Rosedale is an affluent neighbourhood in
Toronto,
Ontario,
Canada, which was formerly the estate of
William Botsford Jarvis, and so named by his wife, granddaughter of
William Dummer Powell, for the
wild roses that grew there in abundance. It is located north of
Downtown Toronto and is one of its oldest suburbs. It is also one of the wealthiest and most highly priced neighbourhoods in
Canada. Rosedale has been ranked the best neighbourhood in Toronto to live by
Toronto Life. It is known as the area where the city's '
Old Money' lives, and is home to some of Canada's richest and most famous citizens, including
Ken Thomson who was the richest man in Canada at the time of his death.