Best Neighbourhoods in Canada | Where to Live & Invest

Canada is home to some of the most liveable and sought-after neighbourhoods, where safety, community, and convenience define the standard of living. It offers a variety of high-quality neighbourhoods catering to different lifestyles as per your liking. Some of the wealthiest neighbourhoods in Canada, such as Bridle Path in Toronto and Shaughnessy in Vancouver, are known for their stunning multimillion-dollar estates, private clubs, and a high concentration of influential residents. But beyond wealth, these areas consistently rank among the best places to live in Canada due to their low crime rates, excellent infrastructure, and access to top-tier amenities.

For those prioritising livability over luxury, cities like Ottawa and Quebec City offer some of the safest and most well-planned neighbourhoods, with a perfect mix of green spaces, cultural hubs, and strong local economies. In fact, Oakville, Ontario, has consistently ranked as one of Canada’s most livable cities, boasting an unemployment rate lower than the national average. So, if you’re looking for a neighbourhood that doesn’t just look good on paper but feels right, this guide takes you through Canada’s most prestigious and well-balanced places to live.

Table of Contents

Westmount, Montreal, Quebec

Why is it the Best Place to Live?

Westmount is one of the best neighbourhoods in Canada for its historic charm, green spaces, and top-tier educational institutions. The surroundings offer a peaceful environment with close proximity to downtown Montreal, making it ideal for families and professionals seeking urban convenience.

Average Cost of Living

- Average Home Price: Approximately $2.5 million
- Monthly Rent (Luxury Apartments): $4,000 – $8,000
- Overall Cost of Living: Significantly higher than the Montreal average, reflecting its upscale nature.

What Makes It Stand Out?

- Historic Architecture: Features Victorian-era mansions and well-preserved heritage homes.
- Green Spaces: Home to Westmount Park and Summit Woods, offering ample recreational opportunities.
- Educational Excellence: Hosts prestigious schools such as Selwyn House and The Study.
- Community Amenities: Offers exclusive boutiques, gourmet restaurants, and private clubs.

Kerrisdale, Vancouver, British Columbia

Why is it the Best Place to Live?

Kerrisdale combines a village-like atmosphere with urban sophistication. Known for its boutique shopping, reputable schools, and community-oriented vibe, it attracts families and individuals seeking a balanced lifestyle.

Average Cost of Living

- Average Home Price: Around $3 million
- Monthly Rent (Luxury Homes): $5,000 – $10,000
- Overall Cost of Living: Above Vancouver’s average, commensurate with its desirable amenities.

What Makes It Stand Out?

- Charming Shopping District: Features unique boutiques, cafes, and speciality stores along West 41st Avenue.
- Educational Institutions: Proximity to top-rated schools like Point Grey Secondary and Magee Secondary.
- Community Engagement: Active local events and farmers’ markets foster a strong sense of community.
- Accessibility: Well-connected to downtown Vancouver and the airport, enhancing convenience.

Bridle Path, Toronto, Ontario

Why is it the Best Place to Live?

Known as “Millionaires’ Row,” Bridle Path is synonymous with luxury and exclusivity. This is considered one of the best places to live in Canada, offering expansive estates, privacy, and proximity to downtown Toronto. A perfect prime location for affluent individuals seeking peace without sacrificing urban amenities.

Average Cost of Living

- Average Home Price: Approximately $2.24 million
- Monthly Rent (Luxury Properties): $10,000+
- Overall Cost of Living: Significantly higher than Toronto’s average, reflecting its upscale nature.

What Makes It Stand Out?

- Privacy and Security: Large lots and gated properties ensure seclusion.
- Proximity to Nature: Adjacent to Edwards Gardens and Toronto Botanical Garden.
- Elite Community: Home to celebrities, business magnates, and dignitaries.
- Architectural Grandeur: Features custom-built mansions with world-class designs.

Oakville, Ontario

Why is it the Best Place to Live?

Oakville is celebrated for its stunning waterfront views, welcoming environment, and proximity to Toronto. The town offers urban amenities and suburban facilities, making it ideal for families and professionals. With top-rated schools, diverse dining options, and extensive recreational facilities, Oakville provides a high quality of life.

Average Cost of Living

- Average Home Price: Approximately $1,276,305
- Monthly Rent (1-Bedroom Apartment): Around $2,267
- Overall Cost of Living: Approximately 14% higher than the national average

What Makes It Stand Out?

