Here's how much it costs to live in Mexico vs Toronto and other Canadian cities Toronto Travel
Canadians are flocking to Mexico in droves, and not just because of its warmer climate.
From Victoria, BC, to Halifax, Nova Scotia, the common denominator for why Canadians are flocking to Mexico is a lower cost of living.Toronto has one of the highest living costs in Canada, and housing is a massive part of it."For example, you can save a lot on rent , groceries , and restaurants . Even without factoring in rent, consumer prices in Playa del Carmen are 83.5 per cent lower than in Toronto.
"Consumer prices, including rent, are 52.9 per cent lower in Cancun, while rent prices are 71.2 per cent lower. You can also expect to pay 41.5 per cent less for dining out and 43.2 per cent less for groceries. The benchmark home price in Vancouver is $1,143,900, whereas, in Cancun, homes are, on average, 88.8 per cent less expensive to buy," Far Homes states on its website.
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