This article takes a look at the 5 best places to retire in Canada. If you wish to check out our detailed analysis of how Canada’s housing crisis is crushing retirement dreams, you may go to the 21 Best Places to Retire in Canada.
5. Canmore, Alberta
Insider Monkey Score: 21
Median Home Sale Price: $1.13 million
Average rent: $1,585
Weather: Average Temp – Summer: 23°C/Winter: -4°C
Tucked in the Canadian Rockies, Canmore is a nice place to retire for the affluent. Housing prices are high here, and usually, nature enthusiasts prefer to live in this town. There is much to do here as well, such as hiking, skiing, cycling, playing tennis, and more.
4. Calgary, Alberta
Insider Monkey Score: 22
Median Home Sale Price: $635,000
Average rent: $1,718
Weather: Average Temp – Summer: 21°C/Winter: -2°C
Retirees who wish for a slow-paced lifestyle amidst modern amenities and efficient public transportation can settle in Calgary, Alberta. Positioned near the Canadian Rockies, its prime location makes it an exceptional starting point for exploring this vacation destination.
3. Quebec City, Quebec
Insider Monkey Score: 23
Median Home Sale Price: $430,000
Average rent: $1,397
Weather: Average Temp – Summer: 25°C/Winter: -4°C
Known as the heart of French-speaking Canada, retirees in Quebec get to enjoy its distinctive European charm and Francophone culture. There are lots of recreational and sports facilities to enjoy, world-class museums and restaurants, galleries, and even parks and trails. Moreover, its scenic location along the St. Lawrence River makes it an aesthetically pleasing location to retire to.
2. Vancouver, British Columbia
Insider Monkey Score: 23
Median Home Sale Price: $1.6 million
Average rent: $2,737
Weather: Average Temp – Summer: 22°C/Winter: 8°C
Judging by the numbers, Vancouver isn’t the go-to place for retirees on a budget. The climate here is warmer than other areas in Canada, and the natural beauty is unrivaled. Sitting between the Pacific Ocean and coastal mountains, the affluent retiree enjoys the dynamic cultural scene, world-class dining, and excellent healthcare.
1. Victoria, British Columbia
Insider Monkey Score: 24
Median Home Sale Price: $749,360
Average rent: $2,000
Weather: Average Temp – Summer: 20°C/Winter 10°C
Sitting on the Southern tip of Vancouver Island, Victoria is a good place to retire in British Columbia because of its high quality of life. The city boasts a commendable healthcare system, with 3.77 doctors per 1000 people. Its coastal location offers retirees access to rejuvenating sea air, while the temperate climate promotes a pleasant environment almost year-round.
Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also take a peek at 25 Best Cities Where You Can Retire On $3,000 A Month and 25 Cheapest and Safest Places to Live in The World.
