Five Metro Vancouver neighbourhoods have made it to Canadian Business magazine’s latest rankings of Canada’s wealthiest neighbourhoods.

The highest ranking non-Toronto area is Vancouver’s Shaughnessy Heights at fourth place, followed by a part of Kerrisdale at seventh place. Three other neighbourhoods made it to the list, including Kerrisdale, West Vancouver’s West Bay and Sandy Cove, and Shaughnessy Centre.

The list is based on the average household net worth of a neighbourhood’s residents, and the data used was compiled from Statistics Canada and market intelligence. This also means the neighbourhood parameters were also defined by Statistics Canada.

The list only examines the wealthiest neighbourhoods, which also happen to be some of Canada’s oldest areas.

• SEE ALSO: Canada’s Top 10 neighbourhoods with the most expensive house prices

Canada’s 25 richest neighbourhoods 2014

1. The Bridle Path, Toronto
2. York Mills-Windfields, Toronto
3. Sunnybrook, Toronto
4. Shaughnessy Heights, Vancouver
5. Summit Park, Westmount, Montreal
6. Forest Hill South & UCC, Toronto
7. Kerrisdale, Vancouver
8. Lawrence Park North, Toronto
9. Lexington Avenue, Westmount, Montreal
10. Sunnyside & Edgehill, Westmount, Montreal
11. Kerrisdale Park, Vancouver
12. King George Park, Westmount, Montreal
13. West Bay & Sandy Cove, West Vancouver
14. Shaughnessy Centre, Vancouver
15. Aberdeen & Forden, Westmount, Montreal
16. Britannia, Calgary
17. Bel-Aire & Mayfair, Calgary
18. Eagle Ridge, Calgary
19. Mount Royal, Calgary
20. Roxboro, Calgary
21. South Tuxedo, Winnipeg
22. Tuxedo Park, Winnipeg
23. Old Tuxedo, Winnipeg
24. Heubach Park, Winnipeg
25. Assiniboine Park, Winnipeg

Canada’s Top 10 Highest Income Neighbourhoods

1. Britannia, Calgary

• Average Household Income: $1,452,094
• Average Household Annual Net Worth: $7.02 million

2. Kerrisdale, Vancouver

• Average Household Income: $1,277,431
• Average Household Annual Net Worth: $10.6 million

3. York Mills-Winfields, Toronto

• Average Household Income: $1,212,275
• Average Household Annual Net Worth: $21.6 million

4. West Bay & Sandy Cove, Vancouver

• Average Household Income: $958,352
• Average Household Annual Net Worth: $8.19 million

5. Bridle Path, Toronto

• Average Household Income: $936,137
• Average Household Annual Net Worth: $22.3 million

6. Summit Park, Montreal

• Average Household Income: $906,659
• Average Household Annual Net Worth: $11.0 million

7. Lawrence Park North, Toronto

• Average Household Income: $906,266
• Average Household Annual Net Worth: $10.4 million

8. Aberdeen & Forden, Montreal

• Average Household Income: $850,991
• Average Household Annual Net Worth: $7.75 million

9. Roxboro, Calgary

• Average Household Income: $845,038
• Average Household Annual Net Worth: $6.38 million

10. Kerrisdale Park, Vancouver

• Average Household Income: $831,230
• Average Household Annual Net Worth: $9.26 million

 

Featured Image: Real estate via Shutterstock