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.