Retirement in Canada

CANADA

Canada is the second largest country in the world in terms of geographical area.It is a part of North America and is one of the richest countries with high standard of living. The country used to be a major French settlement and gradually became of the well known commercial centers in the world. Canada is a popular tourist destination and is known for its scenic landscape and idyllic surroundings. The capital of Canada is Ottawa while other major cities include Edmonton, Toronto, Quebec City, and Montreal and so on.
How about settling down in Canada?

  • Very close to the US geographically, many parts of Canada has a similar lifestyle and culture to that of the United States. A low cost of living, excellent facilities and varied entertainment options are persuading many baby boomers to consider Canada as an option to relocate to.
  • Canada is the second largest country in the world in terms of geographical area.
  • – The city of Ottawa is less expensive than Boston and Atlanta, while Calgary is more affordable than Honolulu, Chicago and Los Angeles.
  • Health Care facilities for retirees in Canada are more than affordable. The overhead cost of operating the health-care system is three times less in Canada than that of the US. The administrative costs of the health care facilities per-person is $307 in Canada, which is far below the rate in the US. This translates into lower healthcare costs for you as a retiree in Canada.
  • In the cities like Montreal and Halifax, the average cost of a house is $242,000 and $209,000 respectively. You can own your home in Fredericton for as little as $131,000. The provinces like Prince Edward Island and New Brunswick charge around $138,000 for a new home.

    Pros: The country has clean air, good healthcare system and friendly people. Toronto is a cosmopolitan city where you can interact with different cultures of the world.

    Cons: The harsh winter temperatures can be a problem for some seniors. Much of the country is unpopulated.