Ever since you have bought your family home, your kids have most probably moved out. Some or most of your views on life and even a large portion of your values might have changed. And as a result, you might be feeling different. So, what’s the best choice for the person that you are now? Enjoy your life to the fullest! Usually, the “best places to retire in Canada” lists are based on statistics and figures. Most of which include real estate prices, property tax rates, crime rates, and climate data. And Cambridge movers have gathered input from people who have retired before you, and found their serenity in some of the best places to retire in Canada! Our list offers some familiar places as well as some out-of-the-way retirement destinations we think you should be informed about.
1. “Heart of the nation’s capital region”: Ottawa, ON
- Population: 934,243
- Lifestyle: vibrant
- The main event: Canadian Tulip Festival, held traditionally in spring, ever since 1952
- Fun fact: The Rideau Canal in Ottawa remains the best-preserved canal with slack water ever built in North America. It is still operational in its original state with a majority of the structures from the early nineteenth century very much intact.
The nation’s capital is one of those great places to retire in Canada because it offers so many conveniences to retirees and is a great place to settle down for plentiful reasons. It has a great location that allows seniors moving to Ontario to be near their families in the Ottawa Region. Plus it includes an eclectic mix of local conveniences and attractions. Parkland and green space surround the two rivers that flow through Ottawa. Museums and galleries are found galore, such as the Museum of Nature, the National Gallery of Canada, and many others.
- Ottawa was ranked as the #1 best place to move to by MoneySense in 2016. It reached second place in 2017. The national capital is also esteemed because of its reasonable real estate values, a great offer of cultural activities, and easy access to health care.
- Don’t miss out on the smaller neighborhoods on the outskirts of Ottawa. They are also very much worth your consideration. For example, Stittsville has fast-rising real estate values while still holding onto its small-town charm. A little bit farther out, places like Carleton Place and Manotick offer the best of country living with proximity to the capital region.
2. Best places to retire in Canada list: West Vancouver, BC
- Population: 42,473
- Weather: temperate coastal
- Lifestyle: casual
- Signature event: Cypress Provincial Park offers some pretty much astonishing hiking and cross-country ski trails. This place was also the host of many events from the 2010 Winter Olympics.
Fun fact: West Vancouver Memorial Library lends more books per resident than any other library in Canada.
For good reason, West Vancouver can easily top our “best places to retire in Canada” list. It actually tops our list of the best places to retire in British Columbia. We can tell you with great certainty that all the parts of our majestic country can present an amazing international destination for retirement.
- Why is that so? Well, the District in question is perfectly located to sample all that’s best about the province. Here, you will ever so cleverly avoid the expensive real estate hustle and bustle of Vancouver. But you can still get all that you love about the city by just crossing the Lion’s Gate Bridge.
- Of course, Stanley Park, Cypress Provincial Park are some of the most amazing places to retire in Canada. And a wealth of other welcoming mountain scenery beckons from nearby. By law, any type of industry is not allowed in the city. West Vancouver ranks high on websites like MoneySense, due to great scores because of low taxes and low crime.
3. Victoria, BC ranks high on our best places to retire in Canada list
- Population: 383,360 (Greater Victoria)
- Weather: mild
- Lifestyle: amazing for active seniors
- Signature attraction: Feast, Food, and Film Festival, held traditionally each June
- Fun fact: National Geographic Magazine has proclaimed Vancouver Island as one of the best cold-water diving destinations in the world! In addition to that, the renowned Jacques Cousteau Society rated the wider city area as second in the diversity of marine life and water clarity, right behind the Red Sea.
Victoria is often ranked highly as one of the top places to retire in Canada because of its low property tax rates, plus the high number of doctors per capita. Finances and health care are important, indeed, but the climate here is what will sell you on this city. The refreshing and soothing sea air that brings moderate temperatures makes life here better than in most other places to retire in Canada. Most of these other cities have colder, drier climates. And of course, let’s not forget how incredibly beautiful the scenery is! Nearby retirement destinations include Saanich, Duncan, Comox Valley, and other gems.
4. Vancouver, B.C is the “Hollywood North”
- Population: 2,463,400 (Greater Vancouver)
- Lifestyle: Very cosmopolitan, just like in LA, or NYC
- Signature attraction: Vancouver Fringe Festival is an amazing theatrical event, with over 700 performances of drama productions, independent plays, and attractions of unconventional performance art. It’s held annually each September.
- Fun fact: The first McDonald’s restaurant that branched outside the United States was opened in Richmond, on the west side of Vancouver, in 1967.
Unfortunately, Vancouver had to drop down on our list here, because of its equally incredible real estate prices. If you can afford a property in Vancouver, it will always be a great investment. Which is, of course, an important factor you should consider – even (or especially) in retirement. Not that house prices aren’t still continuing to increase as much as 5% year-over-year. Vancouver real estate remains to be a solid way of investing in your real estate passion.