Canada is often regarded as one of the best countries in the world to retire, offering a high quality of life, universal healthcare, stunning natural beauty, and friendly communities. However, not all areas in Canada are the same when it comes to retirement. Whether you’re looking for a place with affordable living, outdoor activities, or proximity to cultural hubs, Canada has plenty to offer retirees.
Victoria, British Columbia
Victoria, located on Vancouver Island, is often considered one of the best places to retire in Canada. Victoria boasts one of the mildest climates in Canada, with winters that are much warmer than other parts of the country. This makes it a popular choice for retirees who want to avoid the harsh winters typical of many Canadian cities. British Columbia has one of the top healthcare systems in Canada, ensuring retirees have access to excellent medical care and according to Numbeo, the cost of living is more affordable than Vancouver. With beautiful parks, walking trails, and a vibrant arts scene, Victoria offers plenty of outdoor activities and cultural events.
Key Statistics:
- Benchmark Home Price: $870,000
- Senior Population: 23.2% of the population in Victoria is over the age of 65
- Number of Sunny Days Per Year: 306.27 days
Kelowna, British Columbia
Kelowna, nestled in the heart of the Okanagan Valley, is a growing city with great appeal for retirees who are looking for a mix of outdoor beauty and affordable living. Kelowna is known for its vineyards, orchards, and stunning lakeside views, making it a prime location for those who want to spend their retirement surrounded by nature. The cost of living is lower than Vancouver and Victoria, making it an attractive choice for retirees who want a more affordable lifestyle without sacrificing natural beauty. Kelowna General Hospital provides comprehensive healthcare services for residents, and the city is home to a growing number of healthcare facilities catering to seniors.
Key Statistics:
- Benchmark Home Price: $780,000
- Senior Population: 22.6% of the population is over 65
- Number of Sunny Days Per Year: 305.51 days
Oakville, Ontario
Oakville, a suburban town just outside of Toronto, is known for its picturesque lakeside setting, high standard of living, and proximity to the big city without the hustle and bustle. Being only a short drive or public transit ride from downtown Toronto, Oakville retirees can easily access the vibrant arts, culture, and entertainment that Toronto offers. With top-tier healthcare facilities nearby in Toronto and Oakville’s own excellent medical services, retirees have access to world-class care. Oakville has a strong sense of community, with plenty of parks, walking paths, and a charming downtown area with cafes, restaurants, and shops.
Key Statistics:
- Benchmark Home Price: $1.3 million
- Senior Population: 15.7% of the population is over 65
- Number of Sunny Days Per Year: 302.85 days
Quebec City, Quebec
For those who are looking for a unique blend of old-world charm and modern amenities, Quebec City is an excellent choice. Its beautiful historic architecture, strong French heritage, and low cost of living make it one of the top destinations for retirees in Canada. Compared to other major Canadian cities like Montreal or Toronto, Quebec City has a more affordable cost of living, especially in terms of housing. Quebec City is rich in history, with its UNESCO World Heritage-listed Old Town, making it an attractive place for retirees who love culture, festivals, and art.
Key Statistics:
- Benchmark Home Price: $500,000
- Senior Population: 21.1% of the population is over 65
- Number of Sunny Days Per Year: 290.86 days
Moncton, New Brunswick
Moncton, located in the heart of the Maritimes, offers a slower pace of life, a friendly atmosphere, and an affordable cost of living. It’s a great choice for retirees who want to enjoy a small-town feel without being too far from amenities. The city has several healthcare facilities, and it’s just a short drive from major hospitals in nearby Fredericton and Saint John. Moncton is one of the most affordable cities in Canada, particularly when it comes to housing. This makes it an attractive option for retirees on a budget.
Key Statistics:
- Benchmark Home Price in News Brunswick: $330,000
- Senior Population: 21.5% of the population is over 65
- Number of Sunny Days Per Year: 293.38 days
Halifax, Nova Scotia
Halifax, the capital of Nova Scotia, offers a unique blend of maritime charm, modern amenities, and a welcoming community. Known for its historic sites, excellent healthcare, and cultural attractions, Halifax is a fantastic retirement destination for those who enjoy both urban and natural environments.
With the QEII Health Sciences Centre, Halifax has one of the best healthcare systems in the Maritimes and being situated so close to the Atlantic coast means retirees will get beautiful views, beaches, and a wide range of outdoor activities to enjoy.
Key Statistics:
- Benchmark Home Price: $550,000
- Senior Population: 17.3% of the population is over 65
- Number of Sunny Days Per Year: 290.17 days
Canada offers a wide range of destinations that cater to retirees, whether you’re looking for coastal charm, outdoor adventures, or proximity to urban amenities. From the mild climate of Victoria to the cultural vibrancy of Halifax, the country has something for every type of retiree. With affordable living in places like Quebec City and Moncton, and a high standard of healthcare across the country, retirees can feel confident that their golden years will be spent in comfort.
Before making a decision, consider factors such as climate, cost of living, proximity to family, and personal preferences for lifestyle. Ultimately, the best place to retire in Canada is one that aligns with your vision for retirement and allows you to enjoy all that this beautiful country has to offer.
Are you looking to enter the real estate market this spring? Give us a call today! One of the experienced agents at Zoocasa will be more than happy to help you through the exciting home-buying process!
Methodology:
Benchmark home prices were sourced from the Canadian Real Estate Association for January 2025.
Number of sunny days year-round were sourced from weatherstats.ca.
Senior population estimates were sourced from Statistics Canada.
Cost of Living prices sourced from Numbeo.
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