South Frontenac
Trusted Consumer Proposal & Debt Relief Help
South Frontenac, debt help, Ontario
South Frontenac, located in Eastern Ontario, is a scenic area with outdoor activities amidst rising costs. With a growing population projected at 26,000 by 2051, residents face challenges like high housing prices (averaging over $560,000), increasing property taxes, and commuting expenses to Kingston. As the cost of living rises, many seek debt relief options to manage their finances effectively.
City: South Frontenac
Province/Territory: Ontario (ON), Canada
Est. Population: 20,188
Financial Challenges
Living in South Frontenac can be hard if you’re struggling with money. Houses are expensive, with the average price over $560,000, which makes buying a home tough. On top of that, property taxes are going up by almost 3%, so you have to pay more each year. Many people work in Kingston, which means you have to spend extra on commuting, like gas and transportation costs. These expenses can make it difficult to manage your budget each month.
Besides housing, the cost of living in South Frontenac is increasing. Everyday things like groceries and utilities are getting more expensive, putting a strain on your finances. Even though the town is building new houses and improving services, these changes can sometimes make things costlier before they get better. If you’re trying to make ends meet, dealing with higher costs for living and commuting can be really challenging and stressful.
Debt Relief Solutions Available
Financial Planning
You are creating a detailed plan to manage your finances, including budgeting, setting financial goals, and saving for future needs. It's about gaining control over your money, making informed decisions, and reducing the likelihood of new debt.
Find out more about Financial PlanningDebt Management Plan
Pay off your debt through consolidated payments and sometimes lower interest rates. In a Debt Management Plan (DMP), a credit counselor works with creditors to negotiate terms that make your debt more manageable, resulting in a single monthly payment.
Find out more about Debt ManagementDebt Consolidation
Combine multiple debts, such as credit card balances and personal loans, into a single loan with a lower interest rate. This can simplify your payment process and reduce the total interest charges over time, making it easier to pay down your debt.
Find out more about Debt ConsolidationDebt Settlement
Negotiate with your creditors to reduce the amount you owe in exchange for a reduced lump-sum payment. Creditors are willing to write off the debt because they receive immediate payment. Typically, these negotiations are handled by debt settlement companies.
Find out more about Debt SettlementConsumer Proposal
A consumer proposal is a legally binding agreement between you and your creditors to repay a portion of your debt over an extended period. Administered by an LIT, the proposal will outline a fixed monthly payment plan you can afford.
Find out more about Consumer ProposalsBankruptcy
Personal bankruptcy is a legal process that relieves individuals who cannot repay their debts. It involves erasing most of your unsecured debts and giving you a fresh financial start, but it also has a long-term impact on your credit rating.
Find out more about Bankruptcy*Illustration of South Frontenac, Ontario
Debt Data
This table includes estimates on the number of residents who are experiencing financial stress situations. You are not alone.
Item | Description | Estimated |
---|---|---|
Living paycheck to paycheck | Number of residents who are living paycheck to paycheck | 9,488 |
Living in poverty | Number of residents who are living in poverty | 2,241 |
Debt defaulted | Number of residents who have defaulted on a debt payment | 220 |
Insolvencies | Number of residents who filed for insolvency | 50 |
Consumer proposal | Number of residents who filed for a consumer proposal | 38 |
Personal bankruptcy | Number of residents who filed for personal bankruptcy | 12 |
The estimates above are based on the following ratios living paycheck to paycheck rate (47%), poverty rate (11.1%), delinquency rate (1.09%), insolvency rate (0.25%), consumer proposal rate (0.19%), personal bankruptcy rate (.06%) from the following sources leger360.com, statcan.gc.ca, consumer.equifax.ca and is, d-isde.canada.ca.
Elimiate up to 80% of Your Debt
High cost of gas, high cost of groceries, high lending rates, low salary - being in debt is not your fault! See if you qualify for government debt programs and get out of debt today!
