Cheap flights from Toronto to Iceland from C$ 500

The month of February is, on average, the cheapest month to fly to Iceland from Toronto, with most prices found around C$ 749. If you are unable to visit Iceland during the month of February, then departing from Toronto during the month January is also very affordable. Most momondo users find prices during this month for around C$ 777.

Our data shows that Sunday is the least expensive day to fly to Iceland. Tickets to fly out on this day can be as low as C$ 844. Flights from Toronto to Iceland on a Saturday will generally be more expensive and average around C$ 907. Keep in mind that these prices on both days could fluctuate depending on the season and the demand.

Fly from Toronto Pearson Intl to Reykjavik Keflavik Intl for the best Toronto - Iceland flight prices

You are more likely to see cheaper flights to Iceland from Toronto when booking weeks ahead of your departure date. In general, you can expect to find flights to Iceland for around C$ 881 when searching weeks out. However, flight prices might be lower outside of this timeframe. For example, people recently found flights to Iceland from Toronto for as low as C$ 767 on momondo.

There are 3 cabin classes available to choose from on Toronto to Iceland flights. Cabin price and availability will vary by airline so perform a search above to find the right deals for you.

You could potentially save up to 15% on your flight if you consider stops on a Toronto to Iceland flight.

Historically, on average around 12% of flights between Toronto and Iceland have experienced a delay on any given week. The average delay length over the past 12 months has been 145 minutes.

Generally, flights departing at night tend to experience fewer delays. Flights departing in the morning have, in the past, seen delays more frequently in comparison.

Monday is statistically the day of the week that experiences the fewest delays on this flight route. Sunday has historically seen more delays on average compared to the rest of the week.

According to our data, Icelandair has had the least delays on this route over the last 12 months, with about 9% of their flights experiencing any sort of delay.

The number of flights available between Toronto and Iceland is 4 per week as of November 2026. The most frequent departure day is Mon, with 50% of weekly flights leaving on this day.

Flight times from Toronto to Iceland vary, but if you’re flying out of Toronto and flying into Reykjavik Keflavik Intl Airport (one of the most popular routes), then the duration is 7h 32m on average. Another popular route from Toronto to Iceland is flying from Hamilton to Reykjavik Keflavik Intl Airport, which will take roughly 12h 55m. Keep in mind that layovers or delays could extend your travel time.