A man is dead after a stabbing near Hillcrest Village, Toronto police say.

Shortly after 3 p.m., police were called to the area of St. Clair. Ave. W. and Rushton Rd. following reports of an altercation in the area.

They found a man in critical condition and rushed him to hospital, where he was later pronounced dead.

One person is in custody, according to police.

The Toronto police homicide unit is investigating.