From the Pacific coast to the shores of Portugal, from the vineyards of Okanagan to the warm charm of San Miguel de Allende, Canadian retirees are choosing a wide range of paths for their golden years. As 60% of Canadian baby boomers plan to stay in their homes, a significant portion are seeking change: downsizing, relocating to more affordable regions, or even moving abroad in pursuit of a better lifestyle.
Canada First, But Not Always
While most boomers still choose to stay within Canada, internal migration patterns tell an interesting story. British Columbia remains a top choice for those seeking milder weather and natural beauty. Victoria, Parksville, and the Okanagan Valley are especially popular among retirees. Meanwhile, Albertans are among the most mobile, with 61% expressing plans to relocate, many heading west to B.C.
In contrast, only about 10% of retirees plan to move abroad, with the U.S., Mexico, and parts of Europe topping the list. And when they do leave, it’s often in search of sunshine, affordability, and culture.
- Victoria, BC: mild weather, coastal charm, strong healthcare
- Parksville, BC: high senior population, slower pace, ocean views
- Kelowna & Okanagan Valley, BC: vineyards, lake life, dry climate
- Canmore, AB: Rocky Mountain living with strong community
- Niagara-on-the-Lake, ON: wine country meets culture
- Ottawa, ON: clean, accessible, bilingual, and safe
- Quebec City, QC: historic charm and affordable living
When Canada Isn´t Enough: The Global Appeal
A growing number of Canadians (roughly 11%, or over 4 million people) live abroad. Among retirees, Mexico is by far the most favored destination due to its cost of living, proximity, and expat-friendly communities.
Mexico: Lake Chapala, San Miguel de Allende, Puerto Vallarta, Baja California Sur, Riviera Maya
Costa Rica & Panama: stability and expat infrastructure
Mexico: Lake Chapala, San Miguel de Allende, Puerto Vallarta, Baja California Sur, Riviera Maya
Portugal: Algarve coast for climate and tax benefits
France & Spain: for culture, healthcare, and lifestyle
Why They Move: The Numbers Behind the Choices
Whether staying in Canada or crossing borders, Canadian retirees are increasingly intentional about how and where they spend their post-work years. For some, retirement is about comfort and familiarity. For others, it’s the beginning of a bold new chapter.
At Altura, we believe retirement is not the end of the road, but the start of living at your highest level.
At Altura Society, we celebrate 120 years of a house that doesn’t just tell time,it defines it. From the depths of the ocean to the highest peaks, from movie sets to boardrooms, Rolex remains the ultimate mark of enduring elegance.
