Since it can be easily looked up can you provide a link to a source for Toronto?
If it is actually 4%, that number requires context for people to evaluate their own individual risk and to understand the nature of the disease in general.
First of all, if it's 4% that's only 4% of official positive test results, and you have to be sick enough to get a test in the first place. The actual number of individuals who have had covid is much much greater, because of all the asymptomatic people who never even knew they had it and were never tested, and many others who couldn't get a test either because they were never ill enough to merit one, or they didn't want to line up for hours, etc. etc. So the actual mortality rate is much lower than the rate based on official test results.
But even if you leave all that aside, look how it all breaks down using today's cumulative totals for Ontario [from here:
COVID-19 case data: All Ontario]:
96,745 total cases for all of Ontario
3383 total deaths for all of Ontario = 3.5% total death rate [of official test results]
But, if youโre under age 80 = 87,915 cases
1043 deaths = 1.2% death rate
If youโre under age 70 = 82,801 cases
449 deaths = 0.5% death rate
If youโre under age 60 = 73,673 cases
150 deaths = 0.2% death rate
Under age 50 = 59,522 cases
40 deaths = 0.06% death rate
Under age 40 = 46,080 cases
12 deaths = 0.02% death rate
And so onโฆ
For people over 80, 8817 cases is 9% of all cases, but 2340 deaths is 69% of the total deaths. If you're over 80 the death rate is 26.5%.
Further to all this, it's well known that your odds are dying are much greater if you have other co-morbidities, like being overweight, or having other medical conditions that can be lethal in their own right, etc.
Bottom line: if you are under 80 and in good health your odds of dying are dramatically lower than the overall percentage for all ages.
P.S. Scientists believe that "superspreaders" who are less that 20% of total cases end up causing 80% of infections, which is one of the many reasons why crowded settings with a lot of people are much more risky than only two people in a spa.