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Originally Posted by Kevsh
If you want/need to be downtown, I'd suggest the Bloor/Yonge and Annex area - nice area, close to everything and reasonable prices (the U of T is near by).
If you don't mind 7-days-a-week nightlife, look at Little Italy (College St., west of Bathurst). Great restaurants, always something going on and trendy.
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I give the thumbs up to this opinion. Please understand that everything south of Bloor you should expect to be $1000 a month or less.
Personally I think when I move back I'll end up in the beaches or in one of the west end places. You should also consider that the most expensive place you can consider in Toronto will cost you 50% in Montreal. I shit you not. I had a one-bedroom in Toronto for $1500 that now costs me $830 with a better view in Montreal. It's all up to you ... what are you looking for in a metropolis?