Old money, new money

Toronto keeps its wealth in two very different places. The old money sits north of Bloor in Rosedale and Forest Hill — winding streets, century mansions, ravine lots, and a hush that money has been buying here for a hundred years. Nothing about it is loud, which is rather the point.

The new money went vertical and moved to the water. The condo corridors of CityPlace and the central waterfront are where the city’s next generation of buyers lands: glass towers, amenities, and a walk-everywhere life a fifteen-minute streetcar — and a world — away from Rosedale’s oaks.

The old money settled under the trees; the new money moved to the water — fifteen minutes, and a world, apart.

Neither is “better”; they’re different bets on what a good life looks like. One buys you privacy, land, and permanence; the other buys you convenience, lock-and-leave freedom, and a front-row seat to the lake. Toronto, characteristically, is happy to sell you both.