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A recent study does by Statistics Canada reports that Canadians are becoming more wealthy, but why you ask? It has a lot to do with the homes they own. The study also found that the average net income of Canadian families was at $243,800.00 in 2012. This was 44.5% higher than the average net income in 2005 and a whopping 80% increase than 1999. We do have to take into account inflation, but that is still a positive increase. Based on the survey though, the largest asset most Canadian families owned was their property, particularly their principal residence. Average value for their principal residence came in around $300,000.00 in 2012, this was an increase of 83.2% from 1999 and a 46.6% increase from 2005. Keeping in mind that these are just median values, it is important statistics in understanding Canadians are today’s assets and real estate. Giving the idea that real estate could be your safest investment yet.
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According to Toronto Life, the top 5 neighborhoods in Toronto are as follows:

1.Rosedale-Moore Park

This neighborhood is right before the downtown core, proving its excellent location. Buyers beware as the average home prices starts at $951,300.00. The crime rate is low and this neighborhood definitely values their privacy. This is an ideal place to live for families who want to stay within the city.
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Great article discussing the Canadian housing market. A must read!

http://business.financialpost.com/2013/08/15/canadas-housing-market-the-one-that-no-one-can-predict/