Areas / Neighbourhoods
Sydenham
Sydenham is a charming village known for its historical significance and beautiful waterfront along Sydenham Lake. It offers a quaint atmosphere with local shops, restaurants, and community events, making it a popular destination for both residents and visitors.Ompah
Ompah is a small community nestled in the Canadian Shield and surrounded by nature, making it a haven for outdoor enthusiasts. It’s known for its close-knit community, recreational activities like hiking and fishing, and access to nearby parks and trails.Mount Еden
Mount Eden is an appealing rural area featuring spacious properties and a serene country lifestyle. It’s popular among those seeking tranquility away from the hustle and bustle of urban life while still being a short drive from essential amenities.Ballantry (formerly known as Ballantyne)
Known for its pastoral scenery and a mix of residential properties, Ballantry appeals to those looking for a blend of rural setting and community feel. The area has attracted residents who appreciate the quiet charm and scenic views.Kenchek
Kenchek is a picturesque neighborhood situated near many lakes and parks, making it a hotspot for recreational activities. It’s favored by families and retirees who enjoy a peaceful living environment with easy access to outdoor activities.Battersea
Battersea offers a quaint rural setting with a strong sense of community. The village hosts various events throughout the year and boasts charming local businesses, making it an attractive area for those who appreciate small-town living.Loughborough Lake
This area is known for its stunning waterfront properties and recreational opportunities, particularly boating, fishing, and swimming. It attracts both seasonal residents and year-round inhabitants seeking a lakeside lifestyle.
Illustration of South Frontenac, Ontario, Canada
Cost of Living
This table provides a breakdown of various average cost-of-living expenses in South Frontenac, Canada to help understand the financial requirements for different living situations.
Item | Description | Average Cost |
---|---|---|
Housing (1BR) | Monthly rent for a 1-bedroom apartment | $2,400 |
Housing (2BR) | Monthly rent for a 2-bedroom apartment | $3,000 |
Average Home Price | Average price to purchase a home | $885,000 |
Utilities | Monthly cost for electricity, heating, water, and garbage | $145 |
Food (Single) | Monthly grocery cost for a single person | $350 |
Food (Family) | Monthly grocery cost for a family of four | $1,000 |
Healthcare (Rx) | Monthly cost for prescription medications | $35 |
Healthcare (Dental) | Monthly cost for dental care | $200 |
Healthcare (Vision) | Monthly cost for vision care | $225 |
Transportation (Public) | Monthly cost for public transit | $2,400 |
Transportation (Car) | Monthly cost for car ownership | $650 |
Childcare (Daycare) | Monthly cost for daycare | $1,250 |
Childcare (After-School) | Monthly cost for after-school programs | $400 |
The cost of living data is based on provincial averages and may differ between cities, towns, and rural areas.
Top Questions
- What is the average cost of living in South Frontenac, Ontario?
- How do property taxes in South Frontenac compare to other regions in Ontario?
- What are the job prospects like in South Frontenac and surrounding areas?
- What is the average household income in South Frontenac?
- Are there financial assistance programs available for residents of South Frontenac?
- What are the current trends in housing prices in South Frontenac?
- How does the cost of utilities in South Frontenac affect residents’ budgets?
If you have a question about debt see our debt related question or ask your own debt related question.
Overview
Situated in Eastern Ontario, this area features a mix of rural landscapes, lakes, and charming small communities, making it a picturesque place for outdoor activities. With a growing population projected to reach around 26,000 by 2051, it offers numerous recreational opportunities such as hiking, fishing, and boating, especially around its many water bodies. Residents often seek services and employment in nearby Kingston, which adds to the area’s community feel. Additionally, local initiatives focus on enhancing infrastructure and recreational facilities, ensuring the area continues to be an enjoyable place for both long-time residents and newcomers.
Elimiate up to 80% of Your Debt
High cost of gas, high cost of groceries, high lending rates, low salary - being in debt is not your fault! See if you qualify for government debt programs and get out of debt today!