Put it this way, CAD$5600 net is a big salary here in Montreal. Toronto is no different in that it's a big Canadian city. Cost of living is relative to where you live. Downtown Toronto, you can expect a rent around 2500 for a 2-bedroom apt for example.
You won't spend anywhere near as much as in a big Asian.
Hope his helps.
Almost of salary for an apartment - how much cheaper does it get a little way out of the centre?
I pay about 33% of salary for condo in Singapore and think its too high a %