Some people are from the other side of town. Others have no idea what tracks are because their entire neighbourhood travels in chauffeured Rolls Royces. So where do this privileged few of Canada’s 1% call home? We used the most recent statistics from Canadian Business magazine to compile a list of Canada’s wealthiest neighbourhoods.
Canada’s wealthiest families, like everyone else, are seeking for three things in a home: location, location, location.
Here are the Richest Neighbourhoods In Canada 2021
10. Sunnyside & Edgehill, Westmount, Montreal, Quebec
Another green neighbourhood with beautiful vistas and Montreal’s highest house prices is Lexington Avenue, Sunnyside Avenue, and The Boulevard. One of the houses here was formerly the home of politician Charles A. Smart. In this region of town, the average annual household income is $552,038.
Average household net worth: $10,511,187
9. Kerrisdale Park, Vancouver, British Columbia
The neighbourhood around Kerrisdale Park and east to Cypress Street is a mix of antique bungalows with character and huge, modern residences. From shows like Riverdale, you may recognize the neighbourhood’s prominent landmark, Point Grey Secondary School. It’s also where Seth Rogen, one of Canada’s wealthiest performers, went to school. The average household income in this city is $762,466 per year.
Average household net worth: $10,869,273
8. Summit Park, Westmount, Montreal, Quebec
Summit Park, with its trees and hiking routes, is located right beneath Westmount Summit. With an average annual household income of $968,212, Montreal’s wealthiest and most exclusive neighbourhood.
Average household net worth: $10,895,782
7. Forest Hill South & UCC, Toronto, Ontario
One of Canada’s most costly private schools, Upper Canada College, is located in Forest Hill South. It’s just one of the posh schools in this posh neighbourhood, where the median annual household income is $635,051.
Average household net worth: $11,530,848
6. Forest Hill North, Toronto, Ontario
Forest Hill North and Forest Hill South are both part of the Forest Hill village, founded in 1923. The Forest Hill Collegiate Institute, where Drake, one of the world’s wealthiest rappers, attended school, is located in this lush and exceedingly exclusive neighbourhood. Forest Hill North’s average annual household income is $1,225,267.
Average household net worth: $11,671,220
5. Kerrisdale, Vancouver, British Columbia
Kerrisdale Park is a small neighbourhood within Kerrisdale, a leafy community named after an interurban railway station that opened in 1905. It was previously known as Kerry’s Dale, after the Scottish town of Kerrydale. Nearly 40% of the people that live in the region are Asian, particularly Chinese immigrants from Hong Kong. The average household income in this city is $1,153,529 per year.
Average household net worth: $12,850,938
4. Shaughnessy Heights, Vancouver, British Columbia
Shaughnessy Heights is the wealthiest neighbourhood in Vancouver, located west of Granville Avenue from where W 39th Avenue becomes Connaught Drive to W 29th Avenue. It’s also one of the most expensive. Shaughnessy Heights’ average annual household income is $700,431.
Average household net worth: $13,811,849
3. Bridle Path, Toronto, Ontario
Shaughnessy Heights is the wealthiest neighbourhood in Vancouver, located west of Granville Avenue from where W 39th Avenue becomes Connaught Drive to W 29th Avenue. It’s also one of the most expensive. Shaughnessy Heights’ average annual household income is $700,431.
Average household net worth: $19,729,09
2. York Mills-Windfields, Toronto, Ontario
York Mills-Windfields, like its neighbour Bridle Path, is known as a millionaires’ mile, home to some of Canada’s wealthiest residents. E.P. Taylor, philanthropist, business magnate, and racehorse breeder, used to live in Windfields Estate, which is now home to the Canadian Film Centre. He also gave the area that became Windfields Park as a gift. The average household income in this city is $869,581.
Average household net worth: $20,944,385
1. Sunnybrook, Toronto, Ontario
Sunnybrook is located on the outside of Park Lane Circle and at the southern border of Bridle Path. It was previously Joseph Kilgour’s rural residence, which his widow eventually bequeathed to the city for use as a park. Sunnybrook Health Sciences Centre, one of Canada’s major academic hospitals, is the most well-known landmark here. It’s no surprise that the average yearly household income in Canada is $289,434, with a number of medical professions paying above $300,000.
Average household net worth: $22,709,428
