I'm going to be moving to Toronto from Aurora (north of richmondhill, south of newmarket)
Heh.
Go pickup a used not so new looking bike, possibly single speed for getting around town. Or maybe a fixed gear but don't bling it up. I got one of them budget drx2000 rear wheels from cavern for wheel cheap (intended), but I think he's out of them now. There's also a bunch of beater perfect bike frames at Cavern if keith hasn't dumped those yet that would be perfect as well.
Prepare to spend 1/3+ of that budget on locks if you don't have anything good already. Good as in krypto chain/mini U. And uh don't lock to those o-ring bike posts you see everywhere downtown.
Igors = fence. Run away from that place.