Hey buddy. I lived in Toronto for almost three years. Right now I live in Waterloo which is only 2 hours from the city.
First of all I suggest you visit the city and see what you think about it. Don't act impulsively and regret it later.
However I can say many good things about the place but like Lynn007 said real estate can be a bit pricey. You may find a decent apartment with a roommate for about 800CDN.
Good luck.
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