Canada Ranked One of the Most Expensive Countries for Retirement

Published on January 18, 2024

Canada has been named one of the most expensive countries to retire in. A new report released by Swedish loan and mortgage comparison firm Sambla has placed Canada among the top 10 most expensive countries for retirees. The study, which lists the 20 priciest countries to retire in, put Canada in sixth place behind Switzerland, Monaco, Qatar, Singapore, and Liechtenstein. Australia, Iceland, Austria, and France rounded out the top 10. Sambla created its ranking system by collecting cost-of-living figures for 100 countries. The stats, which did not include rent, were then compared against each country’s retirement age and average life expectancy. That comparison allowed the firm to estimate how much money an average citizen would need to retire in their corresponding country....

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