Temiskaming Shores

Free Credit Counselling & Solutions

_{Temiskaming Shores, debt relief, Ontario}

Temiskaming Shores, a city in northeastern Ontario, faces economic challenges due to rising taxes and utility rates, making it tough for families to manage bills. With limited high-paying jobs and reliance on small businesses, financial stress is prevalent. Despite its scenic beauty and community events, residents seeking debt relief may struggle amid these economic conditions.

City: Temiskaming Shores
Province/Territory: Ontario (ON), Canada
Est. Population: 9,920

Financial Challenges

Living in Temiskaming Shores can be tough if you’re having money problems because the city has been raising taxes and utility rates. For example, property taxes went up by 1.5%, water and sewer rates increased by 2%, and there is a new $10 fee for garbage. These extra costs make it harder for families to pay their bills each month. Additionally, the city spends more money on things like policing and fixing roads, which might mean even higher taxes in the future.

Working in Temiskaming Shores can also be challenging for those struggling financially. The city doesn’t have big industries like mining or forestry, so there aren’t as many high-paying jobs available. Most jobs come from small businesses, which might not pay as much or offer stable employment. Plus, many businesses rely on volunteers, and there is a shortage of workers because the population is getting older. This makes it harder for people to find good jobs, which can lead to more financial stress.

Debt Relief Solutions Available

_{*Illustration of Temiskaming Shores, Ontario}

Debt Data

This table includes estimates on the number of residents who are experiencing financial stress situations. You are not alone.

_{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.}

Areas / Neighbourhoods

• New Liskeard
  New Liskeard is one of the most prominent areas within Temiskaming Shores, known for its vibrant downtown area. It features a mix of shops, restaurants, and essential services. The waterfront along Lake Temiskaming offers beautiful views and recreational opportunities such as walking paths and parks.

• Haileybury
  Haileybury is recognized for its beautiful historic architecture and a strong sense of community. This neighborhood features the picturesque Haileybury Waterfront, complete with parks and walking trails. It’s also known for its local arts scene and various community events throughout the year.

• Cobalt
  Cobalt is a smaller but historically significant area, famous for its rich mining history. It offers a charming small-town atmosphere and is home to several heritage sites, museums, and outdoor activities. Its unique character is enhanced by artistic installations and community events celebrating local culture.

• Dymond
  Dymond is primarily a residential area that has seen growth and development. It features family-friendly amenities, parks, and schools. The neighborhood is known for its quiet streets and community-oriented atmosphere, making it a desirable location for families.

• Temiskaming Shores Downtown
  The downtown core of Temiskaming Shores combines various businesses, recreational facilities, and cultural spots. It serves as the hub for social and community activities, hosting events throughout the year and providing access to essential services, shops, and eateries.

• South Temiskaming
  This rural area consists of smaller communities and farms, providing a peaceful setting ideal for those seeking a quieter lifestyle. South Temiskaming is known for its outdoor recreational opportunities, such as hiking, fishing, and winter sports, as well as its friendly neighborhoods.

_{Illustration of Temiskaming Shores, Ontario, Canada}

Cost of Living

This table provides a breakdown of various average cost-of-living expenses in Temiskaming Shores, Canada to help understand the financial requirements for different living situations.

_{The cost of living data is based on provincial averages and may differ between cities, towns, and rural areas.}

Top Questions

1. What is the average cost of living in Temiskaming Shores compared to other cities in Ontario?
2. How is the job market in Temiskaming Shores, and what are the primary industries driving the economy?
3. What financial assistance programs are available for residents facing economic challenges in Temiskaming Shores?
4. How does the housing market in Temiskaming Shores impact affordability for new residents?
5. What are the average wages for common jobs in Temiskaming Shores, and how do they compare to the cost of living?
6. Are there any local initiatives aimed at improving the economic outlook for residents of Temiskaming Shores?
7. What are the most common financial hardships faced by residents of Temiskaming Shores?
   

If you have a question about debt see our debt related question or ask your own debt related question.

Overview

Temiskaming Shores is a small city located in northeastern Ontario, Canada, known for its beautiful landscapes and outdoor recreational activities. It is situated along the shores of Lake Temiskaming, offering residents and visitors opportunities for fishing, boating, and hiking. The city was formed in 2004 through the amalgamation of several communities, including Haileybury, New Liskeard, Dymond, and part of the Township of Harris. With a rich history in mining and agriculture, the area also boasts several annual events and festivals that celebrate local culture and heritage, making it a welcoming place for families and newcomers.