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Get Married or Get a Mortgage?
September 13, 2023 | Posted by: Angela Robinson
Thinking about buying a house or planning your dream wedding? The costs can vary significantly across different Canadian cities, and we've got the inside scoop!
On average, making a down payment on a home tendsto be pricier than hosting a wedding. However, there are exceptions, especially in several cities throughout Canada.
Top 5 Canadian Cities Where Weddings Surpass Down Payments:
Halifax, Nova Scotia: Wedding - $29,381 vs. Down Payment - $24,596
Quebec City, Quebec: Wedding - $24,819 vs. Down Payment - $21,265
Winnipeg, Manitoba: Wedding - $26,508 vs. Down Payment - $22,943 Victoria, British Columbia: Wedding - $32,674 vs. Down Payment - $30,518Surprisingly, some cities in the Prairie Provinces and Maritimes top the list where weddings can put a more significant dent in your wallet than saving for a home.
When it comes to cities where weddings outpace down payments, Alberta leads the way with three cities in the top 10. Nova Scotia and Quebec follow closely behind.
Seeking advice on managing these major life events? Our team is here to guide you through the financial aspects of your journey. Contact us today at 780-701-3888 or email marc@albertamortgagepros.ca, and we'll be delighted to assist you!
