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In terms of accommodation, you can choose between top-notch hotels, cheap stays, B&Bs, guesthouses, and a variety of other options. Keep in mind that the rates may fluctuate considerably from day to day, and many hotels charge double and even triple their off-peak rates on major holidays and during the summer. Some guesthouses, hostels, and B&Bs do not charge tax, but the hotels will. If you are staying at a hostel, expect to pay between $20 and $25 for dormitory bed. Read hostel reviews though, as some hostels overstuff their corridors with beds when packed up.

Hotels in downtown Toronto tend to be somehow pricey. The Toronto Marriott Bloor Yorkville is a prime example. This top-class four-star property is located in the trendy Yorkville district, which features a wide variety of art galleries, bars, shops, restaurants and entertainment venues. The hotel is within a walking distance of the city’s business, shopping, and entertainment centers. The hotel is housed in a residential tower, occupying the lower six floors. It has 258 guest rooms with cable TV and Internet. It also features a congress center, laundry, gift shop, sauna, and a gym. Its onsite restaurant boasts award-winning cuisine. The price range is $150 - $199 CAD a night depending on the room you choose. Don’t forget to ask if high-speed Internet, local phone calls, and parking are included, and inquire about discounts for seniors, students, and long-term stays.

The Hilton Hotel in downtown Toronto stands on 32 floors. It offers easy access to Queen's Park, Rogers Centre, the theater district, Queen Street West (the shopping street) and the CN Tower. The hotel features three restaurants and two bars, an indoor and outdoor pool, a number of meeting rooms, and a gym. The rooms are equipped with cable TV and a mini-bar. It is in the same price range as the Marriott.

Another great downtown option is The Bond Place (no relation to James Bond). It lies at the heart of the city at Yonge and Dundas Square. The hotel offers easy access to attractions like Eaton Centre, the theatre district, and more. The Bond Place features clean, comfortable accommodations and 285 guestrooms. Standard twin rooms, standard queen rooms, superior triple rooms and deluxe queen double rooms cost $89.00, $94.00, $109.00, and $119.00 respectively.

If you are looking for a good rate near Pearson International Airport, two great options are the Westin Bristol Place Toronto Airport and Quality Suites Toronto Airport, both minutes away. Westin features an indoor pool, an excellent onsite restaurant, fax machines, special lighting, free coffee, and easy access to highways 401 or 427. From there, you can get to the downtown area or the uptown district with attractions like the Woodbine Racetrack and Shopping Center. The price range is $100 - $250 a night.

All of the suites at Quality Suites Toronto Airport are fully restored and equipped with free Internet access, a hair dryer, a coffee maker and an ironing board. The executive suites feature individual kitchenettes. Rooms cost from $100 to $149 a night.

If you are looking for a place with a little character, you can check the boutique digs, historic hotels, and lakefront properties in the downtown area. The top-end establishments will be equipped with valet parking, fitness rooms, swimming pools, fine restaurants, and bars. The concierge service is there for you, assisting your every whim.

Finally, a few words about motels in the city of Toronto. The Grand Motel in Toronto's west end and the Beach Motel, just seven minutes from the downtown area, both cost less than $100 a night. Amenities at the Grand include an outdoor pool, Jacuzzi, AC, free Internet, cable TV and VCR, local phone calls, and morning coffee. The accommodations are comfortable and clean. There is nothing but woodland between the Beach Motel and Lake Ontario; so, on a nice day, you can take a leisurely walk to the waterfront for a picnic. This hotel provides convenient access to Humber River Park, Rogers Centre, the CN Tower and the Queens Quay lakefront shops.