Top 5 Most Expensive Neighborhoods in Toronto

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Even as Toronto’s housing market has taken a hit in recent months, it still has some of the most valued neighborhoods in all of Canada. As property values in Toronto continue to reach heights that other Canadian cities could only dream of, these are the top 5 most expensive neighborhoods in Toronto.

#5 Sunnybrook

Coming in as the third most expensive neighborhood in Toronto, Sunnybrook comes equipped with one of Ontario’s biggest hospitals and is the former home of Canada Paper Company head Joseph Kilgour. The average household net worth in Sunnybrook, according to 2014 estimates, is $20.82 million. The average annual household income is $311,979 and the average house price currently exceeds $2.29 million. Admittedly, the upper class mentality is heavy in Sunnybrook with its central park offering private horse riding lessons at over $150 per session.

#4 The Bridle Path

The Bridle Path is home to some of the richest Torontonians and even richest Canadians. Enjoy the wooded manors, the regular discussions of international travel, and the culture of art galleries and ballet. The average household net worth in The Bridle Path, according to 2014 estimates, is $22.27 million. The average annual household income is $936,000 and the average house price currently exceeds $2.3 million. The properties in The Bridle Path are some of Toronto’s most beautiful, and the continued reinvention and re-designing of its manors has landed this neighborhood on our list.

#3 Lawrence Park North

Lawrence Park North is a very prominent neighborhood in Toronto, having been the former home of numerous city icons including current mayor John Tory and former Blue Jays president Paul Beeston. The average household net worth in Lawrence Park North, according to 2014 estimates, is $10.44 million. The average annual household income is $906,000 and the average house price currently exceeds $2.8 million. Since it was originally built in the early twentieth century, the neighborhood has grown to be one of the most aristocratic-esque in all of Toronto.

#2 Forest Hill South-UCC (Upper Canada College)

Since it was originally founded, Forest Hill South-UCC has been home for multiple lieutenants-governors and Ontario premiers. The average household net worth in Forest Hill South-UCC, according to 2014 estimates, is $10.63 million. The average annual household income is $629,972 and the average house price currently exceeds $3.2 million. As education and schooling are upheld as the top priority in this neighborhood, it’s no wonder it ranks so high on our list.

#1 York Mills-Windfields

Centering around the historical estate of Don Mills developer E.P. Taylor, York Mills-Windfields has several grand manors to browse. In fact, the homes here are the most expensive in all of Canada. The average household net worth in York Mills-Windfields, according to 2014 estimates, is $21.55 million. The average annual household income is $1.2 million and the average house price currently exceeds $3.4 million. The York Mills-Windfields area is also home to the Canadian Film Centre and some of Toronto’s biggest earners. If you can afford a home here, hats off to you.

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