In recent years, many Canadians have embraced Mexico as their new home, fostering a warm and friendly relationship between the two countries. This migration trend can be attributed to a combination of factors, including a more affordable cost of living, a pleasant climate, and enticing lifestyle opportunities, the perfect combination for making Mexico your Second Home.
Let’s talk about money:
One of the fundamental driving forces behind Canadian migration to Mexico is the significant difference in the cost of living between the two countries. According to data from Numbeo, the cost of living in Mexico is considerably lower than in Canada. For instance, the cost of groceries in Mexico is approximately 51% lower than in Canada, while restaurant prices are about 58% lower. Additionally, housing expenses are significantly more affordable, with rent for a one-bedroom apartment in the city center of Toronto being approximately 264% higher than in Mexico City. Good right?
Retire like a boss:
Mexico’s inviting climate and diverse landscapes particularly appeal to Canadian retirees seeking a fulfilling and vibrant retirement experience. According to the Canadian Government, over 100,000 Canadians currently reside in Mexico, with a significant portion being retirees. The lower cost of living enables retirees to stretch their retirement savings further, while access to quality healthcare and a welcoming expatriate community enriches their overall quality of life. Additionally, Mexico offers various visa options for retirees, such as the Temporary Resident Visa, which allows them to live in Mexico for extended periods.
The friendliest culture in the world:
Beyond economic factors, the strong sense of friendship and cultural exchange between Canadians and Mexicans is pivotal in attracting Canadians to Mexico. According to a survey conducted by the Environics Institute, 87% of Canadians view Mexico favourably, and 77% believe that Mexicans have a favourable view of Canadians. This positive perception contributes to the welcoming environment that Canadians experience when they migrate to Mexico. Moreover, the survey found that 63% of Canadians feel that Mexico is a safe destination.
Safety and security:
Contrary to popular misconceptions, Mexico offers a safe and secure living environment for both locals and expatriates. According to the Global Peace Index, which measures the relative peacefulness of countries, Mexico ranked 140 out of 163 countries in 2021, indicating a moderate level of calm. Popular expat destinations, such as the Riviera Maya and Lake Chapala, have low crime rates and dedicated security measures to ensure the safety of residents and tourists.
Enough reasons to have your Second Home in Mexico? The substantial difference in the cost of living between Canada and Mexico, coupled with the welcoming nature of the Mexican people and the perception of safety, creates a sense of home away from home!
The Canadian Migration to Mexico is a Trend!
