So some neighborhoods are much wealthier than others, and in this article we’ll explore some of Canada’s wealthiest neighborhoods. Canada is quite a wealthy country that is much better than several other countries. Visionary people have been able to set up structures and a framework that provide reasonable enjoyment. While some people grew up in a simple, nice neighborhood, there are others who are only used to exotic systems as a result of where they lived.
Top 10 Richest Neighborhoods in Canada
1. Sunnybrook, Toronto, Ontario
The wealthiest neighborhood in the country, with an average household net worth of approximately $22,709,428, is Sunnybrook, Toronto. The place may be along the southern boundary of Bridle Path, as well as on the outside of Park Lane Circle.
The estate was donated to the town by Joseph Kilgour’s widow (it used to be his). It contains the Sunnybrook Health Sciences Center, one of the nation’s leading teaching hospitals. It was revealed that medical professionals here are paid hugely, and the average annual household income in the area is $289,434, making it the richest in Canada
2. York Mills-Windfields, Toronto, Ontario
With an average household net worth estimated at $20,944,385, York Mills-Windfields, Toronto, is Canada’s second wealthiest neighborhood. This is where some of the country’s very wealthy people live. It is a home to some of Canada’s millionaires
Windfields Estate used to be the home of EP Taylor. He is a wealthy man who earns a lot of money from business, and he is also known for his philanthropic activities. He released the place that would become Windfields Park.
Well, since the average annual household income in this place is around $869,581, it means that it is one of the wealthiest neighborhoods in the country.
3. Bridleway, Toronto, Ontario
The average net worth of a Bridle Path household is approximately $19,729.09. The place has a reputation for being on a list like this for some reason. It took its name from one of the main roads in the area. The area used to be a center for many horses and their owners. As things stand, the properties here are still huge.
There are popular people who have owned properties in the area just like Prince. The median annual household income here is about $1,101,171, and it’s third on the list.
4. Shaughnessy Heights, Vancouver, British Columbia
With an average household net worth of about $13,811,849, Shaughnessy Heights, Vancouver is another wealthy neighborhood in Canada. It is located west of Granville Avenue and has a reputation for being Vancouver’s wealthiest neighborhood.
The neighborhood is one of the most expensive in the region and the median annual household income here is about $700,431.
5. Kerrisdale, Vancouver, British Columbia
Kerrisdale, Vancouver has a median household wealth of approximately $12,850,938 making it a wealthy neighborhood in the region. A large part of them are of Asian descent.
Many Chinese who left from Hong Kong settled in this neighborhood and allowed their descendants to stay there. It should be added that the average annual household income of the neighborhood is around $1,153,529.
6. Forest Hill-North, Toronto, Ontario
The average household net worth here is about $11,671,220, and it is part of what used to be the village of Forest Hill. It is not only an affluent neighborhood, but also an exclusive one.
The Forest Hill Collegiate Institute is located here and you must realize how amazing this area is. It should be added that the average annual household income here is around $1,225,267.
7. Forest Hill South & UCC, Toronto, Ontario
The average net worth of a household in Forest Hill South & UCC, Toronto is $11,530,848. This is not a rich neighborhood, but also an exclusive one. It boasts some exclusive schools in the country such as Upper Canada College, which is known as one of the most expensive private schools in the country.
The median annual household income in Forest Hill South is approximately $635,051, making it one of the wealthiest neighborhoods in Canada.
8. Summit Park, Westmount, Montreal, Quebec
The average net worth of a household in Summit Park, Westmount is $10,895,782. It is the spot directly below Westmount Summit. The area is not only an affluent neighborhood, but also one of the most exclusive in the area.
Throughout Montreal, Summit Park is believed to be the most exclusive neighborhood. The neighborhood has an average annual household income of approximately $968,212.
9. Kerrisdale Park, Vancouver, British Columbia
Kerrisdale Park, Vancouver, is one of Canada’s wealthiest neighborhoods, with an average household net worth of approximately $10,869,273.
It contains both old bungalows and huge, modern houses, but it is quite an affluent place. Here you will find the Point Gray Secondary School. The school is one of the main attractions in the area. It should be added that the median annual household income in Kerrisdale Park is $762,466.
10. Sunnyside & Edgehill, Westmount, Montreal, Quebec
The median household net worth here is $10,511,187, which is higher than several other neighborhoods in Canada. Located above Lexington Avenue, Sunnyside & Edgehill is a nice neighborhood with great views.
In addition, you will not get cheap houses here. Charles Smart has a house in this area, which should give you an idea of what’s going on here. It should also be added that the median annual household income in the neighborhood is $552,038.
In conclusion, as you should have seen, these neighborhoods are not only affluent, but many are also highly exclusive and ahead of several others in the country. Therefore, not just anyone can stay in some of these places for different reasons. One common thing is how people have to spend huge amounts to get properties in these wealthy neighborhoods.