For digital nomads, the possibilities of where to work are virtually limitless. When frigid winter weather rolls around, it’s natural for those who can work remotely to start thinking about snowbirding out to a more temperate locale far from snow, ice, and frozen flurries.
After all, when the temperatures drop, it’s hard to do your best work when all you want to do is curl up in front of the fire.
That’s why Wise put together a list¹ of the best warm cities for digital nomads to visit this winter based on an evaluation of weather, safety, and cost of living data — along with their exchange rates² with.
Canadian currency so you can make the most of your budget as you chase the sun. The list includes cities within +/- one hour of continental Canadian time zones, so it will be easy to adapt your schedule and stay in touch with everyone you work with.
1. Medellin, Colombia
Nicknamed the “City of Eternal Spring” and famous for its annual Flower Festival, Medellin is an ideal place for digital nomads to go for the winter. The weather there is near-perfect during the winter months — not too hot and not too cold.
Plus, there are a variety of coworking spaces available, so you can easily find a place to set up shop and get your work done. The cost of living is very reasonable, and there are many museums, including the Museo de Antioquia, coffee farms, and nature parks to explore in your free time.
The official currency of Colombia is the Colombian peso and the exchange rate is $1,000 CAD = 3,638,960 COP
2. Quito, Ecuador
The capital of Ecuador, nestled in a valley at the base of the majestic Andes Mountains, Quito is a beautiful city built on the ruins of an ancient Incan settlement.
It’s home to a growing community of digital nomads, who are drawn to Quito for its affordable cost of living, fast internet speeds, vibrant cultural scene, and rich architectural heritage.
The city enjoys year-round mild temperatures, making it an excellent place for working remotely in the winter.
The official currency of Ecuador is the US dollar and the exchange rate is 1,000 CAD = 751.03 USD
3. Buenos Aires, Argentina
For digital nomads, Buenos Aires offers an appealing mix of mild weather, affordability, and culturally rich city life. Located in the southern hemisphere, Argentina’s bustling capital city enjoys warm weather even in the middle of winter.
While prices have been rising in recent years, Buenos Aires is still relatively affordable compared to other major cities — and for many, the chance to be surrounded by the city’s beautiful 19th-century architecture is well worth a slight cost increase.
The official currency of Argentina is the Argentine peso and the exchange rate is 1,000 CAD = 121,761K ARS
4. Bogota, Colombia
Located in the Andean mountain range and featuring a subtropical highland climate, Bogota is the sprawling capital city of Colombia and one of the largest cities in South America.
Bogota is a great place for digital nomads to go for the winter because of its temperate climate, affordable cost of living, and abundance of coworking spaces. Plus, the city is full of gorgeous colonial-era landmarks, including the Teatro Colón, and many intriguing museums and historical sites.
The official currency of Colombia is the Colombian peso and the exchange rate is 1,000 CAD = 3,638,960 COP
5. Montevideo, Uruguay
The seaside capital of Uruguay, Montevideo is an affordable city with lovely warm weather during the winter months. Revolving around the beautiful Plaza de la Independencia, Montevideo has a lively and vibrant culture, and can be an excellent place to learn Spanish.
It’s a terrific winter destination for digital nomads looking to escape the cold weather of the northern hemisphere, while still being able to work and enjoy life in a welcoming city full of fascinating Art Deco and colonial architecture.
The official currency of Uruguay is the Uruguayan peso and the exchange rate is 1,000 CAD = 29,927.60 UYU
6. San José, Costa Rica
Built on the coffee trade and brimming with elegant Victorian mansions, San José is a fantastic city for digital nomads to visit for the winter, featuring warm weather and many coworking spaces.
The cost of living is also very reasonable, and you can find apartments for rent at a fraction of the cost of what you might pay in major cities like Toronto, New York or London, while still being able to get out and enjoy world-class museums, parks, and historic buildings.
The official currency of Costa Rica is the colon and the exchange rate is 1,000 CAD = 459,990.00 CRC
7. Cali, Colombia
Cali is known for its beautiful weather, friendly people, and vibrant salsa dancing street parties. In addition, Cali is an affordable, sunny place to live a relaxed lifestyle during the winter months, with many apartments and hotels offering monthly rates.
This makes it a budget-friendly option for digital nomads who want to enjoy all that the city has to offer, including its spectacular neoclassical architecture and historic museums, without breaking the bank.
The official currency of Colombia is the Colombian peso and the exchange rate is 1,000 CAD = 3,638,960 COP
8. Mexico City, Mexico
Full of stunning historical landmarks dating back to the time of the Spanish conquistadors, Mexico City has a large community of expats and digital nomads — and there are plenty of coworking spaces, cafes, and restaurants to work from.
The weather is also perfect for spending time outdoors, and there are plenty of historic buildings, museums, and nature parks to explore. If you’re looking for a vibrant, culturally rich spot for both work and adventure this winter, Mexico City could be a great choice.
The official currency of Mexico is the Mexican nuevo peso and the exchange rate is 1,000 CAD = 14,598.10 MXN
9. São Paulo, Brazil
The sparkling financial center of Brazil, São Paulo is home to many iconic architectural landmarks, including the 1929 Martinelli skyscraper. It’s a bustling, highly populous city with a significant community of digital nomads who occupy the many co-working spaces available.
As Brazil’s richest city, São Paulo isn’t always the cheapest, but for those seeking to explore its beautiful buildings, memorable museums, and peaceful parks, it may be worth a little splurge.
