If the first-class lounges at Pearson are looking morecrowded these days, it’s not just the flow of recently-traded Leafs’ players making their way out of town. In its annual Wealth Report, real estate consultancy Knight Frank ranks Toronto among the most appealing cities for the world’s mega-rich.
The report puts Toronto at No. 12, behind predictable leaders London and New York, but ahead of major capitals such as Berlin and Washington D.C.
““Follow the money” was the sage advice from the Watergate mole, and
it holds true at the top of our rankings,” says the report, which tracks numbers of ultra-high net worth individuals (UHNWI) that choose to live in each city.
The UHNWI (and yes, this is a real term) are folks with net worth of at least $30 million, says Knight Frank. These are the people who wander through a 14-room mansion in Rosedale shaking their heads at the lack of space and shabby surroundings.
Evidently 1,216 of these folks are parking their limos in Toronto right now,Read More »from Hey Toronto, really rich people really like you!