What Are the Most Expensive Neighbourhoods in Toronto?
Toronto is one of the most expensive cities in the country to buy property, second only to Vancouver. While the city’s overall average home price sits at $1,017,7961, certain neighbourhoods are on a completely different level. Whether you’re a buyer exploring Toronto’s luxury market or you’re just curious about where the city’s wealthiest residents live, here’s a look at the most expensive neighbourhoods in Toronto right now, based on REMAX agents’ experience and current list prices.
Key Takeaways
- Toronto’s most expensive neighbourhoods span a wide range of lifestyles, from the grand private estates of The Bridle Path to the urban luxury condominiums of Yorkville.
- Even in Toronto’s wealthiest neighbourhoods, properties are available across a broad price range. Entry-level condos in areas like Yonge & St. Clair and Yorkville start well under $500,000.
- Luxury home prices in Toronto tend to be more insulated from broader market fluctuations than the overall average, making these neighbourhoods historically resilient investments.
- Prestige, privacy, school access, and proximity to green space are the primary drivers of premium pricing in Toronto’s most expensive neighbourhoods.
- Working with a REMAX agent who has deep local knowledge of a specific neighbourhood is essential, as pricing can vary significantly from one street to the next within the same area.
Expensive Neighbourhoods in Toronto
Bridle Path – Sunnybrook – York Mills
Bridle Path–Sunnybrook–York Mills ranks at the top of the wealthiest neighbourhoods in Toronto. Home to celebrities, tech entrepreneurs, major league athletes, and business executives, this area offers privacy and seclusion with easy access to the busier parts of the city.
In April 2026*, the least expensive property on real estate platforms in this neighbourhood is $880,000 for a 1+1-bedroom 2 bath condo, whereas the highest price is $49,950,000 for a 7+2 bedroom 13 bathroom home on High Point Road.
Rosedale – Moore Park
Rosedale is one of Toronto’s most affluent neighbourhoods, known for the old money that has lived there for generations. With winding tree-lined streets located within walking distance from the bustling intersection of Bloor and Yonge, you get the best of both worlds in Rosedale-Moore Park.
Home prices range from $439,000 for a 1-bedroom 1-bath condo to $17,950,000 for a 6-bedroom 6-bath home on Thornwood Rd., per listings on Canadian real estate platforms in April 2026*.
Forest Hill
Forest Hill, particularly Forest Hill South, is another one of the rich neighbourhoods in Toronto. Home of some of Toronto’s best schools, including Bishop Strachan School and Upper Canada College, many families have been in this area of the city for generations. Offering a wide range of housing options from luxury condominiums to bungalows to stately manor homes, all within easy access of major transit lines and the downtown core, Forest Hill is regarded by most as one of the best neighbourhoods in Toronto.
Home prices in Forest Hill range from $439,000 for a 2-bedroom 1 bath condo to $22,995,000 for a 6 + 1 bedroom 9 bath home in Forest Hill South, according to listings on real estate websites in April 2026*.
Yorkville
For more of an urban feel, Yorkville features high-rise condos and luxury penthouses within easy walking distance of some of the most expensive shopping in the city, top-rated restaurants, art galleries, the University of Toronto, the Royal Conservatory of Music, and other important cultural sites. Yorkville is also one of the safest neighbourhoods in Toronto to stroll around and window shop.
Properties in Yorkville listed on Canadian real estate platforms in April 2026* ranged from $355,000 for a studio-size condo to $23,500,000 for a 3 + 1 bedroom 4 bathroom luxury condominium on Cumberland St. Whereas the majority of the properties available in Yorkville are condominiums, some single-family homes fall within Yorkville boundaries. These properties include a $2,249,000 3-bedroom 3-bathroom home on Bishop St. and an $8,580,000 home on Hazelton Ave.
York Mills
Although not strictly a neighbourhood, the York Mills area comprises some of the wealthiest neighbourhoods in Toronto. Located slightly farther north than the other areas on this list, York Mills has a slightly more suburban feel while maintaining a prestigious atmosphere and still being within easy reach of the more urban areas of the city.
Listings for homes in York Mills on real estate websites in April 2026* ranged from $650,000 for a condominium townhome to $18,000,000 for a 5 + 1 bedroom 11 bath home on Old Colony Rd.
Lawrence Park
Bordered by Yonge St. and Bayview Ave. on the West and East, Lawrence Ave. to the north, and Blythwood Ravine Park to the South, the Lawrence Park neighbourhood is centrally located adjacent to Toronto’s expansive parks system. Regarded as one of the wealthiest neighbourhoods in Toronto, this area is home to families who have lived there for generations, along with some rich and famous residents like Roberta Bondar, Canada’s first female astronaut2.
Home prices in Lawrence Park range from $569,000 for a 1 bedroom 1 bath condo to $10,880,000 for a 6 + 1 bed 7 bath single family home on Glen Grove Crescent, per listings on real estate platforms in April 2026*.
Yonge & St. Clair
The area surrounding the intersection at Yonge and St. Clair offers one of the best combinations of quiet residential living and modern amenities you’ll find anywhere in the city. Although it’s one of the wealthiest neighbourhoods in Toronto, it’s also located right on the subway line and is close to a great mix of boutiques, restaurants and cafes while being walking distance from the major retailers and chain dining options at Yonge and Eglinton.
Why Are Homes in These Neighbourhoods Expensive?
The most expensive neighbourhoods in Toronto are partly priced based on objective factors such as lot size, school access, proximity to green spaces, and street configurations that force traffic to slow down, but prestige also plays a big role. In addition, luxury home prices tend to be less responsive to economic pressures, meaning that prices are less dependent on interest rates and whether it’s a buyer’s market or a seller’s market.
That said, according to REMAX agents, each neighbourhood has properties available in a wide range of prices. If you’re interested in living in one of these desirable areas, you won’t necessarily be priced out of the market. Work with a REMAX agent who knows the area intimately to find the property that’s right for you.
FAQ About Toronto Neighbourhoods
What Is the Most Expensive Neighbourhood in Toronto?
Bridle Path–Sunnybrook–York Mills is consistently regarded as Toronto’s most expensive neighbourhood. As of April 2026*, listings in the area range from under $1 million for a condo unit to nearly $50 million for a luxury estate, making it the city’s most exclusive residential address.
Are There Affordable Options in Toronto’s Most Expensive Neighbourhoods?
Yes. Most of the neighbourhoods on this list include condominium units that are significantly more accessible than the detached homes they’re known for. In Yonge & St. Clair, for example, one-bedroom condos are listed from $349,000, and studio units in Yorkville start around $355,000. A REMAX agent can help you identify what’s available within your budget in the area you’re interested in.
What Makes a Toronto Neighbourhood Expensive?
A combination of objective and subjective factors drives pricing in Toronto’s most affluent areas. Lot size, architectural heritage, proximity to ravines and parks, and access to top-ranked private schools all play a role, but so does prestige. Neighbourhoods like Rosedale and Lawrence Park carry a historical flavour that drives pricing beyond square footage, proximity to amenities, etc.
References and Notes
1 https://trreb.ca/market-data/market-watch/
2 https://madeinca.ca/richest-neighbourhoods-in-toronto/#:~:text=1.,Path%20and%20cost%20$45%20million.
*Property values are list prices, as of April 12, 2026, not sale prices. Actual sale value realized could be higher or lower.
