Corn­wall, one of Canada’s top re­tire­ment des­ti­na­tions


CORN­WALL, On­tario – A lead­ing Cana­dian fi­nance pub­li­ca­tion has listed Corn­wall among the top 10 places to re­tire in this coun­try.

Moneysense, in an on­line re­port re­leased July 31, listed the Se­away City in the num­ber seven spot among other cities like Belleville, Oakville and New­mar­ket.

Ot­tawa took the top spot, fol­lowed by Toronto. The re­port cited prop­erty tax rates, prop­erty costs, weather and avail­abil­ity of doc­tors among its cri­te­ria for con­sid­er­a­tion.

“Corn­wall of­fers a great com­bi­na­tion of mod­ern ur­ban liv­ing with small town friend­li­ness and qual­ity of life,” said Bob Peters, eco­nomic de­vel­op­ment man­ager for the City of Corn­wall. “It is very dif­fi­cult to com­pare one com­mu­nity against another, how­ever we be­lieve that Corn­wall is a great choice when peo­ple are con­sid­er­ing a new place to live, be it to re­tire, raise a fam­ily or start a ca­reer.”

Of the top 10 cities, Corn­wall is ranked in a three-way tie for first place among doc­tors per 100,000 peo­ple with 142. The 2.4 per cent tax rate also com­pares nicely with other cities in the top 10.

“Our rank­ing of the best places to re­tire is… ad­justed to re­flect the needs and in­ter­ests of re­tirees,” said Claire Brownell in her on­line re­port.

Corn­wall has long mar­keted it­self as a des­ti­na­tion for re­tirees from out­side mu­nic­i­pal bor­ders who could be look­ing to sell ex­pen­sive prop­er­ties in ur­ban cen­tres like Toronto and con­sider a smaller home or even a wa­ter­front condo that equates to a frac­tion of the cost of prop­erty in larger com­mu­ni­ties.

The av­er­age price of a bun­ga­low in Corn­wall sits at around $185,000 , and a condo is closer to $200,000 ac­cord­ing to fig­ures pro­vided on the choosec­orn­wall. ca web­site. A prop­erty in Toronto av­er­ages at more than $717,000.

Moneysense has taken it on the chin in the past when it comes to Corn­wall’s re­ac­tion to its rank­ing mech­a­nisms. Corn­wall ranked 289th out of 417 com­mu­ni­ties in Moneysense’s 2017 tab­u­la­tions on the best places to live.

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