Live music concerts are becoming increasingly expensive.
Some venues, like the Ritz Carlton, are seeing upwards of $500,000 in ticket prices per person, according to data from TicketIQ.
The average ticket price for a sold-out event is around $2,700.
A concert at the Royal Albert Hall in Edmonton is expected to cost $8,800.
A Toronto concert at Rogers Centre is expected at $5,700 per ticket.
In Vancouver, the average concert cost $2.2 million.
Tickets are up around 60 per cent in recent years, with the average ticket going up in the last six months.
The big ticket increases have been for arenas and stadiums, with most of the increase happening in the past decade.
A record number of concerts have sold out, which has seen more ticket prices spike.
But there are still some venues that have remained the same or increased ticket prices.
TicketIQ found that venues in Toronto saw the largest price increases, with venues in the GTA increasing by 50 per cent over last year.
Some of the largest increases were for the Toronto Maple Leafs’ Rogers Centre, which saw ticket prices increase by about 60 per per cent and the Vancouver Canucks’ Rogers Arena, which increased by 45 per cent.
Ticket prices for Vancouver concerts also increased, but the number of tickets sold was also down, by about 15 per cent, the data shows.
Toronto concertgoers saw the biggest price increase, with a 20 per cent increase.
Prices have increased in Toronto venues since 2012, according the data.
Tickets were also up across the GTA, with Vancouver increasing the most in 2016, while Toronto saw a 12 per cent jump.
The largest increases in prices were for arenas, where prices increased by 70 per cent from 2013 to 2016.
The majority of the biggest ticket increases were in the Greater Toronto Area, where the average price increased by almost 50 per per percent, according TicketIQ’s data.
Toronto’s concertgoers also saw the most price increases in the country, with concertgoers in the region increased by more than 400 per cent since 2012.
While ticket prices have increased, the percentage of tickets bought has decreased.
In 2018, the number sold for a concert in the United States declined by more a third compared to the previous year, according data from Nielsen SoundScan.
The percentage of concerts sold in Canada has also decreased.
According to the CBC, there were about 16.6 million tickets sold for concert in Canada in 2018, down from 20.1 million in 2018.
This decline in ticket sales was driven in part by the popularity of live concerts, which have been increasing, the CBC reported.
Live concerts have increased attendance and revenue, according Billboard, but it has also created a demand for more affordable tickets.
In 2019, the Canadian Centre for Policy Alternatives found that the average Canadian was paying an average of $1,858 per ticket for a single concert.
The Canadian Centre estimates that by 2020, concert prices will have to increase to about $1.50 per ticket, a figure that will require an increase in revenue from the average household.
The CBC reported that the CBC found that ticket prices for concerts were up by more 25 per cent between 2016 and 2018.
The amount of money spent on ticket prices has been increasing over the past two years.
The total amount spent on tickets rose by nearly 70 per percent in the second quarter of 2019.
The increase was driven by increased demand for tickets for the 2019 FIFA World Cup, which was the most expensive event ever held, according Live Nation, the company that manages ticket sales for the World Cup.
In addition to the increased demand, ticket prices are also getting more expensive for older concertgoers.
The price of a ticket is currently set at $150 per person for concerts at the Roxy Theatre in Los Angeles, the same price as a ticket for the 2018 Winter Olympics.
The Roxy Theater is also offering a $1 million ticket for each ticket sold, which is a 25 per, up from the previous two years, according Topps.
The cost of a concert ticket for older adults is expected, to be around $400 per person by 2020.
Live Nation said the number is also increasing for the 2017 Winter Olympics in Pyeongchang, South Korea, which cost $400 million to $500 million.
There were two concerts in the U.S. this year that cost more than $100 million.
In 2017, The Rolling Stones sold out their concert at Madison Square Garden, which will cost $1 billion to $2 billion.
The band has been playing in Madison Square Gardens since 1978, but that concert was only a few months into its career.