According to HSBC's market research on expatriates, Canada remains an attractive country for those moving abroad, suitable for building a family and for retirement.
HSBC's survey of over 7,000 expatriates from 90 countries worldwide shows that respondents believe that the quality of life offered in Asia is the highest, while Canada excels in inclusivity and lifestyle, making it suitable for long-term residence, with 90% of respondents feeling a strong connection to Canada.
This HSBC survey is the largest market research project on expatriates globally and is now in its sixth year, aimed at understanding the views and attitudes of those moving abroad. Respondents rated Canada highest for inclusivity, lifestyle, and financial benefits.
In terms of feelings, as many as 90% of respondents stated they feel closely related to Canada, while globally, only 66% of immigrants feel a strong connection to their country of residence. On the other hand, 72% of expatriates moving to Canada maintain ties with their home country, compared to a global rate of 80%.
When discussing future plans, 86% of expatriates in Canada reported making local retirement investments, which is the highest rate globally, indicating that many expatriates consider Canada a place for long-term residence. However, in terms of cost-effectiveness ranking, respondents placed Canada 30th out of 37, based on factors such as housing, transportation, groceries, education, childcare, taxation, and healthcare services.
