RETIRING in Vancouver [The Ultimate Guide]
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- เผยแพร่เมื่อ 7 ก.ย. 2024
- Moving to Vancouver and enjoying retirement in Vancouver is on a lot of people's minds. If you are thinking about retiring in Vancouver, then you'll want to watch this video.
We get into the pros and the cons of retiring in Vancouver, what are the best neighorhoods and suburbs for retirement in Vancouver, the cost of housing in various parts of Metro Vancouver AND some tips to make the most of your retirement in Vancouver.
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How many days until YOU retire?
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500 days... that's early retirement. Do I stay or do I go. ;)
Days? Quite a few lol. But time flies.
@@OrdinaryFilmmaker haha go of course!
@@nicktankard1244 Yeah, you'll be there before you know it!
@@LivingInVancouver-BC , yep time does fly. But I could work another year or two to increase the pension funding.
Good analysis, Sebastian. I agree with pretty much everything except healthcare being in the pros. The good air and water quality is such a great perk you don’t think about often.
PS today is a great sunny day. Vancouver in the spring is awesome. Can’t wait for the cherry blossoms and magnolias and all that.
@nicktankard1244 Thanks! Everything looks better on days like today, doesn't it? These are the days where we are reminded what is so wonderful in Vancouver.
Healthcare isn't perfect, but it is pretty amazing compared to what MOST of the world deals with. Sure, wait times can be a bit of a pain...but in return we have exceptional humans taking care of us...and we don't have to worry about going broke because we get sick. And quite consistently, it's one of the reasons that people view Canada as a desirable place to immigrate to.
@@LivingInVancouver-BC yeah it was certainly nice today. I enjoyed just walking around.
@nicktankard1244 100%
Great water, great air, great healthcare, great climate, great nature! Simply, number 1!
@gordonpi8674 We certainly have a lot going for us here in Vancouver. :)
We have retired in an equity co-op in Fairview. We love it!
Very informative, thanks!
Thanks @nickiv.o.1215! :)
Allergies are awful here. 😖 However, all your points ring true. I have travelled much of the world 🌎 and Vancouver is by far the best in terms of temperature and size. I retired at 57 last June. Just got a family doctor in Kerrisdale.
@johnnyboyvan I don't personally suffer from allergies, but I'm sure for people that do they are likely worse in a place that has more plant life and a longer growing season than most of the rest of the country. Congrats on early retirement and securing a GP. Two major accomplishments in Vancouver! ;)
I think you did this video for me. I can retire as soon at July, 2025, but for each year I work longer, my pension and savings go up. Each year I evaluate should I stay or should I go. When we meet up in June, the locations we consider will determine how soon I can move things up. I want to move now, but with a 9 yer old, I might have to work a little longer, but who knows - life can change quickly.
Have you thought of doing a monthly market snapshot in your own style? there would always be original content and its dynamic. Like a virtual, let's look at month to month and year to year changes before looking at homes on the market.
The video was definitely inspired by our conversation @OrdinaryFilmmaker. ;) Tough decisions when it comes to deciding when to actually retire, I'm sure! Nice to know it's not too far away, though.
Yeah, the market snapshot video is definitely a possibility. I've done them in the past...and I do report them in my newsletter and on my website (not a video, though). I'm not sure it matches the core content of my channel. But perhaps, as you point out, it's a matter of figuring out how to do it with my own slant.
@@LivingInVancouver-BC Instead of thinking I can to wait 7 years to retire, I have mapped out the next 1-7 years looking at savings, pension and investments. I didn't realize I could retire much sooner. I won't know when my exit strategy is enacted until I know for sure which area we decide on moving too.
All that planning is going to pay off!
Our plan is to have two summers, one here in Vancouver and a second down south somewhere.My wife is already retired, I can retire now, but another 3 years will make a difference to my pension (plus three more years of investments)
@epermute Living the dream. I think that's the ideal situation. Few places can beat Vancouver in the summer months. If you can avoid winters here and hide out on the beach in Mexico or Hawaii or something, that would be ideal!
This has been my focus for the last 6 to 7 years. Living in L.A., and wanting to get away from the clown show that currently is American Politics, Vancouver, for us, is the obvious choice. Mexico is a bit sketchy, even in the best places. You did a great job specifying the pros and cons, but it's difficult because for someone in their seventies, there are a lot of variables. Obviously, at present, someone in the U.S. looking to buy in Canada is out of luck. Even if you try to immigrate, there's a fairly long wait to get a PR, and what to do while you're waiting? Leasing in Vancouver, even at high monthly rates is a real possibility, but then you are subject to the whims of the landlord and not easily able to hop around from residence to residence due to your age. In CA there are numerous assisted living places to choose from. Personally, I'd rather stay home with care, than move to assisted living. I'm surprised that BC hasn't planned for this. Perhaps the Baby Boomer issue is not a problem in Canada. What appeals to me, besides just getting away from the U.S., is the walkability issue; the access to the beauty that is Vancouver; the excellent school system (if, by chance, you're still taking care of a child); the excellent public transportation system; and less congestion than L.A. (at least outside of the city core). Medical care is an issue. If you're coming from a system like Kaiser Permanente in So. Cal, I view the system in Canada as pretty much the same with certain exceptions. Finally, unless your entire family support system is moving with you, it will be even more lonely being on your own if your coming from far away.
