Canada Housing Market

Toronto is known as one of the most expensive cities globally, largely due to its upscale neighborhoods. The places to visit here often cost more than average, with living expenses in these areas sometimes reaching several million dollars. If you’re looking to buy a home in a wealthy community, here is a complete list of Toronto’s richest neighborhoods:

1.Bridle Path-Sunnybrook-York Mills (BPSYM: Positioned at the northern edge of central Toronto, BPSYM is renowned as ‘Millionaire’s Mile.’ Bridle Path is an opulent area with multi-acre estates, dubbed ‘Billionaire’s Row.’ Sunnybrook offers a serene lifestyle close to the city, favored by professionals. York Mills, a part of BPSYM, is known for its diverse housing options, attracting prosperous individuals who prefer a quieter, luxurious lifestyle.

2. Forest Hill South: This lush community boasts luxurious stone mansions and attracts lawyers, doctors, celebrities, and entrepreneurs. Homes here offer exclusive amenities like indoor pools and private bars. Its proximity to top-tier schools and restaurants adds to its allure.

3. Rosedale-Moore Park: An ancient neighborhood with classical architecture and Heritage Conservation Status, Rosedale features minimal traffic, greenspaces, and a charming landscape. The recent surge in high-priced sales has elevated its status among Toronto’s richest areas.

4. Casa Loma: A dream-like area offering various housing options like Tudor, English Cottage, Georgian, and Edwardian-style homes. Despite its opulence, the rent remains reasonable compared to downtown Toronto.

5. St. Andrew-Windfields: This neighborhood offers swift access to downtown Toronto via Highway 401 and York Mills. It’s popular for its schools, green spaces, and family-friendly environment.

6. Yonge-St. Clair (Deer Park): An area boasting diverse housing from Victorian homes to modern condos, catering to various family needs. Its tranquility, top-notch amenities, and quick transit to Toronto’s financial center make it a choice spot for professionals and seniors.

7. Annex: Known for its historic houses dating back to the 1880s and various architectural styles, Annex offers expensive mansions, condos, and townhouses. Its central location connects it to popular areas like Koreatown and Chinatown.

8. Lawrence Park South: One of Canada’s first planned garden suburbs, this area upholds its aristocratic reputation. Home to many public figures, its luxurious single-family homes can fetch up to $7 million.

9. Bedford Park-Nortown: Formerly for the middle class, it’s now among Toronto’s richest neighborhoods, attracting new money and young families due to its proximity to parks, schools, and transit.

10. Forest Hill North: This area, bordered by green spaces, is recognized for its beautiful architecture and natural surroundings.

11. Kingsway South: Featuring stone mansions and a mix of residential and commercial buildings, it’s a hub for architecture enthusiasts and offers diverse amenities.

12. Leaside: A high-end neighborhood characterized by upscale residential areas, parks, and shops, and it’s home to many local celebrities.

13. Willowdale East: Formerly three postal villages, it offers a variety of housing options like single-family homes, condos, and townhouses. Peaceful surroundings with multiple parks make it an appealing choice.

14. Banbury-Don Mills: A vibrant neighborhood amidst nature, offering various housing styles and spectacular views of Toronto.

15. Yonge-Eglinton: Centrally located, this area is a bustling hub with shopping, dining, and fashion centers, appealing to outgoing individuals.

In conclusion, these neighborhoods cater to families, offering luxurious amenities and a blend of modernity and natural beauty.

Source: Guide To The Richest Neighbourhoods in Toronto (squareyards.ca)