In most major Canadian cities like Toronto, Vancouver, and Montreal, Uber is generally cheaper than a traditional taxi for standard point-to-point city travel. Uber's pricing model is dynamic, often offering lower base rates and transparent upfront pricing that avoids the "meter anxiety" of a cab. However, there are two major caveats in 2026: Surge Pricing and Airport Flat Rates. During peak hours, snowstorms, or major events, Uber prices can skyrocket to double or triple the cost of a taxi, which operates on regulated, fixed meter rates. Furthermore, many Canadian airports have negotiated "flat rate" zones for taxis that can actually be more cost-effective than an Uber during high-traffic periods. For example, a taxi from Toronto Pearson to downtown might be a predictable $60 CAD, whereas an Uber could fluctuate between $45 and $90 CAD depending on demand. Generally, if you are traveling during off-peak hours in the city, the app-based ride-hailing service will save you money, but it is always worth cross-checking both the Uber app and a local taxi app (like Beck or Diamond) before confirming your ride.