82% of respondents say they would scale back or forgo a wedding to put money toward a down payment on a home<\/p>\n
With the rising cost of living continuing to reshape financial priorities, more Canadians are rethinking the traditional \u201cdream wedding\u201d in favour of a different long-term goal: home ownership. From smaller guest lists and backyard ceremonies, to courthouse weddings and delayed honeymoons, couples are making bigger sacrifices to help get a foot on the property ladder.<\/p>\n
According to a recent\u00a0Royal LePage<\/strong>\u00a0survey, conducted by\u00a0Burson<\/strong>,1<\/sup>\u00a079% of respondents who are planning a wedding, or who have someone in their life who is, say they would consider requesting money for a down payment on a home instead of a traditional wedding gift (37% say definitely, and 42% say maybe). Of those respondents who are already married, 57% say they would have liked to request money for a down payment on a home instead of a wedding gift; 10% say they did in fact request money for their wedding.<\/p>\n \u201cFew milestones carry more weight than buying a home or getting married. As the cost of living puts pressure on household budgets across the country, more Canadians are finding themselves having to make difficult trade-offs between the two \u2013 and in many cases, it\u2019s the wedding that gets scaled back,\u201d\u00a0said Anne-Elise Cugliari Allegritti, vice president of research and communications, Royal LePage.\u00a0<\/strong><\/p>\n \u201cThere is no one-size-fits-all answer to the question \u2018rings or real estate?\u2019. Every couple is different, and so are the circumstances under which they navigate these important life events. However, rising living costs \u2013 extending well beyond housing alone \u2013 are causing many Canadians to reassess how they prioritize major celebrations and long-term financial goals,\u201d she noted. \u201cIn the past, tradition may have dictated first marriage, then mortgage. Today, many couples are having to balance their desire for a once-in-a-lifetime wedding celebration with the reality of building equity and securing their financial future. For some, that means prioritizing getting into the housing market before walking down the aisle. Many people are recognizing that while a wedding is a beautiful one- or two-day event, a home is a lifetime investment.\u201d<\/p>\n When asked if they would forgo or significantly scale back a wedding to put money towards a down payment on a home, 46% of respondents across Canada say definitely; 36% say maybe. When thinking back to their own wedding, over half (55%) of married respondents say they would have forgone or significantly scaled back a wedding to put money towards a down payment on a home.<\/p>\n According to The Knot\u2019s 2025 Global Wedding Report, the average wedding costs approximately $33,000 USD, before a honeymoon or wedding rings (more than $45,000 CAD).2\u00a0<\/sup><\/p>\n \u201cWith weddings, couples have more options when it comes to lowering costs \u2013 trimming the guest list, choosing a more modest venue, or cutting back on extravagant extras. Housing offers less flexibility, without compromising on size or location. As a result, some couples are choosing to trade the champagne toasts for a sizable down payment because they know that while you can always throw a party later, you may not always be able to find your forever home at today\u2019s prices.\u201d<\/p>\n Other interesting highlights from the survey:<\/p>\n Source:<\/p>\n Senior Manager, Research & Communications, Royal LePage<\/p>","protected":false},"excerpt":{"rendered":" 82% of respondents say they would scale back or forgo a wedding to put money toward a down payment on a home With the rising cost of living continuing to reshape financial priorities, more Canadians are rethinking the traditional \u201cdream wedding\u201d in favour of a different long-term goal: home ownership. From smaller guest lists and […]<\/p>\n","protected":false},"author":724,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-1997","post","type-post","status-publish","format-standard","hentry","category-nouvelles"],"acf":[],"_links":{"self":[{"href":"https:\/\/lucynefarand.com\/en\/wp-json\/wp\/v2\/posts\/1997","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lucynefarand.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lucynefarand.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lucynefarand.com\/en\/wp-json\/wp\/v2\/users\/724"}],"replies":[{"embeddable":true,"href":"https:\/\/lucynefarand.com\/en\/wp-json\/wp\/v2\/comments?post=1997"}],"version-history":[{"count":1,"href":"https:\/\/lucynefarand.com\/en\/wp-json\/wp\/v2\/posts\/1997\/revisions"}],"predecessor-version":[{"id":1998,"href":"https:\/\/lucynefarand.com\/en\/wp-json\/wp\/v2\/posts\/1997\/revisions\/1998"}],"wp:attachment":[{"href":"https:\/\/lucynefarand.com\/en\/wp-json\/wp\/v2\/media?parent=1997"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lucynefarand.com\/en\/wp-json\/wp\/v2\/categories?post=1997"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lucynefarand.com\/en\/wp-json\/wp\/v2\/tags?post=1997"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Saying \u201cI do\u201d to home ownership first<\/strong><\/h2>\n
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Michelle McNally<\/h3>\n