Best Cities to Retire in Ontario
Choosing the right city to retire in Ontario sets the foundation for a fulfilling and enjoyable retirement experience.
Key Takeaways:
- Ontario offers diverse retirement options, from tranquil towns to vibrant cities.
- Prioritize amenities, healthcare, community, and affordability.
- Consider proximity to family and preferred lifestyle activities.
1. Kingston
Historic Charm and Community Spirit
Kingston offers retirees a blend of historical charm and contemporary amenities. With a population of around 136,000, approximately 19% of residents are seniors. Average home prices hover around $550,000. The city boasts exceptional healthcare facilities, vibrant waterfront living, and a thriving cultural community.
2. Niagara-on-the-Lake
Peaceful Living and Scenic Beauty
Known for its picturesque vineyards and annual festivals, Niagara-on-the-Lake provides peaceful yet socially engaging retirement living. With approximately 18,000 residents, about 34% are over the age of 65. Homes average $850,000, reflecting the town's desirable lifestyle and scenic beauty.
3. Ottawa
Vibrant Culture and Accessibility
As Canada’s capital city, Ottawa has around 1 million residents with approximately 16% aged 65 and over. Average home prices sit around $650,000. Ottawa offers retirees excellent healthcare, rich cultural attractions, and ample recreational opportunities.
4. Stratford
Arts and Cultural Hub
Stratford, renowned for its world-class theatre, is home to about 33,000 people, with roughly 22% seniors. Home prices average around $600,000. It provides retirees an enriched cultural life, vibrant community events, and a cozy small-city vibe.
5. Collingwood
Recreation and Outdoor Lifestyle
Ideal for active retirees, Collingwood has around 25,000 residents, about 25% of whom are over 65. Home prices average approximately $700,000. It offers abundant recreational activities, including skiing, hiking, and golfing, making it perfect for active lifestyles.
6. Peterborough
Affordable and Welcoming
Peterborough, with a population of approximately 85,000, has about 22% senior residents. The average home price is around $580,000. Known for affordability, excellent healthcare, and natural beauty, Peterborough fosters a welcoming and engaging community.
7. London
Urban Convenience, Small-Town Feel
London provides retirees a blend of urban amenities and small-town friendliness. With about 422,000 residents, roughly 18% are seniors. Average home prices are around $615,000. Proximity to beaches and smaller towns like Grand Bend enhances its appeal.
8. Burlington
Safe and Friendly Environment
Burlington, known for its beautiful lakeside parks and excellent healthcare, houses about 200,000 people, with approximately 20% seniors. Average home prices are about $1,050,000. The city's safety, active community life, and proximity to Toronto offer retirees convenience and comfort.
9. Guelph
Eco-Friendly and Engaged
Guelph is renowned for its sustainability initiatives and active community life. It has around 145,000 residents, with about 17% seniors. Homes average $750,000. Guelph provides an engaging, eco-friendly environment ideal for socially active retirees.
10. Oakville
High Quality of Life
Oakville is celebrated for upscale amenities, scenic waterfront views, and top-tier healthcare. Around 231,000 residents live here, with about 19% seniors. Homes average around $1,400,000. Its blend of luxury and comfort makes Oakville an attractive retirement destination.
Final Thoughts
Choosing the best city to retire in Ontario requires careful consideration of your preferences, lifestyle, and budget. Explore various locations firsthand, prioritize what's most important to you, and ensure your retirement years are fulfilling, engaging, and enjoyable.
Thinking About Downsizing?
Many retirees consider downsizing as a way to simplify their lives, reduce household expenses, and move closer to family or essential amenities. Whether you're trading a large home for a cozy condo or relocating to a more retirement-friendly city, downsizing can be a smart step toward a more manageable and fulfilling lifestyle. Want more tips for downsizing? Visit our blog!
Ken Matsumoto
Sale Representative
A highly successful and experienced real estate agent, Ken has been serving clients in the Greater Toronto Area for almost two decades. Born and raised in Toronto, Ken’s passion for helping people find their dream homes and investment properties has been the driving force behind his success. He has a deep understanding of the local real estate market, and his extensive knowledge and experience have earned him a reputation amongst his clients as a trusted and reliable partner when dealing with their real estate needs.
