Toronto, Vancouver housing still hugely desirable despite recent challenges

Even with ongoing affordability challenges, Toronto and Vancouver continue to attract significant interest worldwide, ranking 20th and 24th globally thanks to their robust economies. Yet, rising housing costs are impacting overall Quality of Life scores. For Canada to address these pressures, we need to see 430,000-480,000 new homes built annually—a goal we have not yet reached. In my years supporting families, new immigrants, and global investors in Vancouver’s dynamic market, I’ve seen firsthand both the enduring appeal and the evolving hurdles of these cities. Navigating these realities requires insight, cross-cultural understanding, and a strategic approach to long-term asset building—especially for those looking to make Vancouver home.