Coteau-du-Lac

Expert Debt Relief & Consumer Proposal Help

_{Coteau-du-Lac, debt relief, Quebec}

Coteau-du-Lac, a historic town in southwestern Quebec, offers scenic outdoor activities but faces rising costs. Starting in 2025, property taxes will increase by 3.125%, straining residents’ finances. With higher overall living expenses, including essential services, individuals may struggle with debt relief options like consumer proposals and debt management, affecting their ability to cover basic needs.

City: Coteau-du-Lac
Province/Territory: Quebec (QC), Canada
Est. Population: 7,473

Financial Challenges

In Coteau-du-Lac, people who are having money problems might find it hard because the city is increasing property taxes by 3.125% in 2025. Even though the tax rate per $100 of home value is going down, homes are worth more now, so the total taxes people pay can still be high. This means that families have to spend more money on their homes, leaving them with less for other things like food or clothes.

Additionally, the city is spending more money on services like police, roads, and cleaning up the environment. This makes the overall cost of living higher. For people who are struggling with money, paying for things like water, sewer, and garbage can be a big challenge. With higher taxes and more expenses, it can be really tough to make ends meet and manage debts in Coteau-du-Lac.

Debt Relief Solutions Available

_{*Illustration of Coteau-du-Lac, Quebec}

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

• Coteau-du-Lac Village: This quaint area serves as the heart of the town, featuring charming homes, local shops, and essential services. It boasts a community-oriented atmosphere and is near historical landmarks, making it a desirable spot for residents and visitors alike.

• Parc des Érables: A picturesque neighborhood known for its green spaces and recreational facilities. The park offers walking trails, picnic areas, and playgrounds, making it a favored location for families and outdoor enthusiasts.

• Lac Saint-Louis Waterfront: This area is well-regarded for its stunning views of Lac Saint-Louis, providing opportunities for watersports, fishing, and scenic strolls along the shoreline. It’s a hotspot for nature lovers and those seeking a relaxing environment.

• Chemin du Roy: A historic roadway that runs through Coteau-du-Lac, this neighborhood features beautiful views of the St. Lawrence River. Its proximity to historical sites and cultural landmarks attracts both residents and tourists.

• Coteau-du-Lac Industrial Park: A thriving area for business and industry, this industrial park hosts various companies and enterprises. It’s pivotal for local economic development, offering job opportunities and attracting investment.

• Les Jardins du Coteau: This residential area is characterized by its modern homes and family-friendly vibe. With amenities nearby and access to schools, it’s a popular choice among young families looking for a supportive community.

• Rue des Pins: A peaceful neighborhood lined with trees and well-kept gardens. The area is known for its tranquility and sense of community, making it perfect for those looking for a quieter lifestyle while still being close to urban conveniences.

_{Illustration of Coteau-du-Lac, Quebec, Canada}

Cost of Living

This table provides a breakdown of various average cost-of-living expenses in Coteau-du-Lac, 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 Coteau-du-Lac compared to other cities in Quebec?
2. How has the housing market in Coteau-du-Lac changed in recent years?
3. What are the main economic activities driving employment in Coteau-du-Lac?
4. Are there any financial assistance programs available for residents facing economic hardship in Coteau-du-Lac?
5. What is the average income level for residents of Coteau-du-Lac?
6. How do property taxes in Coteau-du-Lac compare to those in neighboring municipalities?
7. What financial challenges do residents of Coteau-du-Lac commonly face?
   

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

Overview

Located in southwestern Quebec, this small town is situated along the scenic St. Lawrence River and boasts a rich history that dates back to its founding in 1760. Surrounded by beautiful landscapes, including parks and recreational areas, it offers residents and visitors a variety of outdoor activities such as cycling, hiking, and water sports. The town is also known for its historical sites, including the famous Lachine Canal and various heritage buildings, which highlight its significance in Canadian history. With a close-knit community feel, it fosters connections among residents and provides a peaceful atmosphere for families and individuals alike.