Statistics on Toronto-Iceland (Reykjavík) flights: what is the right price and when to buy your plane ticket?
Best time to go: what is the RIGHT price for a round-trip flight to Iceland (Reykjavík) (from: Toronto)
The average price to go to Iceland (Reykjavík) from Toronto airport is $ 452 (round trip). However, there are variations depending on the departure month. Thus, it is possible to pay for your plane ticket on average between $ 378 (in april) and $ 563 (in december), which is a saving of $ 74 or a surplus of $ 112 (compared to the average price) depending on the period you leave.
The analysis of all the prices reveals that the most frequent price is between $260 to $312 and that it is generally more economical to leave on a monday and return on a wednesday on a direct flight.
Be careful, the cheapest months may correspond to unfavorable weather periods . Check out our page best time to go to Iceland (Reykjavík) before booking your flight.
If you want to know when to book your flight at the best price, go straight to the second part of this page: When to buy your Toronto-Iceland (Reykjavík) plane ticket.
How are these data calculated?
We have studied a sample of 61442 airfare prices from previous years for flights to Iceland (Reykjavík) from Toronto and can thus establish precise and credible price variation trends based on different parameters. Of course, prices can vary from year to year, but the seasonal aspect of this data (recurrence of school holidays, events... from year to year) makes these statistics quite reliable.
Average price depending on the departure month
Data analysis:
By leaving in april, the price of the plane ticket will statistically be the cheapest ($ 378, saving $ 74 compared to the average price over the year which is $ 452). Conversely, december will be the most expensive ($ 563).
Flight Toronto-Iceland (Reykjavík): when is the best time to go for the best price?
| Month | Good price* | Average price | Our opinion |
|---|---|---|---|
| January | $ 301 | $ 410 | good price |
| February | $ 288 | $ 382 | good price |
| March | $ 334 | $ 451 | fair price |
| April | $ 301 | $ 378 the cheapest | very good price |
| May | $ 339 | $ 437 | fair price |
| June | $ 354 | $ 458 | fair price |
| July | $ 411 | $ 495 | fair price |
| August | $ 427 | $ 522 | high price |
| September | $ 345 | $ 452 | fair price |
| October | $ 329 | $ 460 | fair price |
| November | $ 300 | $ 415 | good price |
| December | $ 404 | $ 563 the most expensive | very high price |
*great price to buy your plane ticket: if you see this price or cheaper during your flight search, go for it and buy it!
Price breakdown to travel from Toronto to Iceland (Reykjavík)
Data analysis:
The prices for flights from Toronto to Iceland (Reykjavík) range from $208 to $935. 5% of tickets were purchased at the minimum price (from $208 to $260), 1% at the maximum price (from $883 to $935). The majority of plane tickets were purchased in the range of $312 to $364 (20% of tickets).
Cheapest airlines for the Toronto->Iceland flight
There are 3 companies that serve Toronto from Iceland (Reykjavík) airport: Fly Play, Icelandair and Air Canada.
Data analysis:
Of the 61442 flights analyzed in previous years, Fly Play was the airline that offered the best fare most often in the flight ticket search results (75% of the time) on the Toronto->Iceland route.
Which day of the week to leave?
Data analysis:
Statistically, Toronto-Iceland (Reykjavík) flights departing on a monday are cheaper than on other days of the week. By choosing a monday as your departure date, you can save an average of $29. On the other hand, departing on a thursday may cost you an additional $27.
Which day of the week to come back?
Data analysis:
Statistically, return flights from Iceland (Reykjavík) to Toronto departing on a wednesday are cheaper than on other days of the week. By choosing a wednesday for your return date, you will save an average of $28. Conversely, departing from Iceland (Reykjavík) on a sunday may cost you an additional $21.
