Are you looking for the best city to retire in British Columbia?
The whole idea behind moving to another place can daunt, no matter how far off retirement may be, we all need a back-up plan to manage in a fixed or limited income. Mostly our retirement planning revolves around how, when, and what the handsome amount we need to save; We forget to add where we want to spend. According to a 2019 RBC poll, 39% of pre-retirees expect they’ll never have enough money to stop working, and a 2019 Fidelity Investments poll found that 70% of Canadians expect to keep working in some fashion during their retirement. When we talk about the best place to retire in British Columbia, it automatically considered a potential destination to invest, live, retire with minimum to maximum savings and in demand for skilled workers. Retirement Shield Canada Insurance is here to take care of everything in detail to guide best for you, gathered data on employment rates and incomes, housing affordability, the weather, and crime. After Switzerland and Sweden, British Columbia scoring “A” on the health report card and considered being the top retirement spots in Canada with overall third position ranked by B.C. No doubt before considering where to live we need to consider lots of intangible factors, sometimes we didn’t find the reasonable factors to move to another city or place. Tangible factors can be finances, friends, family, social circle, volunteer work you want to do after retirement, and a lot more based on personal perspective. There is no standard measure, but we concluded lots of things to make up the mind which city is best to live with your family or friends. Here’s a quick rundown of the best cities to retire across British Columbia, Canada that we concluded to help you out.
- Victoria, BC: Victoria has taken the first position to shift to live during retirement because of its low property tax, in an average property tax of $1026 per year. MoneySense’s Victoria scored a fifth living place to retire in Canada due to a multitude of reasons like the healthiest places to live in all of Canada. On average, Victoria has 0.82% of low property tax rates across the whole country and is beneficial to new retirees with their fixed income. Victoria boasts world-class hospitals, doctors with approximately 3.73 doctors per 1000 people, and the city has 319 days of the year. Other than this Victoria has top health care and community care services with physiotherapists, dentists, and any other health care facility that you might need in your retirement and you can access their services from all corners of the city.
- Burnaby, BC: In 2016, Burnaby was ranked 59th overall on the city to live in Canada and the third-largest city in British Columbia with the energetic prosperity of people in the city. Burnaby, BC. has a median household net worth in the city is $650,000 and the best-run city with efficiency and effectiveness of services.
- Surrey, BC: In 2016, Surrey the progressive and a relatively green city is ranked 104 with a growing population. Surrey is a large city to live in British Columbia, Canada. Surrey is a great place to retire with a relatively low crime rate to moderate temperate weather, around 6.5% of the population working in health care and more than 7% of the population traveling to work.
- Vancouver & West Vancouver, BC: The Economist (2016) listed Vancouver as the third most livable city in the world and gave the highest-ranking to West Vancouver to live. After knowing the superb natural environment and the high standard of living, it’s the non-negligible city from the retirement view. Besides this great city has a stable and healthy lifestyle with top-scored health care, education, culture, environment, and infrastructure. All Canadian residents are eligible to enjoy government-funded healthcare and living in British Columbia can apply for British Columbia Medical Service Plan (MSP) that is managed primarily on a provincial level. But one thing to keep in mind that on applying for MSP there will be a waiting period of 3 months to receive your health insurance card. One of the first things we recommend you apply for private health insurance and https://travelshield.ca/about.php is to tide you over. The city has three world-class mountains, hundreds of parks and thousands of hiking trails, one of the world’s largest sea walls and countless rivers and lakes to explore. To explore more about the beauty of this city, visit https://visitcanada.travelshield.ca/2019/10/03/vancouver-canada/ and the world of delicious food https://visitcanada.travelshield.ca/2019/10/03/vancouver-canada-food-station/. There’s so much to do from daily sports activities to excellent walking, underwater sports activities to beautiful biking paths, wonderful golf along with higher than average public transit. It’s a world-class destination for living and investing while driving up for the low crime, low taxes along with the standout quality of living in the Vancouver community.
In the end, no other can decide what is best to live or retire?
But above the information give you an idea that runs contrary to the most appropriate city to choose from. Most important when to consider your needs and desires, don’t forget to consider things like the availability of home health care services and other health care, in any town or city you are considering. There are many things to think before retirement, retirement is not an end, its new start, the new era, need a bulletproof plan that starts from point “A” to “Z.”
Well, that’s it, that’s all!