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Mexico and Canada share a vibrant and multifaceted relationship, with tourism playing a significant role in strengthening the ties between the two nations. According to recent statistics, a record 4.2 million Canadians visited Mexico in 2023, surpassing the number of European visitors for the first time and solidifying Canada's position as the second-largest source of tourists to Mexico after the United States.
Retirement and Long-Term Stays
Mexico has become an increasingly popular destination for retirees and those seeking long-term stays, particularly from the United States and Canada. The lower cost of living, warm climate, and vibrant culture attract many expats to retire in Mexico.
On average, a couple can retire comfortably in Mexico for about $2,000-$2,500 USD per month, depending on their location and lifestyle. This typically includes expenses such as housing, utilities, groceries, entertainment, and healthcare. To retire in Mexico, expats need to obtain the appropriate visa.
For stays longer than six months, retirees can apply for a temporary resident visa, which is valid for up to four years. To qualify, they must provide proof of sufficient monthly income or savings. After four years, retirees can apply for a permanent resident visa, which allows them to stay indefinitely and even work in Mexico.
Many expats choose to retire in established communities across Mexico, such as Puerto Vallarta, San Miguel de Allende, Lake Chapala, and Merida, among others. These areas offer a combination of modern amenities, cultural attractions, and a welcoming expat community. Additionally, Mexico's healthcare system is known for its quality and affordability, with many retirees opting for private health insurance or paying out-of-pocket for medical services.