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By Special to MoneySense on August 28, 2015
Estimated reading time: 1 minute

Top 25 richest neighbourhoods in Canada

By Special to MoneySense on August 28, 2015
Estimated reading time: 1 minute

The average household net worth in Sunnybrook is $22M

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Ever wondered where the wealthiest folk in the country reside? Canadian Business magazine has crunched the numbers and determined the richest enclaves from coast to coast in their third annual ranking. Pockets in Toronto, like Sunnybrook and York Mills-Windfields take top spots, along with several neighbourhoods in British Columbia. The average household net worth in Sunnybrook is $22,709,428. The East Coast has no shortage of millionaires, however. The average household net worth in Beaufort Avenue South, Halifax—No. 25 on the list—is a whopping $4,009,219, up 11% since last year. The average house price in the area is $891,646, relatively affordable compared to other places on the list. Of course, it’s possible to move in and around these neighbourhoods without paying exorbitant prices. Check out our list of the best deals in real estate around the country. Our rankings look at average home prices in various parts of big Canadian cities to determine where you can get the biggest bang for your buck. See the full Canada’s Richest Neighbourhoods 2015 ranking

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