Obviously, AWD does improve traction and therefore does make the vehicle safer.
Whether it's of much practical benefit in the GTA would depend on how much driving you do in bad weather.
Furthermore, some studies have shown that the safer the car is, the riskier drivers' behaviours become, so the net benefit is never as great as predicted. (Just finished reading 'Traffic', as mentioned elsewhere). So, for maximum safety, only drive an older, unsafe vehicle, slowly, in unfamiliar areas, where you will be on maximum 'high alert'.