Ecuador ranked top nation for U.S., Canadian retirees

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American tourists are seen at a tree house, which is used to observe Tungurahua volcano activity from 1.2 km (0.75 miles) of the volcano's crater in Banos CityNEW YORK (Reuters) – With its low cost of living, balmy climate and cheap property prices, Ecuador has been ranked the top foreign retirement destination for North Americans for the fifth consecutive year. The South American nation bordered by Colombia and Peru scored the highest marks in InternationalLiving.com's annual ranking of the best places to retire. With monthly estimated living expenses ranging from $900 to $1,400, Ecuador surpassed Panama, Malaysia, Mexico and Costa Rica, which rounded out the top five countries. …

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