One of the trade-offs in Toronto is the potential commute. Depending on your job, you might need a travel to get to work. That can be a killer the closer you get to the city, at least in the GTA. A good chunk of Toronto's (a.k.a. the 416/416ers) traffic is comprised of people travelling from the burbs (a.k.a the 905/905ers).

I once lived and had a job in Toronto, but at opposite ends of the city. I could spend 2 hours commuting one way when I relied on public transit and didn't save much time by driving.

I'm happy to have a much shorter, almost rural commute since we changed jobs and moved out of the big city.