More Canadians and other expats mull moving from Canada to Mexico.
The trend indicates that they are actively relocating there due to its setting, investment prospects, and economic advantages.
If you are looking to invest as an expat or high-net-worth individual, which is what I specialize in, you can email me (advice@adamfayed.com) or WhatsApp (+44-7393-450-837).
This includes if you are looking for a second opinion or alternative investments.
Some of the facts might change from the time of writing, and nothing written here is formal advice.
For updated guidance, please contact me.
Can I move to Mexico from Canada?
Definitely. There are various visa options for temporary and permanent residence.
For brief visits, Canadians only need a valid passport; they do not require a visa to get into Mexico.
Those who plan to stay in the country for 180 days to four years are eligible for the temporary resident visa, which requires evidence of either real estate ownership or financial independence. If specified, it may permit work and is renewable.
Those who intend to remain in Mexico permanently and who meet the requirements of four years of temporary residency, family ties, or a sufficient income are eligible for the permanent resident visa. Direct application without prior temporary status is possible in certain situations.
Living in Mexico vs Canada
Is it easy for a Canadian to move to Mexico?
The visa options make living in Mexico as an expat comparatively simple.
Speaking Spanish can improve your experience and job prospects, even though many Mexicans use English, particularly in tourist areas. Competing in the local labor market may be difficult for those with little proficiency in Spanish.
Can I go to Mexico with Canada permanent resident card?
Yes, it’s possible. Of course, you also need to have a current passport from your home country. You must show both documents when entering and leaving Mexico.
Can a Canadian get Mexican citizenship?
If a Canadian is not married to or has a child from Mexico, they must have lived there lawfully for five years. They must have a temporary or a permanent resident visa during such time.
The residency requirement is trimmed to two years if they are married to or have a child who is a Mexican citizen.
The candidate may apply for naturalization after meeting the residency requirements. As part of the process, one must:
- Submit certain requirements to the Mexican government
- prove Spanish proficiency
- pass exams on Mexican history and culture
Canada allows dual citizenship.
Is it cheaper to live in Mexico than Canada?
Yes. For comparison, let’s look into the living expenses in their respective capital cities:
- Ottawa’s cost of living is 61.8% higher than Mexico City’s, rent excluded. It’s 57.7% higher including rent, according to Numbeo.
- If you rent in both cities, you would need about 115,137.4 Mexican pesos in Ottawa versus 73,000 pesos in Mexico City to maintain the same standard of living.
- A cheap restaurant meal in Mexico City costs 200.00 pesos, while it’s 363.02 pesos in Ottawa.
- Basic utilities average 787.45 pesos in the Mexican capital and 3,562.33 pesos in Ottawa.
- In Mexico City, a one-bedroom apartment in the center costs 18,216.22 pesos. In Ottawa, the same apartment costs 29,139.53 pesos.
- To buy an apartment in Mexico City’s downtown sits you back around 58,762.90 pesos per square meter, while it’s 102,637.76 pesos in the Canadian capital.
Is it worth it to move to Mexico?
The decision to relocate ultimately boils down to personal partialities.
Let’s look into some benefits and drawbacks to get more info whether the country is a good fit for you or not.
Pros and cons of Moving from Canada to Mexico
Advantages of moving to Mexico
- It has a substantially lower cost of living, with housing, groceries, and medical care being considerably less expensive.
- Foreigners frequently enjoy various cultural experiences and connect w/ local communities with ease.
- There are many activities in the country for those who love the outdoors.
- There are well-established expat communities who can offer resources and assist newcomers.
- The more laid-back way of life enables residents to relish in a slower pace of life that highlights well-being and social relationships.
What are some disadvantages of living in Mexico?
- Although many parts are safe, some areas have higher rates of violence and drug-related crimes.
- Lack of Spanish proficiency can limit employment and cause difficulties in day-to-day living.
- It can be challenging to navigate legal and administrative systems.
- It could take some time to get used to new infrastructure, social mores, and customs, and it could result in culture shock.
- Although living expenses are lower in Mexico than in Canada, wages are much lower there too.
Best places to live in Mexico as a Canadian
Playa del Carmen
This place is a well-liked vacation spot for foreigners because of its beaches and vibrant setting. There are many eateries, stores, and events to enjoy.
The starting monthly cost is $1,500.
Cancún
Despite being a popular tourist destination, the city has first-rate facilities for healthcare, education, and infrastructure.
The cost of living is similar to Playa Del Carmen.
Tulum
Those seeking a more relaxed lifestyle are drawn to Tulum because of its breathtaking natural scenery and bohemian feel. Beautiful beachfront homes and eco-friendly living are its hallmarks.
It’s generally more expensive than Playa del Carmen, though this varies depending on the amenities and location.
Mexico City
There are a lot of facilities perfect for people who do well in cities.
The monthly cost of living is higher vs other places, but there are many services and activities available.
Los Cabos
This region is famous for its opulent resorts. It’s ideal for those looking for fun and relaxation.
Its reputation as a resort destination is reflected in the monthly expenses, which can sit between $2,500 and $4,000.
Pained by financial indecision?
Adam is an internationally recognised author on financial matters with over 830million answer views on Quora, a widely sold book on Amazon, and a contributor on Forbes.
