Finding love in Canada doesn't come cheap, according to the 5th annual Cost of Love study by RateSupermarket.ca.
TORONTO, Feb. 7, 2017 /CNW/ - According to the 2017 Cost of Love study from RateSupermarket.ca, the cost of a budding relationship through to full bloom is $66,444.09, up seven per cent from last year.
The fifth annual study totalled the average costs associated with a one-year dating period, a one-year engagement period, as well as the cost of an average Canadian wedding, including a honeymoon.
"While we understand that each relationship has its unique circumstances, finances have to be considered when preparing for life's milestones, including finding love," says Leonie Tait, Vice President of Marketing at RateSupermarket.ca.
The modest increase in the cost of love year over year could be attributed to rising prices in restaurant food, which led to more expensive dinner dates and event catering for weddings compared to the prior year.
As dining out becomes more expensive, so does our taste in food. With the growing popularity of the "foodie" culture, the bride and groom may wish to stand out at their wedding by creating a distinguished food experience for their guests, translating into higher reception costs.
From Dating to the Honeymoon, Love Costs a Pretty Penny
To find the total cost of love in 2017, RateSupermarket.ca considered many factors including fancy dinner dates, casual movie dates, getaways, engagement rings, engagement parties, wedding attire, venues, a honeymoon, and more. View the Cost of Love infographic for all the courtship details.
How to Subsidize the Cost of Love
Don't let these numbers give you cold feet. Thankfully, there are ways to subsidize costs and keep the love alive:
About RateSupermarket.ca ( www.RateSupermarket.ca )
Launched in 2008, RateSupermarket.ca is Canada's one-stop shop for the best rates on personal finance products; offering over 7 million Canadians the best mortgage rates, credit cards, bank accounts and GIC rates. RateSupermarket.ca is a division of Kanetix Ltd.
RELATED LINKS
www.RateSupermarket.ca
SOURCE RateSupermarket.ca
Tara Bolger, Blue Sky Communications, p: 647 228 3944, e: [email protected]
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