Downtown Toronto oﬀers historic hotels, boutique digs and lakefront properties. It can be pricey, but you don’t have to spend big to be close to the action. Guesthouses and B&Bs are proliﬁc in eastern Toronto, the Church-Wellesley Village and The Annex. Budget beds are hard to ﬁnd, but there are some top-quality youth hostels around. Toronto’s thriving B&B industry caters to most budgets.