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and, I might add, a major centre for Skinhead/Neonazi activity.
I lived in toronto for a couple of years, when I was a teenager, and later, when stationed at CFB Downsview...
the Downtown of Toronto is bordered by Bloor Street to the north, and Front Street/Lake Ontario to the South. The City breaks down into East/West at Yonge Street. The further South you are in Toronto, the better off you are, as a rule of thumb. Areas like North York and Scarborough are basically suburbs, as are cities like Mississauga, Oakville, Ajax, etc.
Here's the basic breakdown: Queen Street runs East/West through the whole City. Queen West is kind of the artsy, fashionable area. Lots of nightclubs, goths, record shops, CITY-TV, the Provincial Legislature, many of the Consulates, Chinatown, and the CNE are all in the Queen West Area. Queen/Spadina is the beginning of the garment district, and if you go North a few blocks on Spadina, you'll end up in the U of T Downtown Campus area. Anywhere north of Queen, West of Spadina is Little Italy, Little Portugal. Great restaurants, clubs, and some nice, quiet neighbourhoods (if you've seen "Bowling for Columbine", the Toronto Neighbourhood featured is in Little Portugal). Just to the west of Queen West is "Parkville", which is NOT a good place to live.
Mississauga is west of the City proper, so the commute from Queen West is pretty convenient. Catch a "Go Train" from Union Station, and it'll take you right to Mississauga, Oakville, Hamilton and beyond. I believe the Toronto Subway goes almost all the way to the east side of Mississauga now, too, but I'm not sure about that.
Queen Street East is more up-and-coming, and is a vibrant neighbourhood. It also features the area known as "The Beaches", which is nice, but keep in mind they're talking about beaches on the North shore of Lake Ontario, so don't get your hopes up.
Yorkville is the neighbourhood just off Bay Street, where Neil Young, Rick James, and Joni Mitchell got their starts. It used to be THE counterculture neighbourhood in the 60's/70's, but now it's completely gentrified, and VERY expensive. If you're in the Yorkville area, you have GOT to go to Movenpick for dinner. Trust me on this!
Where you choose to live depends alot on not only how much you're willing to spend, but on what kind of person you are, and what kind of environment you want to enjoy on your free time.
I'm sure there are some Ontarian DUers who can comment further. If you want more info, PM me!
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