Canadian Business Magazine compiled a list of the wealthiest neighborhoods of Canada
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| Bridle Path, Toronto ( torontolife.com) |
Toronto
Lawrence Park North
Lawrence Park is known for being one of Toronto’s first garden-planned communities. The small neighborhood is nestled among rolling hills integrated with several parks. Local residents enjoy amenities found at the nearby Yonge and Lawrence streets, famous for both their shopping opportunities and food. Residents also spend time at the exclusive Granite Club, a local recreation center.
In 2011, Lawrence Park was named the wealthiest neighborhood in Canada. The money flowing through Lawrence Park historically runs deep. Wealth for the area can be traced all the way back to the early 20th century when it was known for being Canada’s aristocratic neighborhood.
The annual household income for Lawrence Park North residents is $906,266, and home prices average $2.81 million. The neighborhood has a variety of home styles ranging from English Tudor style to Georgian and Colonial homes. Many of the residents in the area are current or former Toronto athletes from the Blue Jays and Maple Leafs, as well as high profile business leaders. The neighborhood even houses Canada’s first female astronaut, Roberta Bondar!
Forest Hill South & UCC
Forest Hill South and UCC (Upper Canada College) are considered one of the most affluent neighborhoods in Toronto with an annual household income of $629,972 and average house prices at $3.18 million. Much like many other affluent neighborhoods, there is a link to a high percentage of married couples at 88%, as well as a focus on education and neighborhood amenities and a sense of community.
Historically, in the 1930’s, wealthy Jewish immigrants began moving into Forest Hill South. People of the Jewish faith now account for more than 30% of the population, double that of the next cultural background, Russians. Today, the area is popular with prominent business people, doctors, lawyers, and politicians. Many of the streets are wide and designed to keep traffic slow and at a minimum. This isn’t a necessarily bad thing, as passersby have the opportunity to see the distinguished and intricate landscaping of many of Forest Hill South’s larger and grander homes.
Sunnybrook
Sunnybrook had once been the estate of a well-known horseman named Joseph Kilgour, which also contributes to Sunnybrook’s’ residents love of horses and horse-riding, which is immediately present as you drive among stables and magnificently well-bred horses with pedigrees nearly as strong as their owners’. After Kilgour’s death, the land was donated to the city, and is now used as a riding school and a park for residents to hike, bike, play with their dogs, or go on picnics.
Sunnybrook is also home to one of Canada’s largest hospitals with a staff of over 10,000, which also is testament to the number of doctors and surgeons who live within Sunnybrook’s boundaries.
The average household income is $311,979, seemingly low for one of the wealthiest neighborhoods in Canada. However, the disparity in middle class to extreme wealth is apparent, as Sunnybrook also has an average household net worth over $20 million. In addition, the average house prices are $2.29 million.
York Mills-Windfields,
The York Mills , takes its name from Windfields, the historical estate of famed Don Mills developer E.P. Taylor, which today houses the Canadian Film Centre.
York Mills is part of millionaire’s mile which encompasses the nearby neighborhoods of Bridle Path, Forest Hill, Lawrence Park, and Rosedale. York Mills is a unique neighborhood in the idea that it has gone through what many would call a gentrification of the community. Essentially, through the process of tear-down and rebuild, the affluent coming into the neighborhood have pushed out the lower income and middle class by simply making York Mills too expensive to live in. While apartments and condominiums are home to nearly 30% of the residents, those residents pay high premiums with condos ranging from $350,000 to over $2-million.
With several palatial estates in York Mills it can boast the highest average house price in Canada at $3.4 million. Luckily for the residents, average household income is $1,212,275, giving them just enough to afford the estate-style homes that make York Mills one of the most desirable neighborhoods in Canada.
Bridle Path
Bridle Path is the most affluent neighborhood in Canada, and situated along millionaire’s row with affluent neighbors York Mills and Lawrence Park, which also made this list. Formerly known as North York, Bridle Path is typically known for its multi-million dollar homes and large plot sizes that average two to three acres per residence. Bridle Path, a rather late-comer in the area, wasn’t developed for affluent homes until the late 1930’s and early 1940’s as the needs of the affluent began to expand in the area.
