One of the biggest choices you’ll make in adulthood is where to settle down in retirement. Whether you’re looking to live in a bustling city, quiet small town, or something in between, the most important factor to consider is affordability. A number of things come into play for affordability from housing costs and transportation to insurance, healthcare, and lots more.
Canada is a country worth looking into for retirement. It has diverse areas to live in, beautiful scenery, friendly people, and plenty of things to see and do. Of course, some areas in this country are cheaper than others. We found some of the best places to retire in Canada if affordability is at the top of your wish list.
Saint John, New Brunswick
Move to the sixth most affordable city in the world for middle-income housing. Saint John, New Brunswick is a beautiful and cheap place to live during retirement. The average rent for a one-bedroom apartment is $825 (USD) per month while the median home price is $168,000.
The city is known for the Bay of Fundy and St. John River, which provide residents an ideal balance of urban and natural living. It’s a city with historical late 19th-century buildings, cultural institutions, lively nightlife, and more.