Dorval
Debt Relief Solutions with Proposals & Bankruptcy
Dorval, debt help, Quebec
Dorval, located on Montreal’s western edge, offers beautiful parks and waterfront access but faces challenges for low-income residents. High housing costs, rising prices for essentials, and limited job opportunities create financial strain. Many struggle with debt, and reduced government services exacerbate their situation, making debt relief options crucial for those living there.
City: Dorval
Province/Territory: Quebec (QC), Canada
Est. Population: 19,302
Financial Challenges
Living in Dorval can be hard for people who don’t have much money. The cost of renting or buying a home is high, which makes it tough to find a place to live. Everyday things like food and gas are also getting more expensive, so families have to spend more of their money just to buy what they need. Finding a good job that pays enough can be difficult because there aren’t always enough opportunities.
People in Dorval who are struggling with money might also have a lot of debt, like credit card bills or loans, which makes it harder to save or handle unexpected expenses. With the government cutting budgets, there might be fewer services and less help available for those in need. All these problems make it stressful to live and work in Dorval for anyone who is having money 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 Dorval, 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 | 9,072 |
Living in poverty | Number of residents who are living in poverty | 2,143 |
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
Downtown Dorval: The heart of the city, Downtown Dorval features a mix of shops, restaurants, and essential services. Its vibrant atmosphere attracts both locals and visitors, making it a hub for community events and activities.
Dorval Park: A tranquil residential area known for its green spaces and proximity to the waterfront. Dorval Park offers a family-friendly environment with parks, recreational facilities, and access to scenic walking paths along Lac des Deux Montagnes.
Lakeshore: This picturesque area is characterized by its beautiful views of Lake Saint-Louis. The Lakeshore is popular for its lakeside homes, parks, and walking trails, making it a favored destination for outdoor enthusiasts and nature lovers.
Westwood: A suburban neighborhood known for its quiet streets and family-oriented community. Westwood is primarily residential, with spacious homes, schools, and parks, providing a peaceful living environment.
Bonair: A well-established neighborhood featuring a mix of single-family homes and multi-unit dwellings. Bonair is popular among families and offers easy access to various amenities, including schools and shopping centers.
St. Charles: A charming area with a strong sense of community, St. Charles is known for its tree-lined streets and well-maintained parks. The neighborhood features various housing options and is conveniently located near schools and local services.
Sainte-Dorothée: This area is known for its upscale homes and scenic views of the waterfront. Sainte-Dorothée attracts residents looking for a suburban lifestyle with access to nature and recreational activities.
Illustration of Dorval, Quebec, Canada
Cost of Living
This table provides a breakdown of various average cost-of-living expenses in Dorval, 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 Dorval, Quebec compared to other cities in Canada?
- How does the real estate market in Dorval impact residents’ financial stability?
- What are the primary economic drivers in Dorval, Quebec, and how do they affect local employment opportunities?
- What financial assistance programs are available for residents facing economic hardship in Dorval?
- How have recent economic trends affected the job market and wage growth in Dorval?
- What are the common financial challenges faced by new residents moving to Dorval?
- How does the cost of housing in Dorval compare to other nearby municipalities?
If you have a question about debt see our debt related question or ask your own debt related question.
Overview
Located on the western edge of the Island of Montreal, this city is known for its beautiful parks and waterfront along Lake Saint-Louis. It has easy access to public transportation, including the airport, making it convenient for travelers. The local community hosts various events throughout the year, such as festivals and outdoor activities, which bring residents together. The area also features a variety of shops, restaurants, and recreational facilities, making it an appealing place for families and individuals to live and enjoy leisure time. The combination of its natural beauty and accessibility contributes to its reputation as a desirable location in the region.
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!