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Mortgage before marriage? 
Canadians are prioritizing home ownership over wedding day celebrations

82% of respondents say they would scale back or forgo a wedding to put money toward a down payment on a home.

Key highlights from the release include:

  • 79% of respondents say they would consider requesting money for a down payment on a home instead of a traditional wedding gift.
  • Respondents in British Columbia are the most likely to request financial contributions toward a down payment in place of other wedding gifts.
  • Those in Manitoba, Saskatchewan and Quebec are less likely than the average Canadian to request money towards a home as a wedding gift.
  • A majority of respondents (82%) would forgo or significantly scale back a wedding in order to put money towards a down payment on a home.
  • When asked to identify the biggest or most important purchase in a person’s life, 83% of respondents said a home.
  • Canada’s Spring housing market is beginning to show signs of life after a long winter that kept many buyers and sellers on the sidelines. While headlines around economic uncertainty and global conflict continue to weigh on consumer confidence, a recent uptick in activity suggests a slow but welcome start to the spring market.
Read  the full article here.

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