No matter where you live, there’s something appealing about the Great White North. Do you dream of moving to Canada when you retire? If so, you’re not alone. Every year, many seniors flock to Canada to enjoy gorgeous countryside, rich culture and a reasonable cost of living.
In this guide, we’ll talk about:
- The best places in Canada to retire
- Average costs of living in Canada and cities you can move to on a budget
- The cities that have the highest populations of seniors
Let’s get started planning your retirement! Here are the best places in Canada to retire.
1. Ottawa
Region: Ontario
Population: 994,837
Median apartment rent: $1,041
Average salary: $60,000
Who should retire here: Shoppers, Diners, Cyclers
We just know you’re going to love to retire in Ottawa, Ontario. This city is jam-packed with history, entertainment and nature. There’s literally something to do here for everyone. Whether you’d like to take a canal cruise, catch some live entertainment or just enjoy a scenic walk around a natural park, Ottawa is an absolute gem.
The senior population in Ottawa is about average for Canada at 12%. That means you’ll have people your age to associate with, but won’t feel like you’re in a retirement community. If you do prefer a retirement community, however, there are plenty to choose from. Dozens, in fact, ranging from assisted living to hospice.
- Ottawa, Ontario is filled with things to do, from natural scenery to live entertainment
- History and nature lovers will love the city of Ottawa
- Enjoy the gorgeous scenery of Ottawa while taking advantage of the modern amenities
2. Montreal
Region: Quebec
Population: 1.78 Million
Median apartment rent: $833
Average salary: $71,917
Who should retire here: Art Lovers, History Lovers, Alternative Lifestyles
Montreal, Quebec is arguably one of the most beautiful cities in the world. Situated right on the river and teeming with gorgeous architecture, you’ll feel like you’ve stepped onto a movie set when you retire here.
Montreal has a senior population that’s a bit more active than your average over-60 crowd. The city is a “green city” which means the citizens are dedicated to protecting the land they live on. Through recycling, walking and cycling to destinations and other green initiatives, the city has made great strides in becoming more eco-friendly.
To retire to Montreal, you’ll only need a modest income. The cost of living is moderate and you can get by on what you have saved, if you’ve been planning your retirement for a while. People who live “alternative” lifestyles are especially welcome in Montreal. The LGBTQ+ community is well-accepted in this city.
- People who live “alternative” lifestyles are very welcome in Montreal
- When you retire to this city in Canada, you’ll fall in love with the scenery and culture
- The cost of living in Montreal is moderate – you don’t need to be rich to retire here!
3. St. Catharine’s
Region: Ontario
Population: 133,113
Median apartment rent: $992
Average salary: $35,100
Who should retire here: Wine Lovers, Privacy Seekers
St. Catharine’s isn’t the first place people who are looking to retire think of. But this little town in Canada is an excellent choice for those of you who are seeking privacy. With a tiny population of just over 100,000, St. Catharine’s offers all the space you need to retire in peace and quiet.
Average apartment rent is relatively low, and home prices will vary but are affordable by most standards. You can score a three bedroom home for as low as around $250,000 USD. You can use your Google conversion tool to determine what that means for you, but it’s relatively inexpensive, and you won’t wipe out your savings should you choose to buy here.
St. Catharine’s is the largest town that neighbors Niagara Falls, so expect a bit of tourism should you retire here. However, the tourists who venture here tend to be quiet nature lovers who simply want to view the attraction and move on.
- Niagara Falls is very close to St. Catharine’s, so expect some tourism
- The small population of St. Catharine’s makes this a great place to retire if you value your privacy
- Cost of living in this town is very low, so you won’t blow your savings here when you retire
4. Cobourg
Region: Ontario
Population: 20,112
Median apartment rent: $700
Average salary: $36,340
Who should retire here: Privacy Seekers, Lake Lovers, Fishing Fans
Next on our list of the best places to retire in Canada is Cobourg. Cobourg is a small town on Lake Ontario, and it’s perfect for those of you who want a small town feel and a bit of privacy. Your neighbors will be peace-seekers, too, with a love for nature and, of course, for fishing.
