Research.

Prices and rents are softening, which sounds like relief. But affordability is still broken. It takes roughly $215,000 in income to buy the average Toronto home, against a median household income near $85,000. Meanwhile the city has nearly stopped building. Starts fell 31 percent in 2025, their lowest level in about thirty years. The one bright spot is the missing middle, now around half of what little gets built, driven by new as-of-right zoning that lets more homes go up without a rezoning fight. The market cooled, but the supply crisis got worse. The fix is exactly the kind of housing this studio is built to deliver.