The real estate market in Toronto neighbourhoods can be very competitive. Some Toronto neighbourhoods boast some of the most expensive real estate in Canada, with homes often selling in the millions of dollars.

Keep reading for details on the most expensive neighbourhoods in Toronto, as well as information on the types of families that live in Toronto’s most affluent areas.

The average household income in Toronto is $78,373, which is required in a city with a high cost of living. According to experts, the typical Torontonian needs to earn at least $22.08 per hour in order to comfortably live in the city. However, living in some of the more wealthy areas often requires much more income.

READ MORE