@marcberrenson570 I hear you. While our politics isn't quite as extreme as it is in the US, we follow your trends. So we may not be far behind you...unfortunately. While non-Canadians can't purchase in Canada at the moment...there are some exceptions. One is being a PR, but the other is having a work visa. I know that might not help you in your situation, but worth being aware. In terms of renting, keep in mind that if you rent from a corporation you are much less likely to lose your home. Renting from an individual owner (like a condo or a suite in a house) you are much more susceptible being kicked out due to a sale (if the new owner wants to move in). There are definitely assisted living options in Vancouver. Perhaps I glossed over that too quickly in the video. But they do exist...they just are quite expensive...but yes, we have similar demographics to yours! Appreciate your comments!
Does anyone know where the hiking trail is at 3:11 ? Is it Howe Sound?
I do...because I took that video. ;) It's Garibaldi Lake in Garibaldi Provincial Park. That park is an absolute goldmine of natural beauty. One of my favorite places to get into nature around Vancouver.
@@LivingInVancouver-BC Thankyou! Looks very picturesque.. will definitely check out Garibaldi
You'll love it!
How does the healthcare system work in Canada, especially if you're American? What are the VISA options for American seniors looking to retire in British Columbia?
@jamesslate6664 I don't believe that we have a retirement visa category. You'd need to enter the country on a visitor visa and then only be allowed to stay for 6 months out of a year. I believe that it's the same for Canadian Snowbirds? You wouldn't have access to our "free" healthcare system unless you are a permanent resident or citizen, though. If visiting you'll want to get international health insurance (just as we would if we were visiting the US). Hope that helps!
Failed to find family doctor for almost 8 month till now.
@Red9871 Have you tried this? bccfp.bc.ca/for-the-public/find-a-family-doctor/
@@LivingInVancouver-BC Thanks for the pointer. We have registered on the waitlist 3 month ago and updated the situation several days ago. Nothing urgent but the uncertainty forced us to consider the integrity of the whole healthcare system in Canada.
Hopefully it works for you!
Would be a great video if published 20 years ago
BIG TIP... If you want to be poor, HAVE KIDS.!
Haha 100% accurate (I have four, so this hits particularly close to home @huskavarnaband). ;)
Healthcare is one of the biggest reasons i'm super scared to stay here in Vancouver long-term. My health is getting worse, and I can't do anything about it here since healthcare has become pretty much inaccessible. Unless you're actively dying, then after 8 hours of waiting in an ER, you will probably get good care. For chronic stuff, forget about it. Even with cancer, it takes months that you might not have. I have some personal experience with that. But now, even with simple things, you can't get any appointments because most walk-in clinics have stopped accepting new patients. I've been trying to get an ENT appointment, and it's hopeless. So, I'd say if you're in poor health, Vancouver is the last place you want to be.
PS ok you mentioned family doctors in the cons :) I still haven’t found one after 2 years.
Jesus, not you again.
@@epermute not you again. Gonna jump to insults straight away? Or gaslight people into thinking that getting medical care here is easy? I’m just sharing my personal experience.
@@nicktankard1244 yep, you comment, I point out the nonsense you spew. Bring it on. Told you, leave if you don’t like it. Let me know how health care is in the UK ….your land of unicorns and rainbows.
@@epermute which nonsense? The inaccessibility of healthcare in Canada and. Vancouver, in particular, is one of the biggest things people talk about. It’s just facts based on statistics and evidence. You might get lucky, but on average, the healthcare system in Canada is not doing great.
Yeah, I’ve heard NHS is having the same exact problems, which is one of the considerations why I might not move to the UK. I never said the UK was perfect, so don’t spew nonsense. Canada and the UK are pretty bad places to be right now if you have health problems.
Telling people to leave if they don’t like some aspects of the place they are living in is just rude and entitled. We’ve been over this. I can’t leave for now.
@nicktankard1244 There is definitely room for improvement in our system. But it's quite phenomenal. Sure, there are wait times for non-critical care. But if you need it, you will get it. And the quality of the care is exceptional. Perhaps not as good as if you are a billionaire in the US, but I've consistently been impressed with the people and the technology in our system...and I've had quite a bit of experience personally and through close family members going through critical care over the last ten years.
With 4 young children I'm not a stranger to emergency rooms. Whether a broken arm, a baby with an elevated fever or an unusual cough that won't go away. We've spent ALOT of hours in emergency rooms. But it's very clear that critical care gets priority. The broken arm? Took about 10 hours before we left the hospital...but when we came in with a 5 year old with a hacking cough the nurse recognized the risk immediately (she had croup which can quickly close a child's airway that will suffocate them) and we were seen right away.
Tremendously expensive to live. Far from Europe. Rainy winters are not for everyone. Other than that, a tremendous place to live.
@rosaluks644 All pretty true! Thanks for watching and sharing your thought!
You have to be a very well off retiree to be able to live here or your funds wont last.
@djb6313 I don't think anyone is coming to Vancouver thinking it's a cheap retirement community. :)
Is the plan to ring every bit of money out of this place and then move to Montreal. Property should not be a commodity. Don't come!
I'm not sure who this comment is directed at @edwinstar100...me or the viewers? But I'm assuming the viewers? If so, I don't really think it's fair for us to gatekeep, is it? After we get here (and we have all come from somewhere at some point) no one else is allowed in? And I don't think that the people coming here (especially the retirees this video is speaking to) are looking to squeeze money out of anything other than their own RRSPs and pensions.
In any event...thanks for watching the video and sharing your thoughts.
Quality of health care is a bummer….where is your head…😂
I disagree. We have excellent health care here in Vancouver. It's not perfect, but it's far better than most people have in this world...and the quality of our healthcare here contributes to people wanting to move here. Including retirees.
Are you kidding? Who can afford to retire here?
@storeymark Believe it or not, people do retire to Vancouver. And, I hear from some of them directly. I made this video because viewers were asking for it.