Bridle Path is home to some of Canada’s biggest media moguls, celebrities, doctors, and engineers. Its proximity to the Sunnybrook Health Centre can also explain the high number of health professionals who live in the area.
The average household income is $936,137 with house prices averaging $2.24 million. However, it is the average household net worth that is mind bogglingly incomprehensible at $22.2 million, which explains why Bridle Path is clearly at the top of this list.
Rosedale
Rosedale is an affluent neighbourhood in Toronto, Ontario, Canada, which was formerly the estate of William Botsford Jarvis, and so named by his wife, granddaughter of William Dummer Powell, for the wild roses that grew there in abundance.
It is located north of Downtown Toronto and is one of its oldest suburbs. It is also one of the wealthiest and most highly priced neighbourhoods in Canada. It is known as the area where the city's 'Old Money' lives, and is home to some of Canada's richest and most famous citizens, including Ken Thomson who was the richest man in Canada at the time of his death. Rosedale's boundaries consist of the CPR railway tracks to the north, Yonge Street to the west, Bloor Street to the south, and Bayview Avenue to the east. The neighbourhood is within the City of Toronto's Rosedale-Moore Park neighbourhood. The neighbourhood is divided into a north and south portion by the Park Drive Ravine.
Moore Park
Moore Park is a neighbourhood in Toronto, Ontario, Canada. It lies along both sides of St. Clair Avenue East between the Vale of Avoca section of Rosedale ravine and Moore Park ravine (formerly Spring Valley ravine). The northern boundary is Mount Pleasant Cemetery and the southern the Canadian Pacific Railway tracks. Moore Park is one of Toronto's most affluent neighbourhoods.
The neighbourhood takes its name from its developer, John T. Moore. To encourage buyers, he built two bridges in 1891: the original steel bridge on St. Clair over the Vale of Avoca, and the original wooden bridge on Moore Avenue over Spring Valley ravine. He also helped establish railway service to the neighbourhood.
According Canadian census 2006 , the neighbourhood has 4,474 residents, down 2% from the 2001 census. Average income is $154,825, one of the highest incomes of all Toronto neighbourhoods, and not far below neighbouring Rosedale. The neighbourhood is almost entirely English speaking.
Hoggs Hollow, Toronto
Hoggs Hollow is one of the most affluent neighbourhoods in Toronto, Ontario, Canada, located in the Don River Valley and centred on the intersection of Yonge Street and York Mills Road/Wilson Avenue. Hoggs Hollow is named after Joseph Hogg, a Scotsman who settled in the area in 1824. Hogg operated a whisky distillery and a grist mill, and was viewed as the most successful of all the millers in the valley. The name is usually written without the apostrophe as Hoggs Hollow, but sometimes appears as Hogg's Hollow.
Let's see more weathiest neighbourhood of other Provinces of Canada
Kerrisdale, Vancouver, British Columbia
In 2011, New Jersey Monthly magazine named Ho-Ho-Kus Borough as the best town to live in in New Jersey. This is because of its low crime, excellent schools, proximity to high-profile urban areas (such as New York City), and of course its affluence. Residents of this borough have a surprisingly relaxed and quiet retreat as stunning early 20th century homes lay hidden among large wooded plots of land. With a small-town life, residents enjoy the best of both worlds as the proximity to shopping and the bustle of city life is only a short distance away.
The population of Ho-Ho-Kus is just under 5,000, with a median household income of $165,827 and average home values of $775,000. The borough has an exceptionally low poverty level, with the majority of its residents being considered upper class or middle upper class.
With its proximity to several urban areas, Ho-Ho-Kus is a popular area for finance and business leaders such as David Duffield who has founded numerous companies, notably PeopleSoft.
Shaughnessy Heights, Vancouver, British Columbia
Shaughnessy Heights is an almost entirely residential neighborhood in Vancouver. The annual household income is $777,184, with average home prices at $3.09 million. This neighborhood has beautiful historic homes, with more than half of the homes built prior to World War II.
The neighborhood was created in 1907 as an alternate affluent community to the West End, which at the time was the elite of Vancouver. With a population of only about 3,000, the town has growth policies that inhibit commercial development as well as property subdivision and multiple dwelling homes, and instead promotes large plots of land for single-family homes.
