L'Ile-Perrot
Consumer Proposal Experts for Debt Solutions
L’Ile-Perrot, debt relief, Quebec
L’Ile-Perrot, a scenic island near Montreal, offers a vibrant community and beautiful waterfront, but faces economic challenges. Rising living costs and limited job growth strain residents, making debt relief essential for those struggling financially. Increased taxes and stagnant wages complicate efforts to manage expenses, pushing families to seek help for debt consolidation or credit counseling amid economic uncertainty.
City: L’Ile-Perrot
Province/Territory: Quebec (QC), Canada
Est. Population: 11,638
Financial Challenges
Living in L’Ile-Perrot can be tough for people who are struggling with money. The local economy isn’t growing much, which means there are fewer job opportunities and some jobs might not pay enough. Many families have to spend more on things like rent and groceries because housing is expensive and prices keep going up. Additionally, the government needs more money to cover its big budget, so taxes might increase. This makes it harder for people to save money or pay off bills.
For those who work in the public sector, even though there have been wage increases, higher taxes can take away some of those extra earnings. If someone loses their job or their income decreases, it can be really hard to keep up with expenses. People might have to borrow money or look for help to manage their debts. With the economic situation not improving quickly, families in L’Ile-Perrot may find it challenging to make ends meet and plan for the future.
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 L’Ile-Perrot, 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 | 5,470 |
| Living in poverty | Number of residents who are living in poverty | 1,292 |
| Debt defaulted | Number of residents who have defaulted on a debt payment | 127 |
| Insolvencies | Number of residents who filed for insolvency | 29 |
| Consumer proposal | Number of residents who filed for a consumer proposal | 22 |
| Personal bankruptcy | Number of residents who filed for personal bankruptcy | 7 |
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
Pointe-du-Lac: This picturesque area is located at the northwestern tip of L’Ile-Perrot. It offers serene waterfront views and a blend of residential and recreational spaces, making it a popular destination for families and outdoor enthusiasts.
Centre-Ville: The downtown area of L’Ile-Perrot, Centre-Ville features a variety of shops, cafes, and services. It’s known for its vibrant atmosphere and accessibility, attracting both locals and visitors alike.
Sainte-Anne: Nestled on the eastern side of the island, Sainte-Anne is characterized by its lush green parks and family-friendly environment. It offers a mix of suburban living while maintaining a close-knit community feel.
L’Île-Perrot West: This neighborhood is favored for its spacious homes and proximity to amenities. It provides residents with easy access to schools, parks, and waterfront activities, and is known for its peaceful residential streets.
Parc-l’Ancien-Village: A historic area showcasing charming older homes and scenic park spaces. This neighborhood is beloved for its heritage and community events, offering a quaint atmosphere for residents and visitors.
Bellerive: Located along the water, Bellerive is a sought-after area due to its scenic views and recreational opportunities. Residents enjoy access to walking paths, waterfront parks, and outdoor activities, making it an ideal location for nature lovers.
Illustration of L’Ile-Perrot, Quebec, Canada
Cost of Living
This table provides a breakdown of various average cost-of-living expenses in L’Ile-Perrot, 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 L’Ile-Perrot compared to other cities in Quebec?
- How do housing prices in L’Ile-Perrot influence the local economy?
- What financial assistance programs are available for residents facing economic challenges in L’Ile-Perrot?
- What are the main economic sectors contributing to L’Ile-Perrot’s revenue?
- How have recent economic trends affected the job market in L’Ile-Perrot?
- What are the average utility costs for residents in L’Ile-Perrot?
- How does property tax in L’Ile-Perrot compare with neighboring municipalities?
If you have a question about debt see our debt related question or ask your own debt related question.
Overview
Located just west of Montreal, this charming island community in Quebec offers a unique blend of suburban life and natural beauty. Home to a friendly population, it features picturesque waterfront views along the Ottawa River and a range of parks and recreational activities that invite outdoor enjoyment. The area is well-connected through local transportation and enjoys easy access to urban amenities in nearby Montreal. With a rich history reflected in its architecture and community events, this location presents a welcoming environment for families and individuals seeking a relaxing yet connected lifestyle.
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!