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10 Wealthiest Neighborhoods in Ontario

torontolife.com

You may or may not be surprised to learn that Ontario, Canada is CHOCK full of wealthy people and affluent neighborhoods. Whether or not you were aware of the riches in this Canadian province, this list will impress even those who are already in “the know.” The Toronto suburbs and the Greater Toronto Area (GTA) claim the majority of the neighborhoods on our list. From idyllic natural settings, multi-million-dollar homes, exclusive amenities, and picture-perfect residential areas, these 10 neighborhoods know how to relax in the lap of luxury.

*Statistics Canada helped to provide the numbers in terms of population and household incomes. Local real estate agencies and official town websites provided the average housing costs.

1) Forest Hill South, Toronto

As one of Toronto’s most prestigious districts, Forest Hill South neighborhood owes much of its reputation to its schools. Two of Canada’s highest rated schools – Upper Canada College for boys and Bishop Strachan School for girls – call this district home. Education aside, this neighborhood is very aesthetically pleasing. Lots of green spaces, well-kept public areas, and classically elegant homes from the 40s and 50s made from brick and stone make this a very desirable place to live. The average home here sells for around $2.1 million, keeping this neighborhood’s reputation elite and exclusive. Of course, it makes sense that the annual average household income for the majority of the nearly 11,000 residents soars over $200,000. While it’s true this neighborhood can fully function as its own entity separate from Toronto, the downtown of one of Canada’s most vibrant and exciting cities is just a few kilometers away.

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2) York Mills, Toronto

The name comes from the area’s old grist mills industry. Nowadays it’s clear this neighborhood has strayed far from its blue-collar roots. The average household income is $1.2 million, defining York Mills as the most affluent neighborhood in Ontario and the second richest in the nation. Going hand in hand with sky high incomes are the hefty price tags on homes. The average price is nearly $3.5 million. One of the reasons this neighborhood is so uppity is the heavily preserved natural scenery and greenery. It’s clear this district’s been built around nature, and not the other way around. Even still, York Mills has a wonderful central shopping plaza featuring gourmet food shops, a winery, and specialty retail shops. The location is far enough away from the city center to feel secluded, but close enough that the glittering nightlife, arts, and cultural scene of Toronto is accessible in 20 minutes.

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3) Sunnybrook, Toronto

A sprawling community bordering two other wealthy neighborhoods – Bridle Path and York Mills – Sunnybrook’s biggest draw is its family-friendly vibe. In fact, absent are the grid-like streets of the other neighborhoods and are instead replaced with cul-de-sacs and crescent-shaped streets. There’s a range of facilities for residents of all ages, from schools to retirement homes. Here, it’s common for three generations of family to live together in one home. Perhaps this explains why the community has a high number of people over the age of 65. The average household income is nearly $300,000 and the average home here runs well over $2 million. Sunnybrook is the home of the highly regarded research hospital, the Sunnybrook Research Institute. Rounding out this community’s amenities is Don Mills – an outdoor shopping center – and plenty of family parks, plus hiking and walking trails.

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