Perhaps too late to help your friend, but here goes, in no particular order:
Creative Audio, 214 Osborne Street. They carry Monitor Audio, KEF, Reference 3a, Paradigm, Focal JmLab within that price range.
Advance Electronics, 1300 Portage Avenue. Many lines; Vienna Acoustics, Paradigm again, Bowers & Wilkins, others.
American Hi Fi, 2nd floor 329 Cumberland has Focal Jm Lab, Behringer, Mark & Daniel, others...
McCulloch Audio Video has recently moved from location last known to me, not sure what Mr. McCulloch is doing, but he had PMC and Angstrom around, others as well...
Stefanko Audio Video 3059 Portage Ave. is doing mostly repair work these days, but still has Tannoys around and various used stock...
Happy hunting,
-paul-