You are entirely missing the point of my post.pmcd wrote: ↑Oct 5th, 2018 2:20 pmWhy would you want more land and a larger home when you are old? Just more things to maintain. I agree that moving from Toronto or Vancouver will result in lower housing, but that entails starting over from scratch. Nothing familiar, family at a distance, etc... In any case, you’d have to move really far from Toronto to make it worthwhile. There’s a reason why you pay less in various parts of Canada. Basically, fewer people want to live in those areas.
You want to move into a small condo, fine. There are condos in other cities in Canada. You can buy a condo in Fredericton or Halifax for 1/3 the cost of your condo in Toronto.
"Family at a distance" ? Its a 2 hour direct flight. With all the money you will save you could fly home every single weekend if you so chose.
The point of my post is there is no reason to consider retiring in a third world country when you can just move somewhere lower-cost in this country.