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"A Budget-Friendly & Ethical Alternative to Diamonds"
A lab-created gemstone made of silicon carbide.
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There are plenty of trustworthy sites out there that sell Moissanite, but I would suggest going to a store. It's nice to be able to physically see and try on something that you're about to fork over $1000+ for. Plus it's nice to be able to be serviced and have your questions answered in person. You just have to find a good jeweler. Good luck! :)
Plus, if you want a 2 carat (which is a great size. My ideal size, actually!) that has a high color and clarity grade, it's going to cost you. I recently quoted a customer a bit over $60,000 USD for one. A 2 carat size moissanite shouldn't cost you more than $2000 USD, tops. Plus the cost of the mounting, of course.
To answer your other questions, unless someone who knows what they're looking for is holding the stone under a bright light and looking at it through a 15x loop or something, it looks EXACTLY like a diamond. All color and scintillation differences are extremely subtle to the naked eye.
I have no idea where to buy moissanite in Toronto, but your best bet is probably calling a bunch of mom and pop stores and asking if they carry moissanite.
Good luck shopping for your ring, and let us know how that moissanite works out for you! :)