5 Best Places to Retire in Ontario

2. Waterloo

Insider Monkey Score: 15.52

Livability Score: 93

Median Home Price: CAD$ 558,000

IM Cost of Living: 108.3

The city of Waterloo is home to two of the most highly ranked universities in Canada, which allows it to possess a diverse and youthful energy. In comparison to nearby cities such as Kitchener and Guelph, Waterloo has more affordable home prices, making it one of the best places to retire in Ontario on a budget. Moreover, its proximity to Kitchener allows seniors to revel in some of Canada’s most fulfilling cultural festivals, whilst still being able to enjoy the tranquility of a small-city retirement.