Toronto is Canada’s most populous city and the capital of Ontario, serving as a global hub for business, finance, and culture. As of early 2026, it remains North America’s fourth-largest city and is recognized as one of the most multicultural urban centres in the world.
Key City Facts (2026)
Population: Approximately 3.27 million in the city proper, with over 7.1 million in the Greater Toronto Area (GTA).
Geography: Located on the northwest shore of Lake Ontario, the city spans roughly 630 square kilometres and is known for its extensive ravine system.
Economy: Home to the Toronto Stock Exchange and the headquarters of Canada’s five largest banks.
Living & Culture: Multiculturalism: Over 50% of residents are foreign-born, and more than 160 languages are spoken across the city.
Cost of Living: Toronto remains one of Canada’s most expensive cities; as of 2026, the average home price hovers around $1.2 million USD.
Events: Major annual events include the Toronto International Film Festival (TIFF), Pride Toronto, and Nuit Blanche.