Top prices Toronto-Iceland (Reykjavík)
| Round trip | Dates | Price | |
|---|---|---|---|
| Toronto → Reykjavík | 20-01 to 27-01-2025 | $ 307 | direct flight with Fly Play |
| Toronto → Reykjavík | 24-01 to 31-01-2025 | $ 308 | direct flight with Fly Play |
| Toronto → Reykjavík | 27-01 to 31-01-2025 | $ 296 | direct flight with Fly Play |
| Toronto → Reykjavík | 09-02 to 14-02-2025 | $ 264 | direct flight with Fly Play |
| Toronto → Reykjavík | 17-02 to 26-02-2025 | $ 293 | direct flight with Fly Play |
| Toronto → Reykjavík | 12-04 to 26-04-2025 | $ 307 | direct flight with Fly Play |
| Toronto → Reykjavík | 01-10 to 07-10-2025 | $ 293 | direct flight with Fly Play |
| Toronto → Reykjavík | 03-10 to 17-10-2025 | $ 300 | direct flight with Fly Play |
| Toronto → Reykjavík | 04-10 to 11-10-2025 | $ 305 | direct flight with Fly Play |
| Toronto → Reykjavík | 06-10 to 13-10-2025 | $ 275 | direct flight with Fly Play |
When to book your flight Toronto - Iceland (Reykjavík) to get the cheapest price?
Statistically, you will make the biggest savings by buying your plane ticket between 8 to 9 months in advance. However, you may end up paying a high price if you book between 0 to 1 month in advance.
Did you know: the price of plane tickets not only varies depending on how far in advance you book, but also on the day of the week you book! So, to maximize your chances of getting the best price for a Toronto-Iceland flight, it is recommended to book your ticket on a wednesday.
How far in advance should I buy my flight?
Data analysis:
To get the cheapest flight ticket from Toronto to Iceland (Reykjavík), it is recommended to buy it 8 to 9 months before departure (it is then on average 394 $, which is a saving of 58 $ compared to the overall average price). On the other hand, if you buy your ticket 0 to 1 month in advance, you will pay the full price (206 $ more than the average price).
Depending on the departure month
The best time to buy your Toronto to Iceland (Reykjavík) flight ticket may vary depending on your departure month. Therefore, we offer you statistics on when to book your flight month by month.
| Departure on... | How far in advance should I book? |
|---|---|
| January | Best time: 8 to 9 months before departure (average price: 354 $) Other interesting period(s): 6 to 7 months ($ 378), 7 to 8 months ($ 356), 9 to 10 months ($ 365), 10 to 11 months ($ 378), 11 to 12 months ($ 384) |
| February | Best time: 8 to 9 months before departure (average price: 309 $) Other interesting period(s): 1 to 2 months ($ 365), 2 to 3 months ($ 382), 7 to 8 months ($ 371), 9 to 10 months ($ 328), 10 to 11 months ($ 315), 11 to 12 months ($ 339) |
| March | Best time: 2 to 3 months before departure (average price: 385 $) Other interesting period(s): 3 to 4 months ($ 417), 4 to 5 months ($ 432), 5 to 6 months ($ 428), 6 to 7 months ($ 444), 7 to 8 months ($ 450), 8 to 9 months ($ 421), 9 to 10 months ($ 397), 10 to 11 months ($ 390), 11 to 12 months ($ 430) |
| April | Best time: 3 to 4 months before departure (average price: 295 $) Other interesting period(s): 2 to 3 months ($ 346), 4 to 5 months ($ 330), 5 to 6 months ($ 359), 6 to 7 months ($ 362), 8 to 9 months ($ 333), 9 to 10 months ($ 348), 10 to 11 months ($ 328) |
| May | Best time: 10 to 11 months before departure (average price: 376 $) Other interesting period(s): 3 to 4 months ($ 398), 4 to 5 months ($ 424), 5 to 6 months ($ 423), 6 to 7 months ($ 391), 7 to 8 months ($ 383), 8 to 9 months ($ 396), 9 to 10 months ($ 394), 11 to 12 months ($ 414) |
