The cost of living in London is highly dependent on whether you own a home, rent, drive a car or commute with public transit.
If you’ve never lived or travelled to London, there are some things you may want to keep in mind before making a major purchase. For instance, London doesn’t have as complex a transit system as Toronto so many residents opt to buy a vehicle. If you follow suit, you’ll need to add auto insurance to your monthly expenses. Unfortunately, the province of Ontario has some of the highest auto insurance rates in Canada. Just like you’ll want to shop around for the best mortgage interest rates in London, you’ll want to search for the top auto insurance rates as well.