Cobourg isn’t completely isolated from the outside world, though. It’s within driving distance of both Toronto and Oshawa, so you can take in theater, a ball game or just go shopping. In your hometown, you’ll celebrate some great festivals including Canada Day and the Big Band Festival Series.
You can rent an apartment at a low monthly rate, or score a new home for lower than you’d find in the big cities. If you do want to live in a retirement community, there are several beautiful options in Cobourg to choose from.
- Cobourg, Ontario is a small town with a cozy, friendly feel
- The town is not far from Toronto and Oshawa, so you won’t feel completely isolated here
- The cost of living in Cobourg is relatively low, so you can retire in style
5. Greater Sudbury
Region: Ontario
Population: 164,926
Median apartment rent: $1,199
Average salary: $90,179
Who should retire here: Shoppers, Science Lovers, History Buffs
Greater Sudbury has a larger population than Cobourg, but it’s still going to give you the feel of a smaller community. Whether you choose to rent or buy, your property in Greater Sudbury is going to be far from the tall buildings and cityscapes. Instead, you’ll enjoy views of lakes, nature trails and the world’s largest Canadian nickel.
There are many museums and science centers in Greater Sudbury, so history, science and art lovers will stay well connected to the things they love. And just when you thought you’d run out of things to do, you can catch a glimpse of the world’s second largest freestanding chimney – right in your hometown.
The cost of living in Greater Sudbury is a bit higher than some other places to retire in Canada, but the peaceful feel of the town makes it worth the premium. The average salary is almost $100,000 but residents of Greater Sudbury get by on much less than that, so don’t be alarmed.
- Greater Sudbury has a lot of character – from the world’s largest Canadian nickel to its mining roots
- There are plenty of museums in Greater Sudbury, whether you’re interested in science, art or history
- The cost of living in Greater Sudbury isn’t as low as some other cities but is doable on a modest income
6. Quebec City
Region: Quebec
Population: 542,298
Median apartment rent: $995
Average salary: $46,371
Who should retire here: French Speakers, Foodies, Skiers
Parlez-vous francais? If so, you’ll be right at home in Quebec City. Most of the population here speaks French, so be sure to brush up on your language before you retire to this city in Canada. It truly is a beautiful city, with gorgeous architecture – there are even cobblestone streets to explore.
If you’re into food, Quebec City will be a treat for you! Poutine, crepes and authentic French onion soup are just a few of the local flavors you’ll have to try. Of course, you’ll need to check out the maple syrups and candies when you retire here as well!
Quebec City is on the edge of the Saint Lawrence River where you can windsurf, kite surf and kayak. In the winter, you’ll live super close to skiing and other snow sports, so don’t be afraid to get out there and show off your skill on the slopes!
- A majority of Quebec City natives speak French as a primary language
- This town is filled with gorgeous architecture and even cobblestone streets
- When you retire to Quebec City you’ll be nearby to watersports and snow sports, so it’s a great place to stay active in retirement
7. Thunder Bay
Region: Ontario
Population: 110,172
Median apartment rent: $666
Average salary: $41,470
Who should retire here: Ski Bums, Nature Lovers, Wildlife Lovers
Thunder Bay has a very exciting name, but we think you’ll love to retire to this sleepy town in Ontario, Canada. Thunder Bay is home to great skiing and more wildlife than you can imagine – it’s not unusual to spot moose, cougars and even black bears in Thunder Bay and the surrounding area.
The average salary and median apartment rent in Thunder Bay are quite reasonable. You can manage your rent and utilities and still have plenty left over to do things you love. Take in a waterfall or charter a boat tour on the weekends. Or, just hike the miles of trails in Thunder Bay.
