Beaconsfield
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Beaconsfield, debt help, Quebec
Beaconsfield, a charming suburb on Montreal’s western side, offers scenic parks and a vibrant community but presents challenges for residents facing financial issues. Rising taxes and housing costs strain budgets, while limited job opportunities complicate debt management. For those seeking debt relief, navigating these economic pressures can be particularly difficult in this picturesque locale.
City: Beaconsfield
Province/Territory: Quebec (QC), Canada
Est. Population: 19,277
Financial Challenges
Living in Beaconsfield, Quebec can be tough if you’re having money problems. Taxes are going up every year, which means you have to pay more of your hard-earned money without getting better services like police or public transit. This extra tax burden makes it harder to afford everyday things like groceries and utilities. Plus, the cost of houses is rising fast, so if you’re trying to buy a home or even keep up with rent, it can put a big strain on your budget.
Working in Beaconsfield also has its challenges. The local economy isn’t growing much, and job opportunities might be limited, especially with changes in trade and immigration that affect businesses. If you’re struggling to find a stable job or your current job doesn’t pay enough, managing bills and debts becomes more difficult. All these factors combined can make living and working in Beaconsfield stressful for those who are already facing financial issues.
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 Beaconsfield, Quebec
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 | 9,060 |
| Living in poverty | Number of residents who are living in poverty | 2,140 |
| Debt defaulted | Number of residents who have defaulted on a debt payment | 210 |
| Insolvencies | Number of residents who filed for insolvency | 48 |
| Consumer proposal | Number of residents who filed for a consumer proposal | 37 |
| 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
Beaconsfield Village
A picturesque neighborhood known for its charming small-town feel. It features tree-lined streets, boutique shops, and a vibrant community atmosphere. The area is popular for its close access to the waterfront and local parks.Beaconsfield Heights
This area is characterized by its spacious properties and mature trees, attracting families and professionals. It offers a mix of private and public schools, as well as convenient access to major roadways and services.Pointe-Claire Village
While technically part of Pointe-Claire, its proximity to Beaconsfield makes it a popular area for residents seeking cafes, boutiques, and historic architecture. The waterfront parkland along Lac des Deux Montagnes is a highlight.West Beaconsfield
A quiet, suburban neighborhood that is perfect for families. It includes several parks, schools, and community recreation facilities, contributing to a friendly, community-oriented vibe.Beaconsfield South
This area is known for its larger homes and well-maintained lawns, often appealing to families and professionals. Beaconsfield South also features convenient access to local amenities and transport links.Forest Hill
A tranquil, residential neighborhood offering spacious homes and ample green spaces. It’s popular for its sense of community and is home to numerous parks and walking paths, making it ideal for outdoor enthusiasts.
Illustration of Beaconsfield, Quebec, Canada
Cost of Living
This table provides a breakdown of various average cost-of-living expenses in Beaconsfield, Canada to help understand the financial requirements for different living situations.
| Item | Description | Average Cost |
|---|---|---|
| Housing (1BR) | Monthly rent for a 1-bedroom apartment | $1,270 |
| Housing (2BR) | Monthly rent for a 2-bedroom apartment | $1,750 |
| Average Home Price | Average price to purchase a home | $502,000 |
| Utilities | Monthly cost for electricity, heating, water, and garbage | $200 |
| Food (Single) | Monthly grocery cost for a single person | $300 |
| Food (Family) | Monthly grocery cost for a family of four | $850 |
| 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 | $1,270 |
| Transportation (Car) | Monthly cost for car ownership | $550 |
| Childcare (Daycare) | Monthly cost for daycare | $650 |
| Childcare (After-School) | Monthly cost for after-school programs | $300 |
The cost of living data is based on provincial averages and may differ between cities, towns, and rural areas.
Top Questions
- What is the current average cost of living in Beaconsfield, Quebec?
- How do housing prices in Beaconsfield compare to nearby municipalities?
- What are the main economic drivers in Beaconsfield’s local economy?
- What financial assistance programs are available for residents facing economic challenges in Beaconsfield?
- How has the economic outlook for Beaconsfield changed in recent years?
- What are common financial challenges faced by residents in Beaconsfield?
- How does the local tax rate in Beaconsfield affect the overall cost of living for residents?
If you have a question about debt see our debt related question or ask your own debt related question.
Overview
Located on the western part of the Island of Montreal, this city is a picturesque suburb known for its beautiful parks, waterfront views, and friendly community. It offers a mix of nature and urban living, providing residents with access to outdoor activities such as biking and boating, alongside local shops and restaurants. The area also has a strong focus on education, with well-regarded schools that serve the local population. The community is diverse, celebrating various cultures through local events and festivals, making it a great place for families and individuals alike.
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!