Caledonia-Fairbank and the larger Fairbank neighbourhood began at the Fairbank Postal Village at the intersection of Vaughan Road at Eglinton and Dufferin Street. The postal village name was derived from the Fairbank Farm owned by English settler Matthew Parsons. Most of the neighbourhood as it exists today was planned in the interwar years (1920s & 1930s) with mostly small single family 2 and 1½ storey detached homes on north-south residential streets.