- Proximity to Toronto: A short commute to the city, offering access to urban employment and entertainment.
- Educational Excellence: Home to renowned institutions and high-performing public schools.
- Scenic Waterfronts: Beautiful harbours, parks, and walking trails along Lake Ontario.
- Community Engagement: Regular cultural events, farmers’ markets, and festivals foster a strong sense of community.

The Glebe, Ottawa, Ontario

Why is it the Best Place to Live?

The Glebe is one of Ottawa’s most charming neighbourhoods. It is known for its historic homes, exciting local businesses, and close-knit community. Its tree-lined streets and proximity to downtown make it desirable for those seeking a balance of peace and accessibility.

Average Cost of Living

Average Home Price: $1,551,815
Monthly Rent (1-Bedroom Apartment): Approximately $2,077
Overall Cost of Living: Higher than Ottawa’s average, reflecting its desirable location and amenities.

What Makes It Stand Out?

Commercial District: Boutiques, cafes, and restaurants along Bank Street.
Proximity to Downtown: Easy access to Ottawa’s core and major attractions.
Community Events: Hosts the annual Great Glebe Garage Sale and various festivals.
Recreational Spaces: Close to the Rideau Canal, offering activities like skating in winter and boating in summer.

Shaughnessy, Vancouver, British Columbia

Why is it the Best Place to Live?

Shaughnessy is one of Vancouver’s most prestigious neighbourhoods. It is known for its historic mansions, tree-lined streets, and central location. Residents enjoy a peaceful environment with easy access to downtown Vancouver, making it ideal for those seeking luxury and convenience.

Average Cost of Living

Average Home Price: Approximately $3.09 million
Monthly Rent (Luxury Homes): $8,000 – $15,000
Overall Cost of Living: Among the highest in Vancouver due to premium real estate and amenities.

What Makes It Stand Out?

Historic Charm: Features early 20th-century architecture and heritage homes.
Green Neighbourhood: Abundance of parks and green spaces, including the VanDusen Botanical Garden.
Proximity to Top Schools: Near prestigious institutions like York House School and Little Flower Academy.
Central Location: Short drive to downtown Vancouver, shopping districts, and cultural centres.

Mount Royal, Calgary, Alberta

Why is it the Best Place to Live?

Mount Royal is a historic neighbourhood in Calgary, which is considered one of the richest neighbourhoods in Canada. It offers luxury, quiet, and proximity to the city’s core. Known for its stately homes and mature trees, it provides an exclusive residential experience.

Average Cost of Living

Average Home Price: Approximately $1.22 million
Monthly Rent (Luxury Properties): $5,000 – $10,000
Overall Cost of Living: Higher than Calgary’s average, reflecting its upscale status.

What Makes It Stand Out?

Architectural Elegance: Showcases a mix of historic and modern luxury homes.
Proximity to Downtown: Minutes away from Calgary’s business district and cultural venues.
Exclusive Community: Home to prominent figures and offers a tight-knit community feel.
Green Spaces: Abundant parks and close to the Elbow River pathways.

West Vancouver, British Columbia

Why is it the Best Place to Live?

Another of the best places to live in Canada is West Vancouver. It is renowned for its breathtaking ocean views, luxurious properties, and proximity to both urban amenities and natural landscapes. This affluent community offers a serene environment with top-rated schools, making it ideal for families and professionals seeking an upscale lifestyle.

Average Cost of Living

Average Home Price: Approximately $2.8 million
Overall Cost of Living: Significantly higher than the national average, reflecting its exclusive real estate market and high household net worth.

What Makes It Stand Out?

Scenic Beauty: Offers stunning views of the Pacific Ocean and the North Shore Mountains.
Recreational Opportunities: Proximity to ski resorts, hiking trails, and beaches makes it one of the richest neighbourhoods in Canada.
Elite Education: Home to top-performing schools and close to prestigious private institutions.
Exclusive Community: Known for its high household net worth and luxurious lifestyle.

Lawrence Park, Toronto, Ontario

Why is it the Best Place to Live?

Lawrence Park is one of Toronto’s first planned garden suburbs, blending historic charm and modern luxury. The neighbourhood is characterised by its lush parks, top-tier schools, and a strong sense of community, making it a desirable location for families and professionals.