Boating and fishing are common in Thunder Bay, as the town is on the shore of Lake Superior. There are plenty of rentals to choose from for a weekend getaway, or when the family comes to visit you when you retire.
- Thunder Bay is a sparsely populated town in Ontario with great wildlife viewing
- Resting on Lake Superior’s shores, this town has plenty of waterfront activity
- The cost of living in Thunder Bay is reasonable, even if you don’t have a huge income
8. Moncton
Region: New Brunswick
Population: 85,198
Median apartment rent: $995
Average salary: $51,000
Who should retire here: Kids at Heart, Casino Gamers, Beach Goers
Moncton is a town in New Brunswick that’s one of Canada’s best kept secrets. This town boasts a tiny population of just over 85,000 residents, so when you retire to Moncton you’ll have plenty of privacy! But don’t worry. Whether you have the kids come to visit or you’re just a kid at heart, there’s plenty to keep you busy in this little town.
Formerly a shipbuilding community, Moncton is now home to a zoo, casinos, theme parks and even Magnetic Hill Park. Magnetic Hill is an optical illusion, and a crazy one! This hill seems to defy gravity, but don’t take it from us. You’ll have to see it to believe it!
Retiring to Moncton you can expect to pay around $1,000 or so each month for rent. However, home prices in the area are extremely low, so consider snagging the retirement home of your dreams when you retire here.
- If you’re a kid at heart, you’re going to fall in love with Moncton
- Choose from zoos, casinos or even gravity-defying landmarks as weekend activities
- Rent is relatively high in Moncton, but you can buy a home for a great price in this town
9. Saskatoon
Region: Saskatchewan
Population: 273,010
Median apartment rent: $965
Average salary: $60,000
Who should retire here: River Lovers, Brewery Tourists
If you love touring breweries and distilleries, you’re going to love to retire to Saskatoon. This city is in the Saskatchewan region of Canada and there are more breweries than you can shake a stick at! You could literally visit a different brewery every weekend and it would take you months to visit them all.
Not interested in beer or wine? That’s okay. There’s still plenty for you to love about your retirement in Saskatoon. Located on the South Saskatchewan River, Saskatoon is a college town that features plenty of nightlife, entertainment and culture. A zoo, plenty of parks, museums and more await you in saskatoon.
When you retire in Saskatoon you’ll enjoy a low cost of living and home prices that have been steadily declining in recent years. You’ll pay a little more for rent, but as this is a college town it’s usually possible to negotiate your monthly cost with property owners.
- Saskatoon is a college town, so there’s plenty of activity!
- There are many breweries and distilleries in Saskatoon and Saskatchewan
- If you’re not into breweries, there are tons of other options to keep you busy
10. Sherbrooke
Region: Quebec
Population: 167,162
Median apartment rent: $1,367
Average salary: $57,000
Who should retire here: Theater Fans, French Speakers, Festival Goers
The next city in Canada you’ll want to consider when you retire is Sherbrooke. Like Quebec City, the population of Sherbrooke is largely French speaking. You can, however, get by if you don’t speak the language, though it might be a good idea to carry a pocket dictionary with you!
Sherbrooke has a rich history, with inhabitants dating some 8,000 years back. You’ll enjoy the architecture as well as the proximity to the Saint-Francois and Magog Rivers. If you’re an intellectual, you’ll especially love the city. It’s populated with students and professors, so you’ll always have someone to chat about your theories with!
In Sherbrooke, you’ll find hiking, skiing and, of course, seniors your age. You might have to spend a little more on your rental or retirement home, but we love that the cost of living is actually reduced by the activities that allow you to just get back to nature.
- Sherbrooke is in the Quebec area of Canada, so most of the population speaks French as a primary language
- You can get by speaking only English, but we recommend you take a conversational course or carry a pocket dictionary
- The cost of living is a bit higher in this region but there are so many cost effective activities that it’s worth it.
