How much does the average Canadian Household spend on Cable and/or Streaming services annually?
The way Canadians consume media has drastically changed in the last decade. Gone are the days when families would gather around the television to watch their favorite shows and sporting events. Today, Canadians have a plethora of options when it comes to entertainment, from traditional cable packages to streaming services like Netflix, Amazon Prime Video, and Disney+. But how much are Canadian families spending annually on cable and streaming services to watch sports, TV shows, and movies? Let’s find out.
According to a recent survey conducted by a leading research institute, the average Canadian household spends $185 per month on telecommunications services, which includes internet, television, and phone services. This adds up to an annual cost of $2,220. However, the survey also found that Canadians are increasingly opting for streaming services over traditional cable packages. In fact, 62% of Canadian households now subscribe to at least one streaming service.
So, how much are Canadian families spending on streaming services specifically? The same Angus Reid Institute survey found that the average Canadian household spends $49 per month on streaming services, which adds up to an annual cost of $588. This includes popular services like Netflix, Amazon Prime Video, and Disney+, as well as sports-specific services like DAZN, which streams live sports events.
When it comes to cable packages, the cost varies greatly depending on the provider and package selected. According to the Canadian Radio-television and Telecommunications Commission (CRTC), the average monthly cost of a basic cable package in Canada is $25. However, this cost can increase significantly if additional channels and features are added.
When you factor in the cost of both cable and streaming services, the average Canadian household can expect to spend anywhere from $37 to $185 per month on entertainment, depending on their preferences and viewing habits. This adds up to an annual cost of $444 to $2,220.
It’s worth noting that the cost of cable and streaming services can vary greatly depending on the province or territory in which you reside. For example, in Quebec, basic cable packages are heavily regulated by the government, resulting in a much lower average monthly cost of $12. In contrast, residents of the Northwest Territories may have limited options when it comes to providers and may face higher costs as a result.
In conclusion, the average Canadian family can expect to spend anywhere from $444 to $2,220 annually on cable and streaming services to watch sports, TV shows, and movies. However, the rise of streaming services has provided Canadians with more options than ever before, allowing them to tailor their entertainment experience to their specific preferences and budget.
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