Top 10 Richest Neighbourhoods In Canada (2024)

So, some neighbourhoods are far richer than others, and in this article, we will explore some of the richest neighbourhoods in Canada. Canada is a pretty rich country that is far better than several other nations. Visionary folks have been able to put in place structures and a framework that ensures pleasantness to a reasonable extent. However, while some people grew in a simple nice neighbourhood, there are others that are only used to exotic systems as a result of where they lived.

Top 10 Richest Neighbourhoods In Canada

1. Sunnybrook, Toronto, Ontario

The richest neighborhood in the country, with an average household net worth that is around $22,709,428, is Sunnybrook, Toronto. The place can be along the southern border of Bridle Path as well as on the outside of Park Lane Circle. 

The estate was donated to the city by Joseph Kilgour’s widow (it used to be his). It contains the Sunnybrook Health Sciences Centre, which is one of the most prominent academic hospitals in the country. It was made known that medical professionals here are being paid hugely, and the average annual household income in the neighborhood is $289,434, making it the wealthiest in Canada

2. York Mills-Windfields, Toronto, Ontario

With an average household net worth that is placed at $20,944,385, York Mills-Windfields, Toronto is the second richest neighbourhoods in Canada. This is the place some of the very rich folks in the country live. It is a home for some of Canada’s Millionaires 

Windfields Estate used to be E.P. Taylor’s home. He is a wealthy man who earns lots of money from doing business, and he is also known for his philanthropic activities. He gave out the place that would become Windfields Park. 

Well, as the average annual household income in this place is around $869,581, it means it is one of the wealthiest neighborhoods in the country.

3. Bridle Path, Toronto, Ontario

The average household net worth in Bridle Path is around $19,729,09. The place, due to some reasons, have a reputation for featuring on such a list as this. It picked its name from one of the main roads around. The area used to be a center for plenty of horses with their owners. As things stand today, the properties here are still huge.

There are popular folks who have owned properties in the neighborhood, just like Prince. The average annual household income here is around $1,101,171, and it is the third on the list.

4. Shaughnessy Heights, Vancouver, British Columbia

With an average household net worth that is around $13,811,849, Shaughnessy Heights, Vancouver, is another rich neighborhood in Canada. It can be found at the west of Granville Avenue, and have a reputation for being the wealthiest neighbourhood in Vancouver. 

The neighborhood is one of the priciest in the region, and the average annual household income here is around $700,431.

5. Kerrisdale, Vancouver, British Columbia

Kerrisdale, Vancouver, has an average household net worth that is around $12,850,938, making it one rich neighborhood in the region. A large chunk of those here is of Asian origin. 

Many Chinese who left from Hong Kong settled in this neighborhood and have their offsprings staying there. It should be added that the average annual household income of the neighborhood is placed around $1,153,529.

6. Forest Hill North, Toronto, Ontario

The average household net worth here is around $11,671,220, and it is part of what used to be the village of Forest Hill. It is not just a wealthy neighborhood, but it’s also an exclusive one.

The Forest Hill Collegiate Institute can be found here, and you should realise how superb 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 household net worth at Forest Hill South & UCC, Toronto, is $11,530,848. This is not a wealthy neighborhood, but also an exclusive one. It can boast of some exclusive schools in the country, such as the Upper Canada College – which is known to be one of the most expensive private schools in the country.

The average annual household income at Forest Hill South is around $635,051, making it one of the richest neighbourhoods in Canada.

8. Summit Park, Westmount, Montreal, Quebec

The average household net worth at Summit Park, Westmount, is $10,895,782. It is the place directly below Westmount Summit. The area is not just a wealthy neighborhood, but also one of the most exclusive ones around.

In the whole of Montreal, it is believed that Summit Park is the most exclusive neighbourhood. The neighborhood has an average annual household income that is around $968,212.

9. Kerrisdale Park, Vancouver, British Columbia

Kerrisdale Park, Vancouver, is one of Canada’s wealthiest neighbourhoods, with an average household net worth that is around $10,869,273. 

It contains both old bungalows and huge, modern homes, but it is a pretty wealthy place. Here is where you find the Point Grey Secondary School. The school is one of the main attractions in the neighborhood. It should be added that the average annual household income at Kerrisdale Park is $762,466.

10. Sunnyside & Edgehill, Westmount, Montreal, Quebec

The average household net worth here is $10,511,187, which is higher than several other neighbourhoods in Canada. Sunnyside & Edgehill is above Lexington Avenue and is a lovely neighborhood that can boast of great views. 

It should also be added that you won’t get houses for cheap here. Charles Smart has a house in this neighborhood, which should give you an idea of the state of affairs here. It should also be added that the average annual household income in the neighborhood is $552,038.

Related:

• Top 10 Poorest Cities in Canada
• Top 10 Richest Indians in Canada
• 10 Richest Families in Canada

Closing:

In conclusion, as you should have seen, these neighborhoods are not just wealthy, but many are also very exclusive and are ahead of several others in the country. Hence, not just anyone might be able to stay at some of these places for different reasons. One common thing is how folks should be able to spend hugely to get properties in these rich neighborhoods.