Lawrence Park Neighbourhood
by Wikimedia Commons
There are many affluent residential neighbourhoods that can be recognized at first sight by big houses and luxurious cars in Toronto. They are filled with luxurious restaurants, high-end social clubs, prestigious schools, and expensive boutiques. Sure, there are similar neighbourhoods in all other cities in Canada, but have you ever wondered if they are the richest neighbourhoods in the whole country or whether there are even more opulent residential areas somewhere else?
Canadian Business created a list of the ten wealthiest neighbourhoods/postal codes in each province of the country and afterwards put together an ultimate top-ten list of the richest neighbourhoods in the whole country. The richest neighbourhoods were identified according to the data of Environics Analytics by Forward Sortation Area (the first three letters in your postal code) based on the most recent average net worth of the residents. It’s no surprise that the top ten was dominated by Ontario, since it’s the province with the largest population and the country’s most significant economic centre. According to Canadian Business, six out of ten of the richest Canadian neighbourhoods are located in Ontario.
Canadas Richest Postal Codes - Click to Enlarge
The title of the richest neighbourhood in Canada belongs to Lawrence Park, with an average net worth of $3.824 million in 2010. Bordered by Yonge Street and Lawrence Avenue to the northwest and Bayview to the east, Lawrence Park preserves its charisma and atmosphere and is considered the most family-friendly neighbourhood in Toronto. Moreover, it’s located near high-end amenities such as fine boutiques, social clubs, great schools, exclusive restaurants, and beautiful parks.
Westmount by Gilles Douaire
Lawrence Park was closely followed by Montreal’s Westmount with an average net worth of $3.693 million and another Torontonian neighbourhood, Rosedale, with $3.642 million. Other Ontario neighbourhood that made it to the top ten are St. Andrew-Windfields East ($3,447), St. Andrew-Windfields West ($2,740), Forest Hill South ($2,546) and Kleinburg ($2,512).
The top ten list is composed of a wide variety of neighbourhoods, including the quaint and tiny ravine-crossed area of Rosedale, Westmount located in the busy centre of Montreal, Springbank, which nestles in the foothills of the Rockies, and a huge Toronto rural suburb, Kleinburg. If you want to find out more information about the wealthiest neighbourhoods in Canada, have a look at these statistics.
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