TORONTO IS A RICH CITY AND GETTING RICHER!
The Globe and Mail recently reported on the affluence of Toronto. It turns out that Toronto has 182,432 households that earn $200,000 or more per year. This represents 8.4% of the population. Six years ago, it was just 133,877 households for a total of 7% of the population. In Toronto, almost 50,000 more households can be considered affluent. This is enormous progress considering the large number of new immigrants that arrive every year.
Montreal has just 68,226 households that earn $200,000 or more per year, for a total of 4.1% of the population. Vancouver stands at 54,001 for 5.6% of the population.