Asked by: Hidaya Boehnischasked in category: General Last Updated: 18th January, 2020
How much is the wedding industry worth in Canada?
In respect to this, how big is the wedding industry in Canada?
According to the website groomnbride.ca, yearly revenue generated by the wedding industry in Canada is more than $4 billion, with more than 150,000 weddings annually, 43 per cent of which are in Ontario.
Furthermore, who pays for wedding in Canada? A study by BMO, reports that Canadians spend an average of $15,000 for their wedding. These days, modern couples usually defray all costs and often times parents on both sides contribute to the wedding. Your niece's civil wedding, as opposed to a religious one, has no impact on the monetary question of her marriage.
Likewise, people ask, how much does a typical wedding cost in Canada?
The average wedding cost in Canada is roughly $29,450 - which is pretty steep, especially if you're working with the average millennial budget.
What is the average cost of a simple wedding?
Though estimates vary, the cost of an average wedding is well into the five figures. The website costofwedding.com pegs the national average at $25,764, while The Knot reports an average of $33,391. The Knot also says the typical wedding includes 100 to 150 guests.