The neighborhood is home to the exclusive Shaughnessy Golf and Country Club, well positioned to provide the neighborhood the country club feel of the mid-century. This 18-hole championship golf course is a picturesque park-like and forested setting which has hosted numerous Canadian and Pacific Northwest championships, as well as the PGA Tour Bell Canadian Open.
Westmount, West Vancouver, British Columbia
Average Household Net Worth: $8,956,821
Average Annual Household Income: $393,746
Average House Price: $3,165,139
The homeowners of this tony neighbourhood, making their debut on the ranking, would seem to prefer experiencing foreign cultures from the comfort of their multi-million dollar homes: They’re the most likely amongst B.C.’s rich residents to drink European wine (14.4% of households do), but the least likely to have visited the Continent.
Sunnyside & Edgehill, Westmount, Montreal ,Quebec
Sunnyside and Edgehill are neighborhoods located within Canada’s 2nd most populated city, Montreal. The average annual income made by inhabitants is $503,935, and the average home price is $2.49 million. The average individual net worth of Sunnyside and Edgehill homeowners is the second wealthiest in Montreal and the home prices are the most expensive in the city. Massive stone homes reminiscent of English country manors sit on large wooded lots often set back upon rolling hills and terraced gardens.
When not working, 17.8% of residents enjoy their time downhill skiing at nearby Bromont, a mountain less than an hour outside of Montreal, or across the U.S. border at Jay Peak, a mountain in Vermont. Both locations are known for their excellent skiing, amenities, and affluent clientele. Sunnyside and Edgehill residents are both affluent and adventure-seekers, not afraid to hit the 4,000 foot mountains in their free time.
Lexington Avenue, Westmount, Montreal, Quebec
One of the three Westmount neighborhoods on this list, Lexington Avenue, is notable for many reasons. First, it is home to St Joseph’s Oratory, a Catholic basilica famous for being the largest church in Canada. St Joseph’s is also known for offering one of the most breathtaking views of Montreal. Within the same area of the basilica, the neighborhood is also home to Greene Avenue, known for its upscale shops, fine dining restaurants, and antique stores.
Lexington Avenue residents enjoy the luxuries of an average annual household income just over $590,000 and home prices worth $1.8 million on average. Homes on Lexington Avenue exude luxury, known for being colossal stone structures sporting second and third floor stone balconies.
Summit Park, Westmount, Montreal, Quebec
Much like neighboring Westmount neighborhoods Sunnyside and Edgehill, Summit Park residents enjoy downhill skiing almost as much as the picturesque views from their homes. About 17% of residents claim they are regular downhill skiers.
The Summit Park neighborhood is named after the 57-acre park and bird sanctuary that is situated atop Westmount’s highest peak. Views from Summit Park are some of the more spectacular views of the city, as the homes in this neighborhood look out over one of the city’s highest points. As Quebec’s richest neighborhood, Summit Park is also noted for having the largest percentage of drinkers of craft beer and is ranked as most likely to own a swimming pool.
Residents of Summit Park have an average annual household income of $906,659 with house prices averaging $2.4 million. Average net-worth for residents is around $11 million.
King George Park, Westmount, Montreal, Quebec
Average Household Net Worth: $7,574,692
Average Annual Household Income: $534,971
Average House Price: $2,467,316
The truly old-money locals still call this area Murray Hill Park after the gentleman farmer, William Murray, who sold this land to the City of Westmount in the 1920s. Straddling King George Park (it was renamed in 1939 to mark a royal visit), it runs from Forden Crescent in the north to Grosvenor Avenue in the south. These are the most cultured Montrealers on this list: they were most likely to have visited an art gallery, or to have attended the symphony or ballet in the past year.
Britannia, Calgary, Alberta
Average Household Net Worth: $7,984,224
Average Annual Household Income: $1,334,970
Average House Price: $2,386,579
The neighbourhood of Britannia was designed from the very beginning to be an upscale community: in 1952, when the average Calgary lot was going for $250, building lots in Britannia, which hugs the East bank of the Elbow River, were sold for up to $5,000. Today it remains a landmark collection of some of the best examples of mid-century modern architecture in the city, and it has the real estate prices to prove it, with average home prices of almost $2.4 million. While the residents of Britannia rank 15th in terms of average net worth, their average annual income, at over $1.3 million, makes them the highest-paid on the entire ranking. They’re also the most enthusiastic skiers of their wealthy Calgary peers, with nearly a third hitting the slopes come winter.
