Why do you care if downtowners think they are morally superior to start with? Don't suburbanites feel they enjoy a superior lifestyle because they have their large house, deck and yard, not the 575sf "shoeboxes" in the sky?
Downtowners mostly rely on transit, walk to places, consume much less energy, cause less pollution and GHG, and are not chained to their car, why can't they feel good about their lifestyle?
As to financially superior, do some basic research and find how many of Toronto's top 1%, or even top 5% live south of Bloor. The prices in downtown's condos can't start to compare with prices in midtown and north Toronto.