These are the Toronto Neighbourhoods That Have the Most Luxury Homes
As real estate prices in Toronto continue to skyrocket and the city contemplates implementing a luxury home tax, new data has been released to indicate which areas, exactly, have the most expensive houses.
The city released a report last week that examines the potential effects of increasing land transfer taxes for homes worth more than a certain amount, and also includes a handy chart breaking down how many luxury homes were in each ward of the city.
The thresholds used were $1.4 million or more — which is actually less than the average price of a detached home in Toronto — as well as $2 million or more.
