New World Wealth’s (NWW) 2018 Global Wealth Migration Review (which ranks the collective wealth of individuals in the city with net assets of $100,000 USD or more), ranked Toronto as the 13th wealthiest city on the planet. According to the South African based market research firm which specializes in tracking the wealth migrations of over 150,000 high-net worth individuals (HNWIs) worldwide, an estimated USD $944 billion in total wealth is held in the city of Toronto. Total wealth is defined as including all of the individual’s assets (property, cash, equities, business interests) less any liabilities and excluding any government funds.
NWW believes wealth to be a far better measure of the financial health on an economy than GDP, which, among other factors, can count items multiple times, disregards income levels in a country, and ignores the efficiency of the local stock market in retaining wealth in a country. Canada performed well overall in 2017, ranking as the 8th wealthiest country worldwide, an increase of 11% from 2016 to 2017 and boosted by steady HNWI migration into Vancouver, Toronto, Calgary, and Montréal. Toronto is the only Canadian city to have made the top 15 wealthiest cities list, illustrating the continuing demand for luxury product such as Greybrook’s Avenue & Park and Scollard developments.
Read the full 2018 Global Wealth Migration Review from New World Wealth here.
Alex Nisenker, Vice President of the Private Capital Markets Group at Greybrook, recently appeared on The Well Off Podcast, one of Canada’s go-to shows for real estate investors looking to build and scale their portfolios. Hosted by Ontario investor and…
Governments have introduced a meaningful package of housing incentives — but the real question is whether they are enough to unlock pent-up demand and development, or if the market resets at a new equilibrium. Recent measures, including Ontario’s HST holiday,…
We’re pleased to share the strong market response to Château 9, one of our latest active townhome communities in partnership with Treasure Hill. This past weekend’s launch event brought together prospective homeowners and the broker community for a firsthand look at the…
After more than a decade of investing in and managing multifamily assets across multiple market cycles in Canada and the U.S., our team has built deep in-house expertise and experience spanning ground-up development through to operational management and value creation.…
Markets are evolving, and Greybrook is responding with discipline and focus. In our first Boardroom Brief episode of the year, Alex Nisenker sits down with Greybrook CEOs Sasha Cucuz and Peter Politis to discuss how we are positioning our platform…
Greybrook is pleased to announce the launch of its U.S. Multifamily Income & Growth Fund — an open-ended private real estate fund designed to provide investors with exposure to well-located, affordable, and attractively priced Class B multifamily assets across high-growth…
Greybrook recently hosted its 2026 town hall event, bringing the entire team together to reflect on the progress we’ve made, celebrate the people driving our success, and share a clear vision for the next phase of growth. This year’s gathering focused on the strength of our foundation…
As we continue to strengthen our foundation and build from a position of discipline and focus, we are proud to recognize the individuals who are helping drive that progress forward. We’re pleased to celebrate well-earned promotions across our team, honoring the dedication,…
With development activity slowing and capital becoming increasingly selective in today’s market, it’s more important than ever to sit down, cut through the noise, and have an honest conversation about what’s really happening on the ground. Last weekend, Greybrook Securities…
At Greybrook, 2025 was a year defined by leadership, perspective, and purposeful progress. Throughout the year, we remained at the forefront of industry conversations, helping to shape dialogue across the real estate and housing development landscape while continuing to execute…
