More than 2.8 million people live in the city of Toronto. This chapter covers a number of types of housing, ranging from ownership, market rate rental units, and social housing provided to those who cannot afford market rates to homeless shelters and supportive housing that allows seniors to remain independent as they age. Across all of these, finding affordable places to live is a growing challenge. The city is growing faster than ever before due to it being a top global destination for immigrants.

Many international lists label Toronto as one of the best places to live: The Economist recently ranked Toronto the seventh most liveable city in the world92, while housing aggregator Nestpick rated Toronto as the ffth best city for millennials based on its high number of jobs, openness to all peoples, and high access to recreation activities, including nightlife, bars, and festivals.93 However, for many residents, it is becoming increasingly unafordable to live here. A total of 76% of renters in the Toronto CMA with less than $50,000 per year in household income are spending more than 30% of their income on housing94, the point when housing is considered unafordable.95 Shelters are overfowing, evictions are rising, and wait lists for afordable housing are growing at unsustainable rates, while the population is growing far faster than supply