Resize CATextLayer to fit text on iOS

I have a much easier solution, that may or may not work for you.

If you aren't doing anything special with the CATextLayer that you can't do a UILabel, instead make a CALayer and add the layer of the UILabel to the CALayer

UILabel*label = [[UILabel alloc]init];

//Do Stuff to label

CALayer *layer = [CALayer layer];

//Set Size/Position

[layer addSublayer:label.layer];

//Do more stuff to layer

Try this:

- (CGFloat)boundingHeightForWidth:(CGFloat)inWidth withAttributedString:(NSAttributedString *)attributedString {
    CTFramesetterRef framesetter = CTFramesetterCreateWithAttributedString( (CFMutableAttributedStringRef) attributedString); 
    CGSize suggestedSize = CTFramesetterSuggestFrameSizeWithConstraints(framesetter, CFRangeMake(0, 0), NULL, CGSizeMake(inWidth, CGFLOAT_MAX), NULL);
    CFRelease(framesetter);
    return suggestedSize.height;
}

You'll have to convert your NSString to NSAttributedString. In-case of CATextLayer, you can use following CATextLayer subclass method:

- (NSAttributedString *)attributedString {

    // If string is an attributed string
    if ([self.string isKindOfClass:[NSAttributedString class]]) {
        return self.string;
    }

    // Collect required parameters, and construct an attributed string
    NSString *string = self.string;
    CGColorRef color = self.foregroundColor;
    CTFontRef theFont = self.font;
    CTTextAlignment alignment;

    if ([self.alignmentMode isEqualToString:kCAAlignmentLeft]) {
        alignment = kCTLeftTextAlignment;

    } else if ([self.alignmentMode isEqualToString:kCAAlignmentRight]) {
        alignment = kCTRightTextAlignment;

    } else if ([self.alignmentMode isEqualToString:kCAAlignmentCenter]) {
        alignment = kCTCenterTextAlignment;

    } else if ([self.alignmentMode isEqualToString:kCAAlignmentJustified]) {
        alignment = kCTJustifiedTextAlignment;

    } else if ([self.alignmentMode isEqualToString:kCAAlignmentNatural]) {
        alignment = kCTNaturalTextAlignment;
    }

    // Process the information to get an attributed string
    CFMutableAttributedStringRef attrString = CFAttributedStringCreateMutable(kCFAllocatorDefault, 0);

    if (string != nil)
        CFAttributedStringReplaceString (attrString, CFRangeMake(0, 0), (CFStringRef)string);

    CFAttributedStringSetAttribute(attrString, CFRangeMake(0, CFAttributedStringGetLength(attrString)), kCTForegroundColorAttributeName, color);
    CFAttributedStringSetAttribute(attrString, CFRangeMake(0, CFAttributedStringGetLength(attrString)), kCTFontAttributeName, theFont);

    CTParagraphStyleSetting settings[] = {kCTParagraphStyleSpecifierAlignment, sizeof(alignment), &alignment};
    CTParagraphStyleRef paragraphStyle = CTParagraphStyleCreate(settings, sizeof(settings) / sizeof(settings[0]));
    CFAttributedStringSetAttribute(attrString, CFRangeMake(0, CFAttributedStringGetLength(attrString)), kCTParagraphStyleAttributeName, paragraphStyle);    
    CFRelease(paragraphStyle);

    NSMutableAttributedString *ret = (NSMutableAttributedString *)attrString;

    return [ret autorelease];
}

HTH.