The Toronto Financial District is an excellent location in the heart of downtown Toronto with lots of amenities nearby, public transit, restaurants and downtown attractions. It has a lot of highly-rated hotels to choose from but hotels can get pricey in downtown Toronto! I've offered a range of hotels from cheaper to higher-end selections.


Editor's Top 8 Picks

Editor's Picks
Book from ~$170 CAD
Stylish boutique hotel in a prime downtown Toronto location with comfy beds and free Wi-Fi
  • Free Wi-Fi
  • Many guests liked the central downtown location close to shops, restaurants and transit
  • Many guests said the rooms were clean and nicely decorated
  • Staff were friendly and helpful, according to guests
  • Many guests thought the beds were comfortable
  • Several guests praised the food and service at the on-site restaurant
  • A few guests thought the hotel offered good value
  • Parking is available off site in a public lot for about $14 per day
  • Some guests said their rooms were small
  • A few guests were disturbed by street noise
  • A few guests complained that their rooms had no view
Victoria Hotel Toronto is my second pick for best value in the Financial District in Toronto. It offers stylish, professionally designed rooms in a superb location on Yonge Street. These rooms are well-equipped with all the modern amenities and also come with wood floors and extra comfy beds with pillow top mattresses and nice duvets. Wi-Fi is free at the hotel, and parking is found in nearby lots. The hotel offers fax and printing services and laundry and dry cleaning services. The Over Easy restaurant on site is a great little place that serves breakfast and lunch.
Editor's Picks
Book from ~$168 CAD
Downtown Toronto hotel offers suites with kitchenettes, day spa, restaurant and wine bar
  • Location was convenient for transit, restaurants and attractions
  • Rooms were usually described as spacious with comfortable beds
  • Staff were usually described as friendly and accommodating
  • Wi-Fi rated as very good by guests overall
  • Some guests enjoyed meals at the restaurant
  • Amenity fee charged at 6% to cover Wi-Fi, coffee, tea, local calls, bathrobes, newspapers and the use of fitness room
  • Valet parking is $40 per night
  • Some guests disturbed by unexpected amenity fee and large deposit placed on visa cards
  • Some found rooms not well cleaned and maintained
  • Some complained of noise from the street
  • Not 4-star quality according to guests
  • Small rooms according to some reviewers
  • Parking was limited according to some guests
  • Hot tub use part of spa and required an extra charge said guests
The Cosmopolitan Toronto Hotel & Spa is my third pick for best value in the Financial District. It’s a little more expensive boutique hotel with an on-site restaurant offering room service, full-service spa and fitness facilities. All rooms include a kitchenette, cookware and dishes and some rooms come with washers and dryers which allow for extended stays. This hotel is pet friendly and offers babysitting and dog walking services. All rooms come with Keurig coffeemakers and iPod docks. Wi-Fi is free and valet parking is $40 per day with unlimited in-and-out privileges.
Editor's Picks
Book from ~$544 CAD
Historic luxury landmark hotel in downtown Toronto with indoor pool, day spa and fine dining
  • Numerous guests praised the hotel's downtown locale and proximity to Union Station
  • The hotel's staff were complimented on their attentive and friendly service
  • Several lodgers enjoyed their clean and comfortable rooms
  • Some guests enjoyed delicious meals and breakfast buffets on site
  • Many guests enjoyed the elegant interiors and public spaces of the hotel
  • Wi-Fi is 15.76 per 24 hours for non Club members
  • Parking is $53 per night
  • Dated decor and small-sized rooms were reported by a few lodgers
Editor's Picks
Book from ~$464 CAD
Popular downtown Toronto all-suite hotel with kitchenettes, private hot tubs & indoor pool
  • Free amenities: Wi-Fi
  • Guests were impressed with the suites for cleanliness, amenities and style
  • Location was excellent in walking distance of restaurants, shops, attractions and right next to the subway
  • Many thought it was great value for the dollar
  • Staff were welcoming and professional said guests
  • Guests enjoyed meals on site and the hotel's friendly bar
  • Valet parking is available for $45 overnight till 11 am
Editor's Picks
Book from ~$241 CAD
Highly praised classic luxury hotel in downtown Toronto with high quality rooms and dining
  • Free amenities: Wi-Fi in the lobby
  • Location ideal to downtown attractions, restaurants, shopping and public transit
  • Great stylish, spacious and comfortable rooms said guests
  • Professional, friendly and helpful service from staff
  • Guests enjoyed good dining on site
  • In-room Wi-Fi costs $14.95 or $19.95 per 24 hours
  • Valet parking is $45 per day
  • No swimming pool on site
  • Restaurant a little pricey according to a few guests
Editor's Picks
Book from ~$217 CAD
Classy downtown Toronto hotel attached to Convention Centre with indoor pool & fine dining
  • Free Wi-Fi to IHG rewards members
  • Many enjoyed clean, quiet rooms with comfortable beds
  • Some guests had spectacular views of the lake and city
  • Location was ideal to the convention centre, and handy to attractions, restaurants and public transit
  • Guests spoke highly of the spa area, staff and treatments
  • Many enjoyed the pool and hot tub
  • Valet parking is $45 per day
  • Wi-Fi (for non club members) is $13.95 or $17 per 24 hours
  • Guests often found breakfast, room service and other meals pricey
  • Some guests thought that the hotel was expensive
Editor's Picks
Book from ~$232 CAD
Very well-liked downtown Toronto all-suite hotel with free Wi-Fi and on-site dining
  • Free Wi-Fi and free local calls
  • Numerous guests liked the shopping options near the hotel and Eaton Centre was mentioned frequently
  • Several guests thought that the staff were very helpful
  • Numerous guests liked the layout of their suites
  • Many guests liked the rooftop hot tub and exercise facilities
  • Some guests felt that the hotel was a little dated
  • Occasionally a guest complained about paying for parking
  • Breakfast not included in all room types
  • Parking is $27 per night
Editor's Picks
Book from ~$288 CAD
Classy downtown Toronto luxury hotel with indoor pool, fine dining and high-end amenities 
  • Free amenities: Wi-Fi, bottled water, shoe shine, newspapers
  • The rooms were elegant and well furnished with high quality furniture and amenities
  • Wi-Fi was rated as excellent by online reviewers
  • Guests loved the views of Lake Ontario and the CN Tower from south-facing rooms
  • Excellent buffets, dining and drinks at the hotel said guests
  • Staff provided efficient and thoughtful service
  • Prime downtown location, an easy walk to entertainment venues, restaurants, shopping and business offices
  • Valet parking is $48 for overnight

