Lavaltrie
Expert Debt Relief & Consumer Proposal Services
Lavaltrie, debt help, Quebec
Lavaltrie, Quebec, blends historical charm with modern amenities along the Saint Lawrence River. While it offers a friendly community and outdoor recreation, residents face challenges such as rising living costs and a sluggish local economy, impacting job security and financial stability. Many struggle with debt, highlighting the need for effective debt relief solutions in the area.
City: Lavaltrie
Province/Territory: Quebec (QC), Canada
Est. Population: 14,425
Financial Challenges
Residents of Lavaltrie often find it hard to keep up with rising prices for things like food, rent, and transportation. When everything costs more, people who are already struggling with money have a tough time making ends meet. On top of that, higher taxes to support health care and education can take away even more money, leaving families with less to spend on what they need.
Finding and keeping a good job in Lavaltrie can also be difficult because the local economy isn’t growing quickly. Some businesses may close or slow down, leading to fewer job opportunities. For those who have debts, it’s hard to stay on top of payments when income is uncertain. These financial challenges make everyday life tougher for people living and working in Lavaltrie.
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 Lavaltrie, 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 | 6,780 |
Living in poverty | Number of residents who are living in poverty | 1,601 |
Debt defaulted | Number of residents who have defaulted on a debt payment | 157 |
Insolvencies | Number of residents who filed for insolvency | 36 |
Consumer proposal | Number of residents who filed for a consumer proposal | 27 |
Personal bankruptcy | Number of residents who filed for personal bankruptcy | 9 |
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
Lavaltrie Centre: This area is known for its vibrant community atmosphere, featuring a mix of shopping, dining, and entertainment options. The central place serves as a hub for local events and cultural activities.
Domaine de la Montagne: A sought-after residential neighborhood that offers spacious homes and scenic views. It is popular among families seeking a quiet and peaceful environment with access to parks and green spaces.
Bord-de-l’Eau: Located along the banks of the Saint Lawrence River, this area is prized for its beautiful waterfront, recreational activities, and picturesque landscapes. It attracts those who enjoy outdoor activities such as boating and fishing.
Vieux-Lavaltrie: This historic district showcases the town’s heritage with charming architecture and quaint streets. It’s a popular area for walking tours and local markets, offering a glimpse into the past of Lavaltrie.
Cité de la Culture: An emerging area focused on arts and culture, this neighborhood is home to various community centers, theaters, and art galleries. It is perfect for those who appreciate local art and cultural events.
Parc des Érables: This residential area is known for its family-friendly environment and access to recreational parks. It has numerous playgrounds and green spaces, making it a favorite for families with children.
Chutes-de-la-Chaudière: Noted for its natural beauty, this neighborhood is a mix of residential homes and natural parks, offering scenic trails and opportunities for hiking and wildlife observation.
Illustration of Lavaltrie, Quebec, Canada
Cost of Living
This table provides a breakdown of various average cost-of-living expenses in Lavaltrie, 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 cost of living in Lavaltrie compared to other cities in Quebec?
- What are the average housing prices in Lavaltrie and how have they changed over recent years?
- What job opportunities are available in Lavaltrie and what is the employment rate in the area?
- How does the local economy in Lavaltrie impact the financial well-being of its residents?
- What financial assistance programs are available for residents of Lavaltrie facing economic challenges?
- What are the main industries driving the economy in Lavaltrie?
- How does the cost of utilities and groceries in Lavaltrie compare to neighboring municipalities?
If you have a question about debt see our debt related question or ask your own debt related question.
Overview
Located along the southwestern bank of the Saint Lawrence River, this city in Quebec is known for its beautiful natural surroundings and convenient access to major urban centers like Montreal and Trois-Rivières. It features a mix of historical charm and modern amenities, making it an appealing place for families and individuals alike. The local culture is enriched by various events, parks, and community activities that bring residents together, while the scenic river setting offers opportunities for outdoor recreation, such as walking, biking, and enjoying nature. With its friendly atmosphere and local services, this city provides a welcoming environment for both newcomers and long-time residents.
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!