The city in Alberta was one of the cheapest places to retire in Canada

With millions of baby boomers in the United States poised to reach retirement age this year, the nation's citizens are looking north toward an affordable retirement while enjoying the best possible quality of life.

Travel + Vacation The magazine recently released a list of the 10 cheapest places to retire in Canada, and one city in Alberta made the cut.

For his list, Travel + Vacation Covers housing costs, health care, things to do, weather, lifestyle and culture in Canada's provinces.

At No. 10, Cochrane, Alberta is described as a “fast-growing community known for outdoor activities such as golf, hiking and mountain biking.”

Travel + Vacation spoke with retiree Gordon Stewart, who said, “There are so many gems in Canada's southwest, so many affordable, off-the-beaten-track towns.”

“We love Cochrane – the mountain view, the scenery and the people. “It's cold in the winter, but we'll be playing golf by May,” he added.

In addition, Cochrane's proximity to Calgary suggests good health care facilities and consumer prices. The magazine notes that rental prices are 67% lower than in New York.

Other Canadian cities to make the list:

• Halifax, Nova Scotia
• Quebec City, Quebec
• Winnipeg, Manitoba
• Kingston, Ontario
• Regina, Saskatchewan
• Prince George, B.C
• West Kelowna, BC
• Charlottetown, PEI
• Fredericton, New Brunswick

Why are US retirees eyeing the Great White North? According to current data, the overall cost of living in Canada is relatively low compared to the US, and the quality of life is high.

“And not all retirees go south for the sunshine; many enjoy the seasonal changes, winter sports and all that Canada has to offer.”