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10 Best Places in Canada to Retire and Settle

10 Best Places in Canada to Retire and Settle

Over the years, Canada has retained its status as one of the best countries for retirement. Still, this country is fairly large, and finding the best places in Canada to retire can be challenging.

Immigrants who migrated to Canada and became permanent residents become eligible for the country’s universal healthcare system. Also, real estate costs in Canada are relatively affordable, not to mention that it’s a neighbor country of the United States. Aside from that, pharmaceuticals are cheaper in Canada than in other countries, even the United States.

For this post, we listed 10 of the best places for retirement in Canada and why you should consider it if you’re planning to settle in the Great White North.

1.     Oakville, Ontario

best places in Canada to retire
Photo Credits – ParkBench

At the top of our list is the town of Oakville in Ontario. It’s situated halfway from Hamilton and Toronto. This waterside town offers a quiet and calm place for your retirement years. Due to its location, Oakville benefits from an excellent economy and wealth. It also has a good safety record and accessible amenities.

Oakville aims to be the “most livable town in Canada”. This is true with the local government’s arts and culture program as well as focus on education and child development.

Back in 2018, MoneySense recognized Oakville as the best place in Canada to live. It also turned out to be the best place for New Canadians and one of the best Canadian places for retirement.

This town is also picturesque with shopping districts where you can get your needs. There’s also a very active arts community where retirees can have a great time joining. It’s also very adjacent to Toronto, the capital of Ontario.

Overall, Oakville is an affluent community, being the home of the prestigious Appleby College and the Glen Abbey Golf Club. Still, it’s a very caring and generous community where retirees will feel safe.

2.     Saguenay, Quebec

best places in Canada to retire
Photo Credits – Encyclopedia Brittanica

Second to Oakville is Saguenay in the province of Quebec. One of the most iconic landmarks in Saguenay is its picturesque fjord that leads to the St. Lawrence River. It’s also adjacent to the Saguenay Fjord National Park, a favorite respite of many families and retirees in the city.

What makes Saguenay an ideal retirement place is the local’s satisfaction rate. According to a survey, Saguenay locals rate the quality of their life at an average of 8.2 out of 10. This is higher than in other metropolitan areas in Canada.

There’s also a large retirement community in Saguenay, with various residences offering retirees a place to spend their years.

Aside from its stable economy and peaceful environment, Saguenay is also home to the most beautiful villages in Quebec. In fact, the Michelin Guide ranked The Fjord as one of the must-see attractions together with the pyramids of Egypt and the Eiffel Tower.

Saguenay’s far distance from the capital Ottawa is a blessing in disguise. It’s a quiet place while staying accessible to key cities in the country.

3.     Moncton, New Brunswick

best places in Canada to retire
Photo Credits – ProWrestling

Neighboring the U.S. state of Maine, the province of New Brunswick is home to the city of Moncton. It’s located on the southeastern side of the province. The main selling point of Moncton to retirees is its low cost of living. Compared to other provinces in Canada, New Brunswick has well-priced properties, not to mention that daily necessities are also affordable. Electricity, water, and gas are lower than the rest of the country.

Like Saguenay, Moncton residents report a high life satisfaction rate, 8 out of 10. Even those in the metro area are fairly happy and satisfied with their living conditions.

With its aging workforce, New Brunswick opens more opportunities to new Canadians who are setting early to retire in Moncton. With thousands of jobs opening in the area, you can move early, so you’re all set by the time you retire. Moncton’s economy is bustling after it recovered from a previous financial struggle.

If you’re looking for peace and quiet during your retirement, Moncton is the place to be. About 80% of New Brunswick is covered by forest, which translates to a simple and quieter way of life. 

4.     Lacombe, Alberta

best places in Canada to retire
Photo Credits – Stantec

If you’re looking forward to retiring in Alberta, Lacombe might be the right place for you. Located in central Alberta, this city boasts accessibility to Edmonton, Red Deer, and other key cities.

Lacombe is a wealthy city with a very attractive economic status for retirees. Even if it’s a bustling city, you can easily find a cheap property to buy. In fact, Lacombe has the third most affordable house pricing in Canada.

Back in 2018, Lacombe is named as the best place to live in Alberta. It’s based on the low unemployment rate and economic growth in the past year.

Over the years, Lacombe has received various awards for collaboration and sustainability. The city also received the Building Community Capacity Award courtesy of ChooseWell Alberta. It’s due to the local government’s effort to improve outdoor spaces for more activities and programs.

Also, various infrastructure developments have been realized in Lacombe. One of which is the development of the Queen Elizabeth II highway, which connects the province from north to south. True enough, Lacombe is living up to its tagline/motto: “living life with balance!”. 

5.     Greater Sudbury, Ontario

Photo Credits – ArcGIS Story Maps

For the science geeks, there’s no other best place to retire in Canada than in Greater Sudbury in Ontario, also known as the Nickel City. It’s home to the Dynamic Earth Science Centre and the Science North Museum. The Science North Museum is built with a tunnel where you can find ancient meteorite impact evidence.

Aside from its science wonders, the Great Sudbury locals also reported a high life satisfaction score of 8.2 out of 10. According to a report titled How’s Life in the City, Sudbury turned out to have the most contented citizens out of 33 metropolitan areas sampled all over Canada.

Moreover, Sudbury boasts 330 lakes all within its city limits. If you’re fond of fishing, the Greater Sudbury area will be a quiet respite for you. Still, Sudbury isn’t detached from the center of the province. Since it serves as the regional capital of Northern Ontario, it’s also home to business hubs.

