The Toronto Real Estate Podcast | Stories, Lifestyle & Trends with Fox Marin Associates
Episode #174 | How Did Toronto Get This Expensive? 1985 vs 2026 Cost of Living Breakdown | Toronto Real Estate
Is Toronto affordable in 2026? GTA home prices are down 26% from the 2022 peak, the Bank of Canada rate has dropped from 5% to 2.25%, and the monthly mortgage payment on an average home has fallen from roughly $7,100 to $4,200. So why does everyone in Toronto still feel like they're treading water?In this episode of the Toronto Real Estate Podcast, Fox Marin co-founders Ralph Fox and Kori Marin break down the Toronto affordability crisis with real numbers: the $236,000 household income needed to qualify for an average home versus a median household income of $98,000, groceries up 29% since 2021, gas at $1.83 per litre, 4.1 million food bank visits a year, and a full monthly budget for a couple renting a one bedroom condo in Toronto that hits $4,000 before adding a car. ____________________________________________________ Speakers: Ralph Fox (Co-Founder and Broker of Record at Fox Marin) Kori Marin (Co-Founder and Broker at Fox Marin)
