Tuesday, September 13, 2011

Canada’s richest neighbourhood is not on the West Coast

Toronto's skyline

There are a couple of surprises in the Askmen.com survey of Canada's Top 10 richest neighbourhoods, one of them being the No. 1 slot doesn't belong to the West Coast.

The website ranked neighbourhoods based on average home value and household income. While Vancouver has two neighbourhoods on the list, and Victoria gets one, Toronto, with three entries, apparently is home to Canada's poshest digs.

One of the list's surprises is that Winnipeg - not considered a particularly monied town - squeaks in at No. 10. The aptly named Tuxedo neighbourhood, a well-established area a few minutes from downtown with lakeside views and lots of green, has seen average selling prices jump to $500,000 from $383,000 in six years.

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