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Couples Prefer Cash for Down Payments, Not Traditional Gifts
Description
Canadian couples are rethinking wedding gifts, with 79% considering cash for down payments, and 37% definitely asking for it. A majority of married individuals would have preferred this option, and 55% would have saved for a home instead of hosting a wedding. British Columbia leads the trend, while Manitoba, Saskatchewan, and Quebec are less inclined. This shift coincides with increasing mortgage debt and rising cost of living, with couples now needing $1.7 million for retirement. Financial realities are influencing life decisions, with some suggesting renewable relationship contracts over traditional marriage.
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