I lived in Toronto through much of the 80s - can't say I miss it. Not a bad place to visit occasionally, but I have no desire to live there again.
Mainly I can't stand the big city traffic and lineups for everything. Winters can be bleak and gray...but the trend lately is generally mild and more tolerable than the past. Winters make you appreciate the good summer weather all the more.
As for biz opportunity - you can't go wrong. It's definitely a happening city these days (although the relative cost of living is high by comparison to surrounding communities). My suggestion would be living on the outskirts and commuting.
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