2 Other Frequently Booked Hotels in Toronto Financial District

Editor's Picks
Book from ~$129 CAD
Good value Toronto hotel with clean and cozy rooms in an excellent downtown location
  • Many guests liked their clean, comfortable and well-equipped rooms
  • Many guests liked the hotel's location, close to dining, shopping, downtown attractions and the harbourfront
  • Friendly and welcoming staff, according to guests
  • Numerous guests were pleased with the value offered by the hotel
  • A few guests reported small-sized rooms and bathrooms
  • Wi-Fi costs $6 per 24 hours
  • No on-site parking
Editor's Picks
Book from ~$333 CAD
Pet-friendly and well-located downtown Toronto hotel with indoor pool, restaurant & lounge
  • Free Wi-Fi and free pet stays
  • Several reviewers enjoyed their clean and well-equipped rooms
  • The hotel was praised for its downtown locale and proximity to attractions
  • Guests enjoyed the pool at the hotel
  • Many lodgers were pleased with the hotel's fair rates
  • Guests enjoyed breakfasts on site
  • Parking costs $25 per day
  • Some guests said the hotel rooms were dated

Tips For Staying In Toronto Financial District

Downtown Toronto's Financial District is the city's central business hub. It is home to countless corporate headquarters, banks, the Toronto Stock Exchange and the Metro Toronto Convention Centre. Visitors will be pleased to find a wide selection of hotels in the area. Those in town for business will enjoy the ease of travelling between work and their hotel, while pleasure seekers will find a central downtown location from which to explore the city.

Follow The PATH
Toronto's Financial District is known for its unique underground pedestrian walkway system, called PATH. With 29 km of shopping, restaurants and entrance points to public transit, PATH is classified as The Guinness Book of World Records' largest underground shopping complex. Anyone who's been to Toronto in the winter months will certainly appreciate being able to circumvent the cold weather, although PATH is also particularly useful on rainy or extra hot and humid days. 

Conveniently, several hotels are directly connected to PATH. Sheraton Centre Hotel, Hilton Toronto, the Ritz Carlton and the Fairmont Royal York all have direct entrances to PATH, which also happens to be connected to Union Station. Union connects passengers to the TTC subway and streetcar network, and is also home to VIA Rail trains and GO trains and buses. The closest hotel to the station is the Fairmont Royal York, which is just across the street.

Home Away From Home
Working away from home isn't always the most comfortable of situations, so there are a few things you might look for in a hotel to help make life a little easier when you're on the road. A business centre, meeting rooms, Wi-Fi and in-room desks are important for when you need to get some work done. On-site dining (with 24-hour room service) is also a feature to look for, so you always have time to eat, even if you're busy.

Valet laundry services, as well as in-room hair dryers and irons and ironing boards, are useful if you have important meetings to attend. And of course, everyone wants to relax after a hard day's work. Choose a hotel with a spa and wellness centre, as well as an indoor pool and hot tub, so you can treat yourself. 

Luckily, there are several excellent area hotels that will cater to these needs. The Cosmopolitan Toronto Hotel and Spa, an Editor's Pick for exceptional value, not only offers many of the above amenities and services, but its rooms also have kitchenettes and, usually, a washer and dryer. However, it doesn't have a pool. 

The Shangri-La Hotel Toronto is another excellent choice, with spacious in-room work areas. It offers everything listed above, and it's situated conveniently between Osgoode and St. Andrew Stations.

InterContinental Centre Hotel is another Editor's Pick hotel, located on site at the Metro Toronto Convention Centre. Just west of Union Station, and very close to the Rogers Centre and Air Canada Centre, it's a great choice for anyone looking to catch a concert or game while in town. It also offers all of the amenities and services highlighted above, plus its pool and hot tub use saltwater instead of chlorine.

It's The Little Things
Travelling on a tight budget can be difficult. It's the little things that tend to add up, so when you're trying to keep costs down, finding a hotel with not only low rates, but with free Wi-Fi, can be helpful. Victoria Hotel, another Editor's Pick, and Novotel Toronto Centre, have free Wi-Fi. Cambridge Suites Hotel also has free Wi-Fi, plus in-room mini-fridges and microwaves, making it easy to save a bit of money by eating a few meals in. 

Strathcona Hotel is our Editor's Pick for best value in this area, however. It offers some of the lowest rates in the district, and inexpensive Wi-Fi ($5.95 per day).

With so many hotels to choose from in Toronto's Financial District, you're sure to find your home away from home, whether looking for downtown convenience, luxury or a budget-friendly option.