Deux-Montagnes
Expert Debt Relief & Consumer Proposal Help
Deux-Montagnes, debt help, Quebec
Deux-Montagnes, located near Montreal, offers a welcoming community with beautiful natural surroundings and local amenities. However, rising housing costs and limited job opportunities present challenges for residents, especially those facing financial difficulties. With public services under strain, managing everyday expenses and seeking effective debt relief can be particularly tough for individuals dealing with debt in this area.
City: Deux-Montagnes
Province/Territory: Quebec (QC), Canada
Est. Population: 17,915
Financial Challenges
Living in Deux-Montagnes can be tough if you’re having money problems. The cost of housing is rising, making it hard to afford rent or buy a home. Even though the housing market is slowly improving, many people still struggle to find affordable places to live. Additionally, job opportunities are limited because employment growth is slow, which means it might be hard to find work or earn enough money to cover your expenses.
Managing everyday expenses is also a challenge in Deux-Montagnes. With the province facing a big budget deficit, public services like healthcare and education might not have enough money, leading to higher costs for things like medical visits or school fees. This makes it harder for people with tight budgets to get the help they need. On top of that, if you have debt, finding ways to manage or reduce it can be difficult without enough local support and affordable financial solutions.
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 Deux-Montagnes, 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 | 8,420 |
Living in poverty | Number of residents who are living in poverty | 1,989 |
Debt defaulted | Number of residents who have defaulted on a debt payment | 195 |
Insolvencies | Number of residents who filed for insolvency | 45 |
Consumer proposal | Number of residents who filed for a consumer proposal | 34 |
Personal bankruptcy | Number of residents who filed for personal bankruptcy | 11 |
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
Old Deux-Montagnes
This charming area features a mix of historical architecture and modern amenities. The local community vibe is strong, with quaint cafés, boutique shops, and access to scenic walking paths along the waterfront.Sainte-Marthe-sur-le-Lac
Located adjacent to Deux-Montagnes, this suburban neighborhood boasts beautiful lakeside views and parks. It is perfect for families, offering recreational facilities and a peaceful lifestyle while being close to essential services.Domaine Vert
A newly developed residential community, Domaine Vert is known for its spacious homes and family-friendly environment. With parks, schools, and shopping centers nearby, it has become a desirable area for young families.Vieux-Dorion
This historic neighborhood is characterized by its quaint streets and older homes, providing a nostalgic feel. Residents can enjoy local restaurants and shops, as well as easy access to the waterfront, fostering a close-knit community atmosphere.Lakeshore
Nestled along the lake, this picturesque area features waterfront properties and abundant nature. It’s popular for outdoor activities like boating and fishing, and residents can enjoy walking trails and picnicking areas near the water.Les Chutes
Known for its beautiful natural landscapes, Les Chutes offers scenic views and outdoor recreation. The area is ideal for those who appreciate nature, with many hiking and cycling trails, as well as close proximity to amenities.
Illustration of Deux-Montagnes, Quebec, Canada
Cost of Living
This table provides a breakdown of various average cost-of-living expenses in Deux-Montagnes, 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 average cost of living in Deux-Montagnes compared to nearby cities?
- How do housing prices in Deux-Montagnes affect residents’ financial situations?
- What are the primary financial challenges faced by families living in Deux-Montagnes?
- How has the economic outlook in Deux-Montagnes changed in recent years?
- What local job opportunities exist in Deux-Montagnes, and how do they impact residents’ incomes?
- Are there any financial assistance programs available for low-income residents in Deux-Montagnes?
- What is the current unemployment rate in Deux-Montagnes and how does it compare to the national average?
If you have a question about debt see our debt related question or ask your own debt related question.
Overview
Located just north of Montreal, this city is known for its friendly community and beautiful natural surroundings, including parks and waterfront areas along the Rivière des Mille Îles. It offers a mix of residential neighborhoods and access to local amenities, such as shops, schools, and recreational facilities. The area is also well-connected by public transportation, including a train service that provides easy access to Montreal, making it a convenient place for commuters. With a rich history and a strong sense of community, this city is an attractive place for families and individuals looking to enjoy a quieter lifestyle while still being close to urban opportunities.
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!