Where Is Wealth Concentrated In Canada?
The richest neighbourhoods are concentrated in just 4 cities in Canada: Calgary, Montreal, Vancouver and Toronto. If you are investing in real estate then you have to “follow the money”! These cities concentrate wealth because they are a safe, stable and profitable markets to be invested in – money and jobs attract investment = more money. High household net worth, high household income = high demand from people that can pay for it, which ultimately means higher house prices.
If you are thinking about investing in Canada, reach out and we can discuss how you can invest near some of the best neighbourhoods in the country.
Here are the top neighbourhoods, measured by Average Household Net Worth according to Global News and the most recent data from Canadian Business magazine:
CALGARY, ALBERTA
#15. Britannina - $7,984,224
#16. Upper Mount Royal (North) - $7,720,307
#17. Elbow Park - $7,611,156
#19. Upper Mount Royal (South) - $7,542,402
#20. Roxboro - $7,368,972
MONTREAL, QUEBEC
#8. Summit Park - $10,895,782
#10. Sunnyside & Edgehill - $10,511,187
#11. Lexington Avenue - $10,476,422
#12. Sunnyside Avenue - $9,349,716
#18. King George Park - $7,574,692#
VANCOUVER, BRITISH COLUMBIA
#4. Shaughnessy Heights - $13,811,849
#5. Kerrisdale - $12,850,938
#9. Kerrisdale Park - $10,869,273
#13. Shaughnessy (North) - $9,087,452
#14. Westmount - $8,956,821
TORONTO, ONTARIO
#1. Sunnybrook - $22,709,428
#2. York Mills-Windfields - $20,944,385
#3. Bridle Path - $19,729,09
#6. Forest Hill North - $11,671,220
#7. Forest Hill South & UCC - $11,530,848