Toronto, known for its high cost of living, hosts some of Canada’s priciest neighborhoods. These enclaves are a mix of wealth and exclusivity, drawing the ultra-wealthy into secure, secluded, and prestigious areas. Below are five neighborhoods that dominate the luxury real estate market in Toronto.

Bridle Path

Bridle Path, often referred to as “Billionaire’s Row,” is where luxury hits its peak in Toronto. Average home prices exceed five million dollars, with many properties crossing the twenty-million-dollar mark. The area is defined by sprawling mansions, massive lots, and privacy that appeals to celebrities and high-profile business figures.

Architectural styles here vary, encompassing Georgian, colonial, Tudor, and modern designs. Safety is a key feature, with high-level security being a central appeal. Nearby amenities include York Mills Shopping Plaza and Edwards Gardens, catering to both practical and upscale needs. It is unsurprising that this neighborhood includes some of the most expensive homes for sale in Toronto.

Rosedale

Rosedale ranks among Toronto’s oldest elite neighborhoods, maintaining a sense of exclusivity that dates back to its 19th-century roots. With an average home price of around three and a half million dollars, and some estates climbing past eight million, this enclave stands as a prime example of old-world charm meeting modern luxury.

Its winding streets and preserved ravines offer a tranquil environment that is hard to match within urban Toronto. Lush greenery combined with well-maintained historical properties help Rosedale preserve its original character while also appealing to new wealth seeking high-end residences.

Yorkville

Yorkville carries a reputation for sophistication and luxury, located in one of the city’s prime areas. Properties average around two million dollars, but high-end condos and townhouses can easily surpass five million. What sets Yorkville apart is its high-energy environment, featuring upscale boutiques, gourmet restaurants, and cultural attractions.

Comparable to New York’s Fifth Avenue or London’s Bond Street, the area attracts high-net-worth buyers, including prominent businesspeople and celebrities. While its bohemian history from the 1960s stands as an interesting footnote, most come for its contemporary offerings and its central location in the heart of Toronto.

Lawrence Park

Lawrence Park is one of Toronto’s oldest suburban-style neighborhoods. Developed in the early 1900s as a planned garden enclave, it boasts picturesque streets, a mix of modern and traditional homes, and access to parks and some of the best schools in the city. The average home price here is three million dollars, with marquee properties exceeding seven million.

This neighborhood attracts a mix of professionals, from doctors and lawyers to artists and business heads. High-profile residents over the years have included figures like Roberta Bondar, adding to the area’s appeal and reputation as a home for successful, prominent individuals.

Forest Hill North

Forest Hill North leans heavily into old-style elegance, with its Tudor and Georgian-inspired estates dominating the streets. Situated north of downtown, the area is known for its highly rated schools, exclusive boutiques, and a deep sense of community.

While real estate prices here are not the highest on this list, the area remains desirable with steady demand for multi-million-dollar properties. Forest Hill integrates both luxury and local charm, making it one of the few wealthy neighborhoods in Toronto that still maintains a strong community-oriented vibe.

Toronto’s top neighborhoods showcase extreme wealth and exclusivity. While each offers unique features, they share sky-high property values and a refined appeal that keeps them at the top of Canada’s real estate market. If you can afford it, they are worth exploring for their blend of design, location, and status.