Unfortunately, just a ferry runs between Toronto and Toronto Island, not between Toronto and Niagara Falls. A few attempts were made in the past, and they all failed. However, by 2024, there's a chance we'll be able to enjoy a ferry service from Toronto's waterfront to the lower Niagara Peninsula.

As of 2026, the long-awaited high-speed transit link between Toronto and the Niagara Region is primarily served by Hoverlink Ontario. This service utilizes high-speed hovercrafts rather than traditional ferries, allowing the vessels to travel at speeds up to 100 km/h across Lake Ontario. The journey connects Ontario Place in downtown Toronto to Port Weller in St. Catharines in approximately 30 minutes, offering a massive time saving compared to the typical 90-minute to 2-hour drive on the Queen Elizabeth Way (QEW). The hovercraft is amphibious, meaning it can operate year-round regardless of whether the lake surface is water or ice. From the Port Weller terminal, travelers can take a short 15-to-20-minute shuttle or taxi ride directly to the heart of Niagara Falls. While traditional "high-speed ferries" have been proposed in the past and failed to materialize due to wave height concerns, the hovercraft technology has successfully bypassed these issues, providing a consistent commuter and tourist link that avoids the heavy highway traffic of the Golden Horseshoe.