11. Vancouver
Region: British Columbia
Population: 675,218
Median apartment rent: $1,500
Average salary: $72,662
Who should retire here: City Slickers, Shoppers, Alternative Lifestyles
Like Montreal, Vancouver, British Columbia is a great destination for those of you who may live alternative lifestyles. Gays and lesbians, swingers, minimalists and more are welcome in Vancouver, so come and make yourself at home!
To retire in Vancouver is to commit to spend your twilight years surrounded by nightlife, shopping and culture. You’ll love the arts and music in Vancouver, and if you’re an artist, that’s even better! Your work is welcome in Vancouver. Exhibit at one of the festivals or choose a gallery to apply to.
Your income in Vancouver will be modest but if you’ve stockpiled a retirement fund, you’ll do just fine! You can expect to pay around $1,500 for an apartment, but don’t be surprised when you find homes for sale for very low monthly mortgages.
- Vancouver is a very “artsy” part of British Columbia
- People who lead alternative lifestyles are more than welcome to retire in this city in Canada
- The cost of living in Vancouver is a bit higher, but you’ll do just find with a retirement fund or when you purchase a home rather than rent
12. Gatineau
Region: Quebec
Population: 265,349
Median apartment rent: $1,101
Average salary: $47,500
Who should retire here: Art Lovers, Politicians, Scenic Tourists
The next location on the best places to retire in Canada is Gatineau. This berg is located in the National Capital Region, which includes Ontario, Ottawa and, of course, Gatineau. It’s situated right on the Ottawa River, which means great views, plenty of water activities and certainly a lot of politics!
When you retire to this city in Canada, you’re signing up to live in a small city with a lot of personality. You’ll find children’s museums for the grandkids, art museums for your spouse and year round recreation in parks for yourself. You can catch an IMAX film, canoe in Gatineau Park or play roulette at Casino du Lac-Leamy.
The average salary in Gatineau is lower than some other cities in Canada, but remember that you live amongst politicians and quarry workers. These outliers in income mean that your “average” income will do just fine to sustain your in Gatineau.
- Gatineau is part of the National Capital Region of Canada, as it’s just across the Ottawa River from Ottawa and Ontario
- You will find entertainment in Gatineau for every age, from parks and museums to gambling and movie theaters
- Gatineau is host to a wide range of demographics – you’ll find politicians and quarry workers here in this town
13. Waterloo
Region: Ontario
Population: 113,520
Median apartment rent: $1,084
Average salary: $61,000
Who should retire here: Intellectuals, Fishing Fans, Outdoorsy Folk
If you’re looking for some outdoor adventure amongst fellow intellectuals, Waterloo is going to be one of the best places for you to retire in Canada. The city has a relatively low population, and you’ll find that it’s quite affordable to live here.
Waterloo is home to many colleges and universities, so you’ll frequently find scholars and professors milling about the local shops. In addition, if you love the outdoors you’re going to love Waterloo. The fishing, skiing and hiking are simply amazing, so be sure you bring your gear when you retire.
Waterloo is one of the twin cities of Ontario, comprised of Kitchener and Waterloo. The KW region is riddled with athletics, arts, entertainment and shopping, so you’ll never lack for things to do in Waterloo!
- Retiring in Waterloo is a great way to spend your retirement with fellow intellectuals
- You can find plenty of outdoors activities in Waterloo if you prefer to spend time in nature
- Between Waterloo and Kitchener, the Twin Cities will keep you entertained as you live out your retirement.
Conclusion
Canada does have some more strict standards for emigration. In other words, not just anyone can pack their bags and move to the Great White North. Canada is a peaceful country – in fact, it’s often poked fun of for how calm and accepting they are. You will, however, need to have a few valuable skills to bring to the country.
With that said, Canada is one of the most peaceful and satisfying places to retire. Whether you prefer an idyllic cabin by a lake in the mountains or a suite with a view of Canada’s biggest cities, we know you’ll love to retire in the nation. Pack your bags (and your snow gear) and enjoy your retirement in Canada – you deserve it!
