12 Best Places to Retire in BC (British Columbia) on a Budget

1. Parksville

Insider Monkey Score: 10.06

Livability Score: 81

Median Home Price: $719K

IM Cost of Living: 99.0

Parksville is home to a large retirement community, leading to it being dubbed as the retirement capital of British Columbia. It features many spectacular beaches towards the Strait of Georgia, whilst also being close to incredibly picturesque parks such as the Rathtrevor Beach Provincial Park. The swimming hole at Top Bridge Regional Park is a natural pool that draws visitors from all over the island and is just one of the many excursions retirees can enjoy here.

The median home price in Parksville is $719K, which is far lower than the provincial average. Moreover, the city is home to many retirement communities, meaning that even those unable to afford their own homes can find rental options in retirement homes. Furthermore, Parksville is home to the Oceanside Health Centre, meaning that retirees keen on having access to urgent medical care can be well taken care of.

Although Parksville offers the best blend of affordability and quality of living, there are other towns and cities in British Columbia that offer a less expensive cost of living and housing.

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