After living in Ontario your whole life, have you ever thought about how you’ll spend the rest of your retirement days? You’ve spent decades in the workforce, and finally, you can control how you will spend your time. Soon enough, you can do anything your heart desires!
By now, you will need plenty of planning for retirement – yes, even if it seems that you have all the time in the world! Having this time can be overwhelming. Do you plan to wake up, watch tv, read the news or books, eat, and sleep?
Of course not! This is one of the most exciting stages in your life, and you wouldn’t want to miss out just sitting around. A change in environment can be good stimulation for you, and you can do that without spending a lot of money.
We love Ontario, and living here has its outstanding advantages. It has a great entertainment hub, and you can earn a generous salary. You can get around quickly with its public transportation, and it remains to be a paradise for entrepreneurs.
Clue: All of these advantages are not catered to retirees!
Imagine what your retirement days would be like. A walk in the park and the occasional meeting with friends in Ontario’s nice cafés and restaurants are good options. But there is more to your retirement days beyond living in Ontario.
Reasons Why Some People Go West When Looking to Retire
Ontario’s a great place and is the most populous province in Canada, but there may be a few drawbacks when living there during retirement:
- Ontario is one of the most expensive places to live in Canada.
It also has one of the most expensive costs of living in the world, and most of your expenses go to your housing. The average rent for a one-bedroom apartment is CA$1,700, while if you plan to buy a home, that would cost at least CA$594,000. Plus, there are other expenses you need to cover, such as groceries CA$300 per month, utilities CA$400, entertainment and recreational costs. You will not be earning the same wage anymore, so you need the best stretch for your every dollar.
- Ontario has a big population.
It’s great to know that Ontario has a diverse culture in the country in its 13.5 million people. The density of the population can cause traffic jams and crowded places. Living in a dynamic city has its advantages and exciting, but it may not fit in your idea of a perfect, relaxing retirement.
This is also one reason why the cost of living is expensive in this part of the world. If you are planning to have a more balanced life without the pressure of the crowd in places you go, Ontario may not be the place for you.
- Ontario has four months of winter.
Weather conditions may vary in different regions, but generally, winter starts in December and lasts until March. The temperature can go down to –30 degrees Celsius – that’s a lot of snow for one-third of the year.
Thinking about winter for four months in a year doesn’t sound so enticing, as it means staying most of the time indoors.
The good news is, there are other alternatives to retiring in Ontario. Other provinces in Canada enjoy a better quality of life at a lower cost and better weather conditions. Most seniors downsizing is moving to the western side of the country, British Columbia.
Why Many People Love to Retire in British Columbia
British Columbia has a thriving community of 4 million people. Its largest city is Vancouver, the third-largest metropolitan area in the country. Here are reasons why you should consider selling your real estate in Ontario, move and retire in British Columbia instead:
- The list of things to do is endless.
With its dramatic landscape, you will never run out of things to do. It’s hard not to fall in love with the outdoors. Because of the variety British Columbia has to offer, and even if you have been living in the city your whole life, you will find something suitable for you. You may also learn how to cook with the proper food that will help when it comes to the Balance of Nature
- You can explore the wildlife.
Wildlife is abundant in this part of Canada that both visitors and residents enjoy. Whether it’s bird watching or whale watching, there are always new things to explore.
- Wineries are abundant.
Not a fan of wildlife? How about a taste of wine? There are hundreds of wineries in British Columbia, from small vineyards to family-run ones, which you can explore every week.
- British Columbia enjoys the perfect climate!
It does snow in this part of the world, but for how many days? Four days in a year? BC has one of the warmest regions in Canada. The temperature is much warmer, with the lowest going down to -10 degrees Celsius. With BC’s moderate winter, you can spend more time on the beach and exploring outdoor activities.
About Fraser Valley Real Estate
If you are looking for the perfect location to retire in BC, look no further than Fraser Valley. This is an urban area a couple of hours’ drive from Vancouver, where you can find incredible scenery. The communities are friendly, and it offers affordable housing in Canada.
The Fraser River has one of the best river systems that produce salmon. In the lower Fraser Valley, you will find a rural region of fields and dairy farms. While on its western edge, there are plenty of farms producing the freshest fruits and vegetables.
Chilliwack, just next to the city of Abbotsford, is surrounded by attractions and activities, including the famous Harrison Hot Springs. These areas have become popular destinations for local and international tourists.
If you want to enjoy these attractions year-round, consider buying townhomes around Chilliwack. There are Chilliwack presales that offer great value for money.
Retire at Harrison Ridge, Just Next to Chilliwack, BC
More and more Canadians are moving out of Ontario and into BC because of the reasons stated above. With real estate costing a lot more in Ontario, the ideal solution is to sell it, buy a townhouse next to Chilliwack, and pocket the big difference.
This is a great way to stretch your retirement funds which you can use to travel around the world during the winter season in Canada. With more space in BC, you can even use the new space to start a garden. Check out Fraser Valley presales to get the best deals.
Canada has been rated #1 in the world for the quality of life it offers. No wonder anyone who is not living in Canada yet, would try to find ways to migrate, study, work and retire in Canada.
Retirement can be fun if you have a lot of money to spend, but if you are looking for ways to make the best out of every dollar in your retirement fund, we’ve just given you the perfect solution.