| June | Best time: 2 to 3 months before departure (average price: 343 $) Other interesting period(s): 3 to 4 months ($ 390), 4 to 5 months ($ 428), 5 to 6 months ($ 427), 6 to 7 months ($ 427), 7 to 8 months ($ 426), 8 to 9 months ($ 410), 10 to 11 months ($ 439), 11 to 12 months ($ 439) |
| July | Best time: 3 to 4 months before departure (average price: 438 $) Other interesting period(s): 2 to 3 months ($ 474), 4 to 5 months ($ 443), 5 to 6 months ($ 449), 6 to 7 months ($ 457), 7 to 8 months ($ 467), 8 to 9 months ($ 468), 9 to 10 months ($ 439), 10 to 11 months ($ 473), 11 to 12 months ($ 483) |
| August | Best time: 6 to 7 months before departure (average price: 450 $) Other interesting period(s): 2 to 3 months ($ 487), 3 to 4 months ($ 519), 4 to 5 months ($ 484), 5 to 6 months ($ 460), 7 to 8 months ($ 450), 8 to 9 months ($ 466), 9 to 10 months ($ 479), 10 to 11 months ($ 461), 11 to 12 months ($ 504) |
| September | Best time: 8 to 9 months before departure (average price: 331 $) Other interesting period(s): 3 to 4 months ($ 427), 4 to 5 months ($ 388), 5 to 6 months ($ 384), 6 to 7 months ($ 411), 7 to 8 months ($ 363), 9 to 10 months ($ 369), 10 to 11 months ($ 379) |
| October | Best time: 6 to 7 months before departure (average price: 301 $) Other interesting period(s): 3 to 4 months ($ 438), 4 to 5 months ($ 395), 5 to 6 months ($ 338), 7 to 8 months ($ 341), 8 to 9 months ($ 386), 9 to 10 months ($ 356), 10 to 11 months ($ 343), 11 to 12 months ($ 415) |
| November | Best time: 7 to 8 months before departure (average price: 298 $) Other interesting period(s): 3 to 4 months ($ 408), 4 to 5 months ($ 375), 5 to 6 months ($ 331), 6 to 7 months ($ 324), 8 to 9 months ($ 339), 9 to 10 months ($ 329), 10 to 11 months ($ 342) |
| December | Best time: 7 to 8 months before departure (average price: 470 $) Other interesting period(s): 4 to 5 months ($ 520), 5 to 6 months ($ 478), 6 to 7 months ($ 478), 8 to 9 months ($ 504), 9 to 10 months ($ 480), 10 to 11 months ($ 486) |
What day of the week should I book my flight ticket?
Data analysis:
Statistically, wednesday is the day when plane tickets for Toronto->Iceland are the cheapest. So, by buying your plane ticket on a wednesday, you will save $3. Conversely, by buying it on a thursday, you may end up paying $8 more.
Toronto to Iceland (Reykjavík): flight price when booking today
Information: this data is not statistics but comes from real prices collected less than 7 days ago. Some months may not be available as we do not have enough data for them.
| Month | Current price | Our opinion | |
|---|---|---|---|
| December 2024 | $ 929 $599 to $1596 | very high price | Find a flight |
| January 2025 | $ 586 $296 to $1009 | very high price | Find a flight |
| February 2025 | $ 445 $264 to $574 | high price | Find a flight |
| March 2025 | $ 533 $328 to $728 | high price | Find a flight |
| April 2025 | $ 468 $307 to $746 | high price | Find a flight |
| May 2025 | $ 430 $347 to $549 | very good price | Find a flight |
| June 2025 | $ 402 $332 to $587 | very good price | Find a flight |
| July 2025 | $ 479 $347 to $604 | very good price | Find a flight |
| August 2025 | $ 491 $429 to $604 | very good price | Find a flight |
| September 2025 | $ 393 $280 to $846 | very good price | Find a flight |
| October 2025 | $ 720 $273 to $3855 | very high price | Find a flight |
| November 2025 | $ 537 $500 to $563 | very high price | Find a flight |
Data analysis:
Compared to the average price, may, june, july, august and september are cheaper to travel to Iceland (Reykjavík). So it may be interesting to book now to leave during these months!