This neighbourhood has a consistent population, is higher income, and is popular with highly educated people, people in their 20s, people in their 40s, people in their 50s, and people in their 60s. Rosedale was formerly an estate and was named for the wild roses that grew there in abundance. It is also one of the wealthiest and most highly priced neighbourhoods in Canada. Rosedale is built among three ravines, preserved as parkland. Rosedale is full of cul de sacs and convoluted routes through the neighbourhood, which coupled with other physical boundaries (such as the ravines and bridges) leads to low levels of vehicular traffic.