Wealthiest Neighborhood?

[King of Kensington]

Ten wealthiest census tract by median housing value, 1960:

1. South Hill $37,500+
South Rosedale $37,500+
Forest Hill (east of Spadina) $37,500+
Forest Hill (west of Spadina) $37,500+
Bridle Path/Post Rd. $37,500+
Hogg's Hollow $37,500+
7. Lytton Park (west of Avenue Rd.) $35,483
8. Blythwood/Glendon $32,961
9. York Mills (east of Bayview) $32,526
10. North Rosedale $32,418

 

[King of Kensington]

Top 10 tracts for median family income based on 2010 CRA data (not the problematic NHS):

1. Tract 86 (North Rosedale) $329,450
2. Tract 140 (Glencairn and Mona Dr. area) $309,150
3. Tract 265 (Bayview and Blythwood Rd. area) $277,380
4. Tract 138 (Lawrence Park) $261,760
5. Tract 125 (Moore Park) $255,040
6. Tract 266 (Hogg's Hollow) $248,230
7. Tract 130 (Forest Hill) $240,110
8. Tract 264 (Bridle Path area) $213,140
9. Tract 229 (The Kingsway) $211,190
10. Tract 121 (Farnham Ave. area) $205,750

http://www.patrickcain.ca/?p=1964

 

[hawc]

^^^ This makes no sense.

Bridal Path incomes are lower than Glencarin? Forest Hill is below Blythwood?

 

[King of Kensington]

These are MEDIAN family incomes: half are above, half are below. It doesn't matter if there's more billionaires in Forest Hill than Glencairn.

Also some tracts are more heterogeneous than others. For instance Forest Hill does include such fancy streets such as Dunvegan Rd. but also apartments along Lonsdale as well as houses north of Chaplin Cres. which really feel more like "Chaplin Estates" than what we think of as "Forest Hill." The Glencairn and Blythwood tracts are much more homogeneous, pretty much entirely made up of large SFHs and have practically no renters.

 

[James]

Interestingly though, the Bridle Path neighborhood (census tract 264) goes from the southeast corner of Bayview & York Mills down through the 3 main Bridle Path streets and down into Glenorchy. There are essentially zero apartments, save for probably just the uber expensive condos at 1 Post Road, in this tract. The homes are all single family detached homes, ranging from huge to massive. I'm surprised of the $213,400 median household income figure for census tract 264 as well.

 

[junctionist]

The mansions catch your eye in the Bridle Path, but it has its share of relatively modest suburban homes too. Those houses are now worth millions, but in many cases the owners probably bought them when real estate was cheaper. I expect that the median household income will continue to rise as new money arrives in the neighbourhood with the salaries to pay contemporary prices. There will be more mansions.

 

[King of Kensington]

The median family income actually declined between 2000 and 2010 in that tract.

 

[junctionist]

That was probably because of the condos. The residents who bought into the area earlier might also be retiring.

 

[King of Kensington]

And how many people actually live in the huge houses (very low population density - a 15,000 square foot house may consist of a very rich couple and their butler) compared to the more "modest" (sic.) parts of the tract?

 

[King of Kensington]

Median family income: reported NHS as a percentage of CRA for selected tracts:

Tract 86 77%
Tract 140 77%
Tract 265 95%
Tract 138 108%
Tract 125 85%
Tract 266 99%
Tract 130 66%
Tract 264 83%

 

[King of Kensington]

Looking through the 2006 census (last census with such detailed information available), I see that Tract 264 has a lot of people with medical degrees (MD, DDS, etc.). But many of the people were 55+ at the time, so many must have retired since then. I believe the tract also has a bigger senior population than others.

Besides the tract that includes the Discovery District (and these are mostly interns, not established middle aged and older doctors), all the tracts with the highest percentage of doctors and dentists are in York Mills. Rosedale and Lawrence Park seem more skewed towards lawyers, while Forest Hill has more of a mix of both.

 

[King of Kensington]

Average income at the dissemination area level (sub-census tract), 2006 census. 3 highest were:

DA 2879 (Tract 87) - Chestnut Park, Rosedale - $471,740
DA 2630 (Tract 264) - High Point Rd., Bridle Path - $442,008
DA 2933 (Tract 130) - Frybrook Rd., Forest Hill - $406,874

http://www12.statcan.gc.ca/census-r.../03200401/1514/535/03200401535-02-0087.00.pdf

http://www12.statcan.gc.ca/census-r.../03200401/1514/535/03200401535-02-0130.00.pdf

http://www12.statcan.gc.ca/census-r.../03200401/1514/535/03200401535-02-0264.00.pdf

Obviously this is suggestive, given the small sample size at the DA level.

 

[DarnDirtyApe]

I'm assuming that Statcan doesn't separate out retired households? It seems like that would really skew the statistics and seems like a pretty major oversight...

 

[nfitz]

I'm assuming that Statcan doesn't separate out retired households? It seems like that would really skew the statistics and seems like a pretty major oversight...

If you dig deeper in to the available data, that information exists. Not sure how much it costs to obtain from Stats Canada.

 

[DarnDirtyApe]

Really I just want to know if I make more than my neighbours, and all of these seniors are mucking up the comparison.