The official currency of Brazil is the real and the exchange rate is 1,000 CAD = 4.002.85 BRL
10. Panama City, Panama
The capital of Panama, Panama City features a multitude of colonial-era landmarks and vibrant plazas with popular cafes that digital nomads can work from. The city’s warm weather is ideal for those who want to escape the cold, and the nightlife is vibrant.
There are also a variety of beaches to visit, and plenty of opportunities to explore the rest of Panama — or simply relax and watch the ships sailing through the city’s iconic canal. It’s the safest city on this list, although the weather isn’t always as pretty as in some other locales.
The official currency of Panama is the Panamanian balboa, and the exchange rate is 1,000 CAD = 750.75 PAB
Paying Like a Local
If you’re seeking warmer horizons this winter, there are so many exciting places where you can soak up the sun and make incredible memories, all while staying within your digital nomad budget.
Just make sure you have a good financial plan in place that enables you to pay like a local wherever you choose to roam. But adventurers beware: that’s probably not simply using your go-to Canadian bank account. From foreign transaction fees and high ATM withdrawal fees, to hidden markups in exchange rates, traditional Canadian bank accounts aren’t typically digital nomad-friendly.
Before you depart, consider setting up a Wise Account and card. Wise is everywhere money: 170 countries, 50 currencies and one card. With a Wise Account you can easily send, receive, hold, and spend money with no hidden fees³. That means paying for rent, groceries, activities and your new friends back easily in local currency.
And while many countries are digital-first, a lot of destinations — including many on this list — still prefer cash payments. With the Wise card, there’s no need to have the cash converted ahead of time. You can simply withdraw cash from local ATMs, and Wise will convert the amount automatically for you at the best conversation rate at the time for a low fee. For making purchases at places that do accept cards, the Wise Card functions like any other debit card in your wallet.
With Wise’s transparent pricing and mid-market exchange rate policy, you always know what you’re paying. That means less financial stress and uncertainty, and more time enjoying your warm weather digital nomad excursions this winter.
¹ Methodology: To compile this list, Wise looked at cities that operate within plus- or minus-one hour of continental Canadian time zones. Cities were then scored based on their rankings on third-party data sources assessing cost of living including rent (source: Numbeo), weather (source: Global Residence Index) and safety (source: Numbeo), as well as whether or not their countries offer digital nomad visas.
² Exchange rates were pulled via Wise.com on November 15, 2022.
³ Please see Terms of Use for your region or visit Wise Fees & Pricing: Only Pay for What You Use for the most up to date pricing and fee information.
Propagate joins TELUS Pollinator Fund as newest portfolio company
Posted in Commentary with tags Telus on December 2, 2022 by itnerdPropagate, a commercial agroforestry platform, has closed a $10M Series A led by Belgium-based The Nest. Other investors included Agfunder, the TELUS Pollinator Fund for Good, Techstars, and Neglected Climate Opportunities, a wholly owned subsidiary of the Jeremy and Hannelore Grantham Environmental Trust, and more.
Propagate is a software, development and financing ecosystem that makes it easy for farms to transition acreage to agroforestry. Their platform provides access to agronomic insights, technical assistance, and financing so that farms can reduce risk while integrating fruit, nut, and timber trees with animal or crop farming systems.
Founded in 2017, Propagate is a Techstars-backed company, a portfolio company of Elemental Excelerator as well as a partner of USDA’s Partnerships for Climate Smart Commodities. Propagate currently advises over 20,000 acres of agroforestry, supporting over 760,000 trees & shrubs. The company also actively manages over 600+ commercial acres, and growing, through its regional agroforestry hubs.
Today, the startup works with farmers, agribusinesses, and service providers to design and install tree-crop systems that work in tandem with existing farm operations. The Propagate ecosystem of products & services includes regenerative farm planning and management software (Overyield), commercial agroforestry development (Propagate Farm Services), and equity investments for agroforestry transition (Agroforestry Partners).
Overyield is a SaaS-based agroforestry farm planning and management software that provides farm design, crop suitability as well as agronomic insights so that the cost, revenues, yield projects, and labor assumptions are transparent by crop by year in order to make implementation easier. This platform can take a project idea from computer screen to productive agroforestry in a matter of hours. As a testament to this timeline, it used to take 80 hours to map out an installation but with Overyield’s project assessment and profitability scoping tools, it only takes eight.
This fundraise will support the company’s efforts to roll out profitability and production forecasting tools within Overyield, hire more experts to the team, and ultimately plant more trees onto the 158 million acres of farmland that are suitable for tree crops in the US. This capital injection follows some serious momentum for the maturing startup. The company raised a $1.5 million seed round in 2020 and in the past year, it has doubled business while planting an additional 37,000 trees in 2022 on farms in NY, Ohio, Kentucky, and Hawaii to name a few locations as well as being awarded as a partner in a $60 million grant from the USDA Climate-Smart Commodities program.
Now the opportunity to scale agroforestry is larger than ever. With $9 trillion earmarked for funding of ESG opportunities between 2022 – 2025, and increasing commitments from corporations to reduce emissions, agroforestry is the most effective climate solution that exists today for the food & ag industry.
Steinberg notes that a 2-3x net increase in profitability per acre is possible with agroforestry. While the long term business case offers an attractive return, overcoming the financing gap is paramount to realizing agroforestry’s value. The Propagate team looked to the solar industry for inspiration, and recently launched Agroforestry Partners to support the growing industry’s project finance needs.
With a comprehensive platform that is already being put to work to institutionalize agroforestry, Propagate is continuing to bring its software, development and financing products to market while supporting tree crop types from shrub fruits like blackcurrant and elderberry to chestnut to timber. The team is also working on Mediterranean and tropical crops with an eye towards global agroforestry needs and plans to expand its team.
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