If you鈥檙e single, you might be pleased to know you鈥檙e saving some money. The price of falling in love keeps climbing higher, according to a new review that鈥檚 come out just in time for Valentine鈥檚 Day.
RateSupermarket.ca鈥檚 third annual 鈥渃ost of love鈥� study says from start to finish, the dating process will run a bill of 鈥� up 11.4 per cent from 2014. That covers a year of dating, a year-long engagement and all the costs associated with a wedding.
鈥淚鈥檓 not saying you should give the gift of a financial plan for Valentine鈥檚 Day, but I鈥檓 thinking that this is a very expensive proposition,鈥� said Pattie Lovett-Reid, CTV News鈥� chief financial commentator. 鈥淵ou鈥檝e got to get it right.鈥�
To arrive at that figure, the market comparison website did a cost analysis on the expenses an average Canadian couple would face over that two-year period. A 鈥渇ancy鈥� date, for example, includes a nice dinner and theatre tickets, while 鈥渃asual鈥� dates take into account the cost of takeout, coffee and Netflix.
Their assumptions might not be perfect 鈥� not everyone gets a beach vacation every year, or throws a $2,000 engagement party. But if you want to get a rough idea of how much Cupid鈥檚 arrow is going to cost, check out the chart below.
