Toronto has secured the 20th spot out of 1,000 global cities in a prominent 2026 index—an impressive position that reflects the city’s strong economic foundations and wealth of human capital. Yet, the same index highlights a challenge many of us already feel: Toronto’s housing affordability continues to lag, pulling down its overall Quality of Life score despite robust economic performance. According to a 2026 housing study, Toronto’s median multiple sits around 7.5, placing our city among the least affordable major markets surveyed that year. Experts confirm what many experience firsthand—residents here spend a larger share of their income on housing than almost anywhere else in the world. Ongoing supply shortages and a slowdown in new housing starts are key reasons affordability hasn’t improved. As your dedicated partner in real estate and home inspection, I keep a close eye on these trends to help you navigate the market with confidence.