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  1. Wealth
May 9, 2013updated 14 Sep 2016 9:36am

Where do the millionaires live…Toronto has 118,000

By Zahra Al-Kateb

Look around Toronto, because there are some seriously rich people walking (but more likely, flying in private jets or being driven in limos) among us.

So says the London-based wealth consultancy firm WealthInsight, which has found that 28 per cent of Canada’s millionaires live in the city of Toronto.

To be specific, Hogtown is home to 118,000 millionaires, 1,184 multimillionaires (defined as those with net assets of $30 million U.S. or more) and a mere five billionaires. All numbers exclude the worth of their primary residences.

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