Boisbriand
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Boisbriand, debt help, Quebec
Boisbriand, a suburban community near Montreal, offers a family-friendly atmosphere and local amenities. However, residents face significant financial challenges due to costly condo repairs like leaks and mold, pushing many into debt. Affordable housing is scarce, and job opportunities may not provide sufficient income. Despite government support, many in Boisbriand seek debt relief solutions to manage their financial difficulties.
City: Boisbriand
Province/Territory: Quebec (QC), Canada
Est. Population: 28,308
Financial Challenges
Living in Boisbriand can be tough if you’re having money problems. Many people who live in condos are dealing with big issues like water leaks and mold, which can be very expensive to fix. Some might have to spend up to $480,000 on repairs or sell their homes for much less than they are worth. This makes it hard to keep a stable place to live without going into debt.
Besides the condo problems, finding affordable and safe housing is a big challenge. Prices are high, and not everyone can find a good, cheap place to live. Job opportunities are also important, and while there are some jobs available, not everyone can find work that pays enough to cover their bills. Even though the government is trying to help with more investments and support, many people in Boisbriand still struggle to make ends meet and manage their everyday expenses.
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 Boisbriand, 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 | 13,305 |
Living in poverty | Number of residents who are living in poverty | 3,142 |
Debt defaulted | Number of residents who have defaulted on a debt payment | 309 |
Insolvencies | Number of residents who filed for insolvency | 71 |
Consumer proposal | Number of residents who filed for a consumer proposal | 54 |
Personal bankruptcy | Number of residents who filed for personal bankruptcy | 17 |
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
Vieux-Boisbriand: This charming historical neighborhood features a mix of modern amenities and classic architecture. It is known for its vibrant atmosphere, local boutiques, and community events, making it a favorite spot for families and young professionals.
Bois de la Vallée: Nestled around lush green spaces, this residential area is popular for its peaceful environment and picturesque streets. It offers easy access to parks and recreational facilities, appealing to nature lovers and families.
Boisbriand Centre: This urban area is the commercial hub of Boisbriand, featuring various shops, restaurants, and services. Its convenient location makes it a go-to destination for residents seeking a lively atmosphere and accessibility to necessities.
Les Coteaux: Known for its family-friendly appeal, Les Coteaux offers well-established homes and is close to schools and parks. This neighborhood features a tight-knit community feel, fostering a welcoming environment for families.
Terrebonne: This neighborhood is characterized by its spacious homes and beautiful landscaping. It’s a quieter, suburban community, ideal for those looking for a tranquil lifestyle while still being within reach of the area’s amenities.
Lac des Deux Montagnes: Located near the waterfront, this area provides scenic views and outdoor activities. With its proximity to hiking and biking trails, it attracts residents who appreciate an active, outdoor lifestyle.
Illustration of Boisbriand, Quebec, Canada
Cost of Living
This table provides a breakdown of various average cost-of-living expenses in Boisbriand, 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 cost of living in Boisbriand compared to other cities in Quebec?
- How has the economic outlook for Boisbriand changed in recent years?
- What are the average housing prices in Boisbriand and how do they affect residents’ finances?
- What financial assistance programs are available for residents facing economic challenges in Boisbriand?
- How do employment opportunities in Boisbriand impact the financial stability of its residents?
- What are the average income levels in Boisbriand and how do they affect the overall economy?
- What challenges do residents of Boisbriand face in managing their finances amidst rising living costs?
If you have a question about debt see our debt related question or ask your own debt related question.
Overview
Located in the province of Quebec, this city is a suburban community that is part of the Laurentides region, situated about 30 kilometers northwest of Montreal. It is known for its family-friendly atmosphere, featuring numerous parks and recreational facilities, making it an ideal place for outdoor activities. The city offers various local amenities, including shopping centers, restaurants, and schools, contributing to a convenient lifestyle for its residents. Additionally, its strategic location near major highways allows for easy access to Montreal and surrounding areas, enhancing its appeal as a commuter town.
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!