If you're looking for a gift for the quirky collector in your life, look no further than Magic Pony. They have a variety of designer toys, locally designed jewellry, art books and graphic novels, and screen printed t-shirts to choose from. My mom collects tiny designer chairs, and this is where I go to get them. The rear of the store is also a gallery where local artists are showcased. The work is also available for purchase; I have my eye on the slipcast porcelain owl lamp by Coe & Waito.
I don't want to grow up, I'm a Toys R Us Kid. Seriously though, I still go once in a while, for old time's sake, and there's something for everyone in there, no matter your age.

it's birthday party central. they've got lots of staff who know their stuff and can recommend gifts for kids of all ages at just about any price range.
great gift wrapping service is included in the price and a points system that rewards you with money off when you get to a certain amount.
Funky fun things - you'll always be able to find a perfect gift here that no one else will get for someone (unless they shop here too!)
They stock cool Japanese imported Nintendo and Star Wars stuff!
Great Selection, toys for the kids to play with while shopping and they always have a good selection of Webkinz!
It's a hip little toy store off the beaten path in Stouffville just north of Markham. You can always find new things that the big boxes don't carry.

it's a really fun shop/gallery with toys, trinkets & art.
Impressive selection of toys that you won't find elsewhere - all with an educational value. Free gift wrapping and fairly close to Lawrence subway station.
High quality toys with an educational bent. Great for baby showers or birthday gifts.