A working-class or poor neighborhood, often referred to mockingly; historically a district where poor people lived.
From 'cabbage' (associated with poverty and humble food) plus 'town.' It suggests a place where poor people subsisted largely on cabbage.
'Cabbagetown' was a real neighborhood in Toronto and other cities where Irish and working-class immigrants lived—'cabbage' was cheap and filling, making it a food of poverty and resilience.
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