20 Richest Neighbourhoods Across Canada

Canada is ranked 7th in the world for being home to 3.7% of the world’s millionaires. That makes you wonder, “Where can you find the richest neighbourhoods in Canada?”.

According to the most recent data from Canadian Business magazine, the following are the 20 richest neighbourhoods across the country.

20. Roxboro – Calgary, Alberta

Average household net worth: $7,368,972

Average annual household income: $810,847

Roxboro is a leafy suburb on the banks of the Elbow River and only a stone’s throw from Stampede Park — home of the Calgary Stampede, one of Calgary’s top destinations during the summer. It was established in 1923 and buildings from back then are still standing.

19. Upper Mount Royal (South) – Calgary Alberta

Average household net worth: $7,542,402

Average annual household income: $609,395

The southern part of Upper Mount Royal in Calgary’s affluent western suburbs — between Frontenac Avenue and 34th Avenue — became an exclusive enclave in the heyday of the Canadian Pacific Railway. Some of the estates here date back to a century ago.

18. King George Park (Westmount) – Montreal, Quebec

Average household net worth: $7,574,692

Average annual household income: $534,971

The area straddling King George Park in Westmount, one of Montreal’s wealthiest suburbs, used to be known as Murray Hill. It was renamed in 1939 after a royal visit.

17. Elbow Park – Calgary Alberta

Average household net worth: $7,611,156

Average annual household income: $479,285

Located in a bend in the Elbow River, Elbow Park has been a neighbourhood of Calgary since 1910, making it not only one of the wealthiest, but also one of the oldest communities in one of the most expensive places to live in Canada.

16. Upper Mount Royal (North) – Calgary, Alberta

Average household net worth: $7,720,307

Average annual household income: $1,266,518

The northern section of Upper Mount Royal, between Frontenac Avenue and Colborne Crescent, used to be nicknamed “American Hill.”

This neighbourhood used to be home to Calgary’s American-born business elite and even today, nearly a third of its residents are immigrants from south of the border.

15. Britannia – Calgary Alberta

Average household net worth: $7,984,224

Average annual household income here: $1,334,970

Even in 1952, when Britannia was established along the east bank of the Elbow River, lots here were sold for as much as twenty times the average Calgary price.

The neighbourhood is still home to some of the most expensive residential properties in Calgary.

14. Westmount – West Vancouver, British Columbia

Average household net worth: $8,956,821

Average annual household income: $393,746

Average house prices in Westmount are among the highest in Canada, but then again, the houses here aren’t average.

They tend to be luxury mansions hidden by lots of greenery for privacy, so you won’t even know you have neighbours.

13. Shaughnessy (North) – Vancouver, British Columbia

Average household net worth: $9,087,452

Average annual household income here: $371,510

In the northern section of Shaughnessy, from W 29th Avenue to Laurier Avenue, you’ll still find plenty of heritage homes dating from when the Canadian Pacific Railway established the neighbourhood in 1907.

12. Sunnyside Avenue (Westmount) – Montreal, Quebec

Average household net worth: $9,349,716

Average annual household income: $363,271

The neighbourhood along Sunnyside Avenue but south of Lexington Avenue actually tends to have lower house prices than elsewhere in Westmount, one of Montreal’s most affluent suburbs.

11. Lexington Avenue (Westmount) – Montreal, Quebec

Average household net worth: $10,476,422

Average annual household income here: $642,960

The Lexington Avenue neighbourhood lies to the west of Sunnyside Avenue all the way to St. Joseph’s Oratory, and the private all-girl school Villa Sainte-Marcelline, so residents can have stunning views of one of the most beautiful Canadian cities to live in.

10. Sunnyside & Edgehill (Westmount) – Montreal, Quebec

Average household net worth: $10,511,187

Average annual household income: $552,038

The area above Lexington Avenue, between Sunnyside Avenue and The Boulevard, is another leafy neighbourhood with great views and some of the highest house prices in Montreal.

Among the homes here is one that once belonged to politician Charles A. Smart.

9. Kerrisdale Park – Vancouver, British Columbia

Average household net worth: $10,869,273

Average annual household income: $762,466

The area around Kerrisdale Park and east of Cypress Street has a mix of character-filled old bungalows and large, modern homes.

You may recognize the neighbourhood’s main landmark, Point Grey Secondary School, from the series Riverdale.

It’s also the alma mater of Seth Rogen, one of the wealthiest Canadian actors.

8. Summit Park (Westmount) – Montreal, Quebec

Average household net worth: $10,895,782

Average annual household income: $968,212

Summit Park is the area directly below Westmount Summit with its woods and hiking trails. It is the wealthiest and most exclusive neighbourhood in all of Montreal.

7. Forrest Hill South & UCC – Toronto, Ontario

Average household net worth: $11,530,848

Average annual household income: $635,051

Upper Canada College, one of the most expensive private schools in Canada, forms one corner of Forest Hill South. It’s just one of the exclusive schools in this exclusive neighbourhood.

6. Forrest Hill North – Toronto, Ontario

Average household net worth: $11,671,220

Average annual household income: $1,225,267

Forest Hill North, like Forest Hill South, forms part of what used to be the village of Forest Hill, incorporated in 1923.

This leafy neighbourhood is home to the Forest Hill Collegiate Institute, where Drake, one of the world’s richest rappers, went to school.

5. Kerrisdale – Vancouver, British Columbia

Average household net worth: $12,850,938

Average annual household income: $1,153,529

Kerrisdale Park is just one smaller neighbourhood within Kerrisdale, a leafy neighbourhood that developed around an interurban railway stop named in 1905.

It was originally called Kerry’s Dale, after Kerrydale in Scotland.

4. Shaughnessy Heights – Vancouver, British Columbia

Average household net worth: $13,811,849

Average annual household income: $700,431

Located to the west of Granville Avenue, from where W 39th Avenue becomes Connaught Drive to W 29th Avenue, Shaughnessy Heights is the wealthiest neighbourhood in Vancouver. It’s also one of the priciest.

3. Bridle Path – Toronto, Ontario

Average household net worth: $19,729,09

Average annual household income: $1,101,171

Bridle Path is regularly at the top of the list of wealthiest neighbourhoods in Canada. It is named for The Bridle Path, one of the main roads through the neighbourhood.

As the name implies, this area used to be rolling farmland with plenty of horse owners and, even today, the properties are huge.

Among the celebrities who owned property here is the late music legend Prince.

2. York Mills-Windfields – Toronto, Ontario

Average household net worth: $20,944,385

Average annual household income: $869,581

York Mills-Windfields, like the neighbouring Bridle Path, is considered a millionaires’ mile where some of the wealthiest people in Canada live. Philanthropist, business tycoon and racehorse breeder E.P. Taylor used to live here in Windfields Estate, now home to the Canadian Film Centre. He also donated the land that would become Windfields Park.

1. Sunnybrook – Toronto, Ontario

Average household net worth: $22,709,428

Average annual household income: $289,434

Sunnybrook lies along the southern border of Bridle Path and on the outside of Park Lane Circle. It was once the country estate of Joseph Kilgour, whose widow later donated the land to the city to be used as a park.

The most famous landmark here is Sunnybrook Health Sciences Centre, one of Canada’s leading academic hospitals.


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