The question of where the best place is to retire has been a topic of conversation in many households. There is one thought that you need to move far away to enjoy retirement or you can “age in place” and stay in the home and neighbourhood you know and love, close to family, friends and frequented places.
In major metropolitan centres like the GTA and Vancouver, most individuals don’t want to make a cross country move, so recreational areas within their provinces become a hot spot. Here are some of the most in-demand cities and regions for those in search of the best place to retire in Canada. Ontario Ontario is seeing the increasing trend of retirees fleeing urban centres where prices continue to rise and heading north to cottage country.
However, it is more than just a cost-effective approach. The waterfront lifestyle has its perks and is ideal for retirees seeking an active lifestyle. The town of Wasaga Beach is situated along the second-longest freshwater beach in the world. Offering a variety of relaxing activities, it boasts country clubs, golf courses, trails, yoga, and great access to activities on the water. With Blue Mountain nearby, the area offers an array of social activities and cultural experiences.
The average sale price for a detached home in 2019 is $519,312, making it an ideal location for baby-boomers looking to move out of the city, while still keeping a healthy nest egg. Another popular retirement destination is the Rideau Lakes, offering the best of nature with several historic trails, farms, and access to the Rideau Canal. The township also hosts adult social clubs for seniors that provide the opportunity to connect with the community over games, entertainment and a meal. The current average price for a detached home is $788,967. For those looking to retire and leave the province to enjoy their golden years, Canada has beautiful places to live at reasonable costs.
British Columbia – South Okanagan Similar to Ontario, retirees continue to drive the recreational market in British Columbia as they seek a more affordable lifestyle outside of particularly expensive metropolitan areas like Vancouver. The Okanagan region is a scenic valley with a retirement-based economy. The region offers a sunny climate, and Okanagan Lake, in particular, offers many outdoor activities to cater to retirees looking for an active lifestyle. The year-to-date average sale price for all home types is $425,151.
New Brunswick – Miramichi With average home prices down by more than 10% in Miramichi within the past year, retirees from British Columbia, Ontario, Quebec and Alberta are downsizing and settling in this beautiful riverside city. Situated on the Miramichi River, the city boasts many marinas and access to waterfront activities. As an affordable social and cultural hub, Miramichi offers a well-balanced lifestyle for retirees. The average sale price in the first quarter of 2019 was $111,625.
Nova Scotia – Annapolis Valley and Yarmouth Baby boomers looking to retire have been dominating home-buying activity across Annapolis Valley and Yarmouth in 2019. Out-of-province buyers from across the country are selling their properties at high prices and moving to Atlantic Canada to settle down. Annapolis Valley offers several relaxing attractions with its beaches and vineyards. The average sale price for all home types during the first quarter in 2019 is $111,625. Yarmouth is bustling with waterfront activities, parks, trails, heritage sites and festivals. This incredibly diverse and beautiful region offers something for everyone – especially a scenic view for retirement. The average sale price for all home types during the first quarter in 2019 is $138,706.