Average Cost of Living

Average Home Price: Approximately $2.8 million
Overall Cost of Living: Higher than the Toronto average due to premium real estate and amenities.

What Makes It Stand Out?

Historic Elegance: Features early 20th-century architecture and well-preserved homes.
Green Spaces: Abundance of parks and recreational facilities.
Educational Excellence: Proximity to reputable public and private schools.
Community Atmosphere: Active local associations fostering a close-knit community.

Sunnyside & Edgehill, Westmount, Montreal, Quebec

Why is it the Best Place to Live?

Sunnyside and Edgehill are among Montreal’s wealthiest neighbourhoods in Canada, known for their luxurious homes and proximity to downtown. Residents enjoy modern amenities, with easy access to cultural institutions, fine dining, and exclusive shopping. The elevated area offers stunning views of the city and the St. Lawrence River.

Average Cost of Living

Average Home Price: Approximately $2.49 million
Average Household Income: Around $503,935
Overall Cost of Living: Significantly higher than Montreal’s average, reflecting its upscale nature.

What Makes It Stand Out?

Architectural Elegance: Features a mix of historic mansions and contemporary luxury homes.
Proximity to Downtown: Minutes away from Montreal’s business and cultural centres.
Exclusive Amenities: Access to private clubs, gourmet restaurants, and high-end boutiques.
Scenic Views: Elevated terrain provides panoramic vistas of the cityscape and river.

York Mills-Windfields, Toronto, Ontario

Why is it the Best Place to Live?

York Mills-Windfields is a prestigious and best place to live in Canada. The neighbourhood in Toronto is characterised by its expansive lots, luxurious homes, and greenery. The area offers a suburban feel while being conveniently close to the city’s core. Residents benefit from top-rated schools, exclusive clubs, and a strong sense of community.

Average Cost of Living

Average Home Price: Approximately $2.3 million
Average Household Income: Around $1.21 million
Overall Cost of Living: Notably higher than Toronto’s average due to premium real estate and amenities.

What Makes It Stand Out?

Spacious Properties: Large lots with beautifully landscaped gardens.
Educational Excellence: Proximity to esteemed schools and educational institutions.
Recreational Facilities: Access to elite golf and country clubs.
Serene Environment: Quiet streets lined with mature trees offer a peaceful ambience.

Forest Hill South & Upper Canada College, Toronto, Ontario

Why is it the Best Place to Live?

Forest Hill South is one of Toronto’s most refined neighbourhoods, known for its tree-lined streets, grand estates, and access to top-tier educational institutions. The neighbourhood offers modern conveniences packed in historic architecture, making it ideal for families, professionals, and those who appreciate a high standard of living. The presence of Upper Canada College, one of Canada’s most prestigious private schools, further elevates its desirability.

Average Cost of Living

Average Home Price: Approximately $2.3 million
Average Household Income: Around $1.21 million
Overall Cost of Living: 30-40% higher than the Toronto average.

What Makes It Stand Out?

Elite Educational Institutions: Proximity to Upper Canada College and Bishop Strachan School makes it a top choice for families prioritising premium education.
Unmatched Green Spaces: Surrounded by parks and quiet streets, it offers a peaceful escape from Toronto.
Cultural and Recreational Offerings: Upscale shopping, fine dining, and exclusive clubs make it a hub for sophisticated urban living.
High Investment Value: Property values have consistently appreciated, making it a solid choice for long-term real estate investment.

Conclusion: Finding Your Ideal Neighbourhood in Canada

Choosing the best place to live in Canada is about finding a home that aligns with your lifestyle, aspirations, and needs. Above, we have listed some of the most liveable cities in Canada. You can refer to the list if you are seeking the richest neighbourhoods in Canada or the best neighbourhoods in Canada. Each neighbourhood stands out not just for its exclusivity but also for its unparalleled quality of life. They feature top-tier education, cultural influence, scenic beauty, and a strong sense of community. As cities evolve and property values rise, investing in a high-calibre neighbourhood is more than just a lifestyle choice; it’s a long-term advantage.

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Frequently Asked Questions (FAQs)

What is the richest part of Canada?

Some of the top richest neighbourhoods in Canada include West Vancouver, British Columbia, known for its high household incomes, luxury real estate, and stunning waterfront properties.

What is the most livable place in Canada?

Oakville, Ontario, is often ranked as the most livable place in Canada due to its excellent schools, low crime rates, green spaces, and strong community feel.