Toronto is one of the world’s great cities and should be on everyone’s list if you can make it. Prices in Toronto are generally in line with large American cities like New York City and Los Angeles, but as the Canadian dollar strengthens against the US dollar, as it’s done in 2010, the city can be expensive for most tourists.
Hotels are generally of high standard and most of them are conveniently located near the downtown area so staying there most visitors won’t need any additional transportation costs since so much is within easy walking distance. The public transportation system is extensive so you probably won’t want to drive yourself even if you’ve arrived in a car.
So much of the charm of Toronto involves just checking out the various neighborhoods, so once you’ve been up in CN Tower you can get by without spending a fortune on other attractions. Food and drinks tend to be moderately priced for most visitors, and there are plenty of good budget meals available in the various ethnic neighborhoods and restaurants around the city.