Where do you live in The Six? Are you residing in Scarborough? Are you living out the Canadian Dream in Leaside? What about the gentrified Parkdale? So many Toronto neighbourhood choices, so little cash!

Like any other major city, Toronto also has its fair share of rich neighbourhoods. These neighbourhoods offer multimillion-dollar mansions in idyllic natural settings that come with exclusive amenities and luxuries. Living in the richest Toronto neighbourhoods can be extremely blissful, but only for those who can afford it.

Here is a list of the top eight richest neighbourhoods in Toronto:

1. Forest Hills Neighbourhood ($2.3 million homes)

Forest Hills is considered to be one the prime residential areas for the wealthy in Toronto. This rich Toronto neighbourhood conveys a definite upscale and posh outlook with beautiful landscapes and huge, elegant homes with well-kept, manicured lawns. The neighbourhood also boasts some of the best schools in the country.

The average home costs more than $2.3 million in this neighbourhood and, thus, only the really wealthy can hope to afford a home in this excellent neighbourhood. You will find many prominent entrepreneurs, celebrities, doctors, and lawyers in this highly affluent neighbourhood.

2. York Mills ($3.5 million homes)

York Mills is an old neighbourhood in Toronto. It is considered to be the second richest neighbourhood in Toronto. The prices of homes are hefty, but the people who live here also earn top notch salaries. The average price of a home here is at least $3.5 million.

Real estate prices are so high in this neighbourhood as it enjoys an excellent reputation in terms of safety, has excellent schools, beautiful landscapes, and natural beauty and access to great shopping plazas. The presence of greenery is one of the most distinguishable features of this neighbourhood.

3. Lawrence Park North ($3 million homes)

Lawrence Park North is another wealthy community with homes costing as high as $3 million. Many professionals in this neighbourhood work in Toronto downtown have high-income levels. The allure of Lawrence Park North includes the landscape, huge homes with well-maintained gardens, highly educated people, good schools, excellent shopping malls, and an overall safe and comfortable neighbourhood.

4. Sunnybrook ($2.3 million homes)

Sunnybrook, located near Sunnybrook Hospital is another wealthy neighbourhood in Toronto. This residential area is the biggest draw for lawyers, doctors, and dentists. Most of the people who live here have been in the same residence for decades.

The homes are exceptionally large with huge acreage as average home prices in this neighbourhood are $2.3 million. This is definitely not an area for the middle-class, but those who can afford to live here can enjoy a high quality of life, excellent neighbors and beautiful and elegant homes and landscapes.

5. Bridal Path ($2.5 million homes)

Bridal Path also known as ‘Millionaires Row’ is an exclusive area for some of the richest people in Canada. Located along the Don River Valley, this neighborhood has exquisite landscapes. Homes cost an average of $2.5 million. Residents of this neighborhood are said to have an annual income of at least $1 million. A rich neighborhood for rich people.

6. Kleinburg ($2 million homes)

Kleinburg is located just north of the city, near Vaughan, it is a small community real estate development of only 4,000 residents. Within this pleasant and peaceful setting live some of the richest people in Toronto. Homes here are mega mansions with gardens bigger than a football field. The area is replete with top-notch restaurants, galleries, and boutiques.

If anyone wants to live here, they should be prepared to fork out at least $2 million. Owners here make close to a million dollars a year.

7. Hoggs Hollow ($2 million homes)

Hoggs Hollow is a posh community located a few minutes from downtown Toronto. This community has a charming environment with lots of greenery.

A feature that distinguishes this rich neighborhood in Toronto from other rich neighbourhoods is the fact that homes here have a very traditional look and resemble Tudor, Georgian and Colonial style homes. They are still big homes but are more inclined to have a classic look. Many professionals who work downtown live in this area.

8. Oakville ($1.5 million homes)

Oakville, located just west of Toronto, is another wealthy neighbourhood. Homes here average $1.5-$2 million, but they are huge. The great feature about Oakville is that the majority of properties are new and feature exotic amenities. The area has its own schools which are top rated in the country. Oakville is slightly different from main Toronto neighbourhoods because it is less congested. Traffic isn’t a nightmare which is usually the case with other Toronto areas. The city has an excellent hospital and a modern library and community center.

It is important to remember that richer neighbourhoods might have big homes and beautiful parks, greenery, and landscapes but they also contain residents who pay some of the highest taxes in the country. They may have access to great luxury and may have the highest quality of life, but they are also some of the highest contributors of tax money for the government.

A lot of these neighbourhoods also contribute to major charities and are also actively involved in fund-raising initiatives and other charity events.