It’s no secret that you’ll find some of the most expensive neighborhoods in Toronto. As one of the most expensive cities in Canada, Toronto has experienced unprecedented growth in the real estate sector, attributing to high house prices over the past few years.
While many people cannot cope with Toronto’s high living costs, some families find it easy to adapt to the city’s affluent and costly neighborhoods. It’s no doubt that most families in Toronto are wealthy and can afford the living costs in the most expensive areas.
According to ballymorehomes.com, if you cannot afford to live in these most expensive neighborhoods in Toronto, you can consider the Woodhaven houses for sale in Aurora. You’ll find an exclusive collection of affordable residential dwellings.
Most Expensive Neighbourhoods in Toronto
Like many other cities, Toronto also has many rich neighborhoods. In this article, we will look at some of the most expensive in Toronto. Keep reading to learn more.
Forest Hill South
If you’ve always wanted to live in a prestigious neighborhood, the Forest Hill South can be your best pick. It is among the wealthiest areas in Toronto and home to many affluent families. You’ll find many elegant homes with prestigious mansions in this place.
While the neighborhood has beautiful landscapes and manicured green spaces, the cost of housing is very high. The average price of a home in Forest Hill South is $2.3 million, and only a few families can afford such expensive home prices. Despite that, this place boasts top-notch schools, excellent restaurants, and many other amenities.
Located near the center of Toronto City, Rosedale is one of the most beautiful places with many tree-lined streets and modern households. It consists of many high-rise apartments and condos of various architectural styles, making it the best place to buy a house.
The neighborhood has many beautiful green spaces, parks, and amenities like excellent schools and restaurants. Most parents living here send their children to private schools such as Branksome Hall. However, there are many other top-notch public schools where your kids can learn.
A desired notable house situated in the tip-top South Rosedale territory. It’s near the midtown zone, however, yet confined and private with a brilliant scene encompassing it. Each room has its very own account, with special structure and components that cause you to feel like you’re in an alternate property when you enter in all of them.
No subtleties were ignored in the structure of any of the rooms, so they are outfitted with all that you may need: agreeable furnishings, fun style, and various windows to light up space. Peruse in the library, unwind in the lounge room, swim in the pool or catch a touch of sun in the nursery, everything is yours to appreciate
Lawrence Park North
Lawrence Park North is one of the healthiest and wealthiest neighborhoods in Toronto City. This area is full of affluent families, with most of them earning over $200,000. That’s why the prices of homes in the neighborhood range between $2 million and $3 million.
What makes Lawrence Park North attractive are its beautiful landscapes, well-kept lawns, big shopping malls, beautiful gardens, and excellent schools like Bedford Park. Also, it is one of the safest neighborhoods in Toronto, with a safety score of 87.1 out of 100.
The Bridle Path is another luxurious neighborhood in Toronto City with houses designed uniquely. It is home to some of the wealthiest people in the country. Notably, more than half of its households earn net salaries of more than $300,000. Some residents earn at least $1 million annually, making it one of the wealthiest neighborhoods in Toronto.
The average price of a home in Bridle Path is $2.5 million, but the living standards in this region is worth the cost. Most homes here have large green spaces and beautiful gardens. Besides, the Bridle Path has an excellent healthcare system, top-notch schools, and best park systems.
As one of the oldest neighborhoods in Toronto, York Mills was once the wealthiest place in the city. It is home to many affluent families who earn high salaries. Besides, it’s safe and surrounded by beautiful landscapes and well-kept green spaces.
With its well-established amenities, you can never miss anything in York Mills. You’ll find many shopping malls and schools that offer world-class education. However, the cost of housing is very high. The average price of a home is $3.5 million.
Located in the midtown of Toronto City, the Yonge-St. Clair is one of the most expensive neighborhoods in Toronto. It consists of many wealthy residents who live in high-rise apartments. The average home price in Yonge-St. Clair is $1.4 million.
If you’ve always wanted to stay somewhere close to the city, Yonge-St. Clair will be the best pick. Its proximity to the city center makes it easy for commuters to move to and from the city. Besides, the neighborhood is close to some of the best schools in Toronto City, including the Upper Canada College and St. Michael’s College.
If you want to enjoy a spectacular view of a harbor, Oakville will be the ideal place to stay. Located along Lake Ontario, the neighborhood provides incredible harbor views. That has been attributed to the high number of tourists visiting the area.
Interestingly, Oakville boasts world-class restaurants, boutiques, wellness centers, food stores, and galleries. It has serene landscapes, beautiful parks, green landscapes, and beaches that have attracted millions of visitors.
When you visit Oakville, you will enjoy many outdoor activities such as boating, fishing, bird-watching, and biking. However, if you are planning to stay in Oakville, you should be ready to pay around $1.5 million for purchasing a house.
Bordering York Mills and Bridle Path, Sunnybrook is a wealthy neighborhood with many affluent families. This family-friendly neighborhood is home to top-rated professionals such as doctors and dentists who work in Sunnybrook Hospital.
Sunnybrook has a vist range of amenities such as schools, shopping centers, community centers, and the Sunnybrook Research Institute. However, the quality of life in this place is high and expensive. You must have around $2.3 million to buy a home in Sunnybrook.
Families living in expensive neighborhoods such as Forest Hill South and Bridle Park enjoy a wide range of amenities like big homes, great shopping centers, vast green spaces, and gourmet restaurants. To reside in these most expensive neighborhoods in Toronto, you must be ready to spend more money to enjoy a high quality of life.