Upper Mount Royal (North), Calgary, Alberta
Average Household Net Worth: $7,720,307
Average Annual Household Income: $1,266,518
Average House Price: $1,883,551
These residents leapfrogged their neighbours just a few blocks south to claim a spot on the ranking for the first time. Mount Royal was originally, and somewhat unimaginatively, dubbed “American Hill” because of the large numbers of Americans who had settled there. Perhaps content with this bit of foreign provenance, the residents are among the least likely among Alberta’s rich to spend their vacations abroad.
Elbow Park, Calgary, Alberta
Average Household Net Worth: $7,611,156
Average Annual Household Income: $479,285
Average House Price: $1,987,126
Leadership lives in Elbow Park. At least two twentieth-century premiers lived in the area; in modern times, the neighbourhood has formed the heart of the provincial Calgary-Elbow riding, represented by both Ralph Klein and Alison Redford. But earlier this year, voters chose Greg Clark, the only member of the centrist Alberta Party to be elected to the provincial legislature.
Roxboro, Calgary, Alberta
Average Household Net Worth: $7,368,972
Average Annual Household Income: $810,847
Average House Price: $1,517,409
Calgary’s richest neighbourhoods follow the course of the Elbow River, and Roxboro, a tidy set of tree-lined streets, is the furthest downstream. Bordered by the river to its north and St. Mary’s Cemetery to the east, Roxboro is often mentioned in the same breath as Rideau Park, a similarly affluent riverside eighbourhood to the west.
Heubach Park, Winnipeg, Manitoba
Average Household Net Worth: $5,270,675
Average Annual Household Income: $296,912
Average House Price: $708,541
This neighbourhood’s net worth surged in 2015 to become the wealthiest neighbourhood in the city, despite only placing second by average annual income and average house price (the homes in South Tuxedo park are $200,000 dearer). The former town of Tuxedo’s first mayor was Frederick W. Heubach, and this neighbourhood straddles the south side of the park that still bears his name today.
South Tuxedo Park (West), Winnipeg, Manitoba
Average Household Net Worth: $4,922,681
Average Annual Household Income: $500,102
Average House Price: $916,657
The residents of this part of Tuxedo are a worldly lot—they’re more likely than any of their wealthy peers to have taken an international vacation in the last year. They were four times more likely to have gone to Asia, and almost twice as likely to have gone to Europe. They’re not snobs though; compared to the other rich Winnipeg neighbourhoods on this list, they drink the most beer and are least likely to hit the ballet or symphony.
Tuxedo Park (North), Winnipeg, Manitoba
Average Household Net Worth: $4,254,246
Average Annual Household Income: $250,811
Average House Price: $521,175
All of Winnipeg’s most prosperous neighbourhoods are clustered in what was once the well-heeled town of Tuxedo. The neighbourhood’s spiffy name was chosen to draw upper-crust buyers at the beginning of the 20th century, and the moniker still holds today. By the standards of this list, Tuxedo Park’s denizens are relative teetotallers, but when they do drink, they choose European wine over beer.
Assiniboine Park, Winnipeg, Manitoba
Average Household Net Worth: $4,647,095
Average Annual Household Income: $262,101
Average House Price: $575,082
On the western edge of the Tuxedo neighbourhood, Assiniboine Park is home to Winnipeg’s zoo, where visitors can gawk at Hudson the playful polar bear or admire the red kangaroos. Residents who prefer a more manicured version of nature can test their swings on the 18-hole Tuxedo Golf Course.
Beaufort Avenue South, Halifax, Nova Scotia
Average Household Net Worth: $4,009,219
Average Annual Household Income: $205,278
Average House Price: $891,646
Halifax’s top five richest neighbourhoods are all located in the city’s South End, and the city’s wealthiest inhabitants favour the waterfront property along the Northwest Arm, the inlet that houses such swell hangouts as St. Mary’s Boat Club, the Halifax Rowing Club, and the Waegwoltic Club. The area owes its secluded enclaves to the blasting process that cleared the space for the nearby railway line; those tracks are now the basis of the Halifax Urban Greenway.
Courtsey : thefinancialword.com, wikipedia, Canadian Business
