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Originally Posted by JIJ
I would like to thank all of you for your responses. So it looks like living in downtown may not be good idea w.r.to the commute to work.
I am currently located in NJ (a few miles away from Manhattan) and that's what lead me to looking at living in the downtown area just for the convenience factor.
I intend to do more research on High Park area, South Etobicoke and Bloor village. Are there any good online resources which can give me more information about these areas? How do these compare to Square One in Mississauga. What are the pros and cons of living in Toronto versus Mississauga?
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It depends on how urban you want to be. Bloor West/High Park will still make you feel like you are living in a city. Sure, there aren't too many tall office towers around you but there is density from condos and things. You can walk to shops along Bloor Street and relax at a local café. You feel like you are in a city. Perhaps it will feel slightly european (or west-coastish).
Square One in Missauga has a distinct suburban feel to it. You'll need your car to go get a bag of milk (yes, "bag"

). You will end up shopping at big box stores and spending time in malls. It will still be fairly multicultural but you will not be able to claim to be an urbanist and instead you will be a slave to your car.
South Etobicoke is located between Square One in Mississauga and Bloor West/High Park. It also will conceptually feel somewhat in between the two. Many streets don't have sidewalks and there are a lot of bigger properties. You will still need a car here but the "feel" will be different. You'll feel like you are living in an uptown community rather than a suburban wasteland.
p.s. I'm likely biased since I am an urbanist that likes to have things in walking (or at least transit) distance.