15 Best Places to Retire in Canada on a Budget

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1. Fredericton, New Brunswick

Insider Monkey Score: 16.99

Livability Score: 84

Median Home Price: $422K

Average Rent: $850

IM Cost of Living: 91.1

Fredericton is the capital of New Brunswick, the largest of Canada’s three maritime provinces. The city is located along the Saint John River, thus featuring incredible riverfront real estate and water-based recreation. New Brunswick is considered a treasure trove of wildlife and biodiversity, and Fredericton offers access to some of the best spots to explore the sights and sounds of the province. While there are many parks scattered throughout the city, residents can visit the Killarney Lake Park or the Hyla Park Nature Reserve where they can find animals such as deer, foxes, martens, and otters.

In terms of affordability, Fredericton has the lowest average rent on our list. Moreover, with a cost of living of 9.9% under the national average, living in this city is one of the best ways to conserve your savings during your golden years. In addition, Fredericton is located just over an hour away from Maine, thus offering access to the most scenic destinations in the Northeastern US, Nova Scotia, and Prince Edward Island.

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