In terms of cost of living, Greater Sudbury has a manageable rate, though it’s a little higher than other areas listed here. Still, average house pricing is at its low.

6.     Saskatoon, Saskatchewan

Photo Credits – Canadian Immigrant

Located east of Calgary, the humble city of Saskatoon is also a favorite spot for many retirees and immigrants. It’s straddled by the Saskatchewan River, but there are bridges that keep the two sides of the city well-connected.

Life satisfaction in Saskatoon is fairly high, at 8 out of 10. Also, it offers a quiet space for retirees. In fact, the Remai Modern museum was recently opened to let the locals and retirees create and enjoy art.

Back in 2016, a study from the Conference Board of Canada declared Saskatoon as the healthiest of 10 Canadian cities tested. Also, the city was ranked as having the best life satisfaction among its residents. It’s reported that Saskatoon locals have a strong feeling of being healthy and belongingness in their community.

Also, the population in Saskatoon is quite diverse. The 2011 Census of the city revealed that there’s a significant mix of Asians, Latinx, Americans, and other races in the area. This just proves how fitting Saskatoon is for an immigrant planning to retire or settle in the area.

The cost of living in Saskatoon is also manageable, with monthly rents ranging from $750 to $1,000 a month.

7.     Camrose, Alberta

Photo Credits – Edmonton Gazette

Just 150 kilometers away from Red Deer, you can find the city of Camrose in central Alberta. It’s located in the middle of affluent farmlands, though remains a small city that’s wounded through the Highway 13.

For senior individuals, Camrose is a very affordable place. Property prices are at its low, and the cost of living is reasonably affordable. There’s never a boring time in Camrose since it’s also a center for leisure and recreation in Alberta. Also, Camrose serves a large shopping population, being the home of the largest shopping centers in East Central Alberta.

In Camrose, you’ll get to enjoy the security and tranquillity of rural living. There are also full-service hospitals here as well as major retailers to keep your needs accessible.

Overall, Camrose isn’t very populated, with only 18,000 or so people inhabiting the city. That’s a good sign if you’re planning to retire in a quiet and secure place. Also, a large chunk of the city’s population is between the age bracket 40 and 64. The working age also occupies the city dominantly.

As far as property costs are concerned, you can find both affordable and expensive offers in Camrose.

8.     Saint-Lambert, Quebec

Photo Credits – Daily Hive

Located opposite of Montreal, Saint-Lambert is a city on the southwestern side of Quebec province. It has a friendly vibe, primarily because it welcomes about thousands of tourists, especially during St. Lambert Days. Public transport in Saint-Lambert is also one of the best in Quebec.

Overall, Saint-Lambert is a residential city with an affluent and secure status. Still, it’s supplemented with several commercial activities from time to time. 

Moreover, Saint-Lambert is one of the wealthiest cities in Quebec. Its downtown is vibrant, with a laidback urban atmosphere. It’s often compared to Outremont, with its balance of work and domestic life.

When it comes to housing, Saint-Lambert has lower rates than Camrose or even Saskatoon. There is also a wide range of retirement homes in the city.

Groceries, utilities, and other basic needs are reasonably priced in Saint-Lambert. For those over 65, this place can be a great choice for retirement. It’s also well-connected to Ottawa and Montreal.

9.     Milton, Ontario

Photo Credits – Yellowpages Canada

Between 2001 and 2011, Milton was the fastest-growing municipality in Canada. This paved major developments and economic boom in the area. Since it’s located in the Greater Toronto Area, you’ll get full access to all amenities Canada has to offer. Most importantly, Milton has one of the lowest crime rates in the country. So if you want a safe and secure place for your retirement, you should definitely consider Milton.

Milton is a youthful town with an average age of 34. Aside from the growing job opportunities, many young families choose to settle in Milton due to the low cost of living. Compared to larger cities in Canada, Milton has a lower price point in housing and basic needs.

For those in their senior age, there are a lot of things to get busy in Milton. There are more than 50 parks here as well as two big libraries. You can also catch some events at the Milton Sports Centre as well as the Centre for the Arts. There are also golf courses and hiking trails here to keep you active.

10.  St. John’s, Newfoundland and Labrador

Photo Credits – Samantha Brown

Last but not the least on our list is St. John on Newfoundland and Labrador. This easternmost city in North America is also one of the first European settlements. St. John‘s boasts of panoramic views and a high life satisfaction rate among its locals.

St. John’s is one of the most liveable cities in Canada, which has direct access to nature and all your needs. It’s also a city with a deep love of art and culture. Proof of this is the regular cultural activities in the locality. If you’re a writer, musician, or painter, St. John’s will give you the muse you’re looking for.

Although the price of housing in St. John’s is a little on the higher range, it’s still manageable for most retirees. In fact, the cost of living here is much lower than in most key cities in Canada. You’ll save a lot of money in St. John’s as compared to settling in Vancouver or Central Toronto.


There are many of the best places in Canada to retire, but these ten areas stand out from the rest. In choosing the place of your retirement, always factor in the cost of living, housing, and your preferred environment, among others.

What do you think of these Canadian places? Let us know in the comment section!

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Karstine Venessa is a full time house mom with 1 little gorgeous prince for herself. She loves writing contents on everything that is interesting in life, her favourite topic is travel and lifestyle. When she is not busy, you can find her exploring different places and countries, seeing beautiful views or walking in the sand. Top 10 Cities to Visit, is a place where Venessa takes you on a journey around the globe using her unique insight.


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