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Backpackers on Dundas
Backpackers on Dundas is a relatively new hostel (compared to others on the list), though that doesn't mean it's in pristine shape (as the website wants you to believe). What this place has going for it is twofold - location and price. It's on the cheaper side of Toronto hostels and being just north of City Hall, it's easy to trot around downtown on foot. A bed in a dorm room ranges from $26 to $28 during the summer.
