An increasing number of Toronto residents are contemplating moving away from the city, with over a third (37%) stating they are considering a relocation within the next five years. The primary driving force behind this trend is the mounting costs and escalating concerns about affordability.
According to the latest Ipsos City Poll released on Wednesday, 65% of those thinking about leaving Toronto point to its high cost of living as the main reason, significantly surpassing other factors. Among respondents, 28% expressed they are “not at all likely” to move, while 35% indicated they are “not very likely.”
The survey, which involved over 1,000 participants, highlights that the cost of living is the predominant stressor, particularly affecting younger adults (18-34) and lower-income households. While issues like traffic, crime, and the desire for more space also play a role in residents’ decisions to relocate, none carry as much weight as affordability concerns.
The poll reveals that 65% of potential movers cited the city being “too expensive” as their reason, followed by traffic (41%), a desire for a lifestyle change (35%), worries about crime (34%), and seeking better job opportunities elsewhere (31%).
Despite the frustration over affordability, Mayor Olivia Chow maintains a significant lead in the mayoral race. The survey indicates she is ahead of Brad Bradford by 15 points among all voters, with 36% supporting her compared to Bradford’s 21%.
Almost half of Torontonians (47%) believe Mayor Chow deserves re-election, marking a 5-point increase from the previous year. Her approval rating remains steady at 59%.
Housing affordability continues to be a critical issue in Toronto, with the poll revealing that even homeowners are feeling uneasy, as 39% believe their homes are now worth less than what they paid for them.
