Longueuil

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Longueuil, debt help, Quebec

Longueuil, located near Montreal, boasts a vibrant community with rich cultural offerings and beautiful parks. However, residents face financial challenges, particularly high housing costs and rising public transportation expenses. Many families struggle with the escalating rental and property prices, leaving them with limited financial security. Effective planning and awareness are crucial for achieving debt relief and stability.

City: Longueuil
Province/Territory: Quebec (QC), Canada
Est. Population: 254,483

Overview

Located just across the St. Lawrence River from Montreal, this city has a rich history dating back to its founding in 1654 and is known for its beautiful parks, cultural institutions, and a strong sense of community. It features diverse recreational activities, including walking and biking trails, and is home to several museums and theaters that reflect its artistic heritage. The city’s public transportation system offers easy access to the city center and surrounding regions, making it a convenient place for residents and visitors alike. Additionally, it hosts various events throughout the year that celebrate its culture and bring the community together.

Financial Challenges

Residents face some distinct financial challenges, particularly centered around housing and public transportation costs. The proximity to Montreal has led to increased housing demand without a matching supply, pushing property prices up. For many, owning a home feels like chasing the horizon. The rental market hasn’t been kind either, with prices steadily climbing, sometimes leaving renters with little more than crumbs after paying rent. This puts a considerable strain on middle-income families who might feel like they’re on a tightrope without a safety net.

Public transportation is another tricky puzzle. While the Réseau de transport de Longueuil (RTL) provides vital services, the convenience and connectivity can leave much to be desired. Commuters often find themselves spending more on transport, especially if they need to travel to Montreal for work or other services. It’s a bit like having a car that runs well, but guzzles gas—and your wallet starts feeling the pinch pretty quickly. Balancing these challenges is no walk in the park, but awareness and strategic planning can make the road a little smoother.

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.

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Debt 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.

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Debt 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.

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Debt 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.

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Consumer 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 Proposals

Bankruptcy

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.

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Longueuil community support for debt relief programs and financial assistance options.

Computer illustration of Longueuil, Canada

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Areas / Neighbourhoods

  • Vieux-Longueuil
    This historic neighborhood showcases charming architecture and a vibrant cultural scene. It features quaint shops, cafes, and restaurants along with easy access to the St. Lawrence River waterfront.

  • Greenfield Park
    A family-oriented area known for its spacious parks and community spirit. Greenfield Park provides a variety of recreational facilities, making it an excellent place for outdoor activities and community events.

  • Saint-Hubert
    A dynamic suburban neighborhood characterized by a mix of residential spaces and commercial establishments. Saint-Hubert offers various dining options and convenient access to services and shopping.

  • Saint-Lambert
    Although technically its own city, Saint-Lambert borders Longueuil and is popular for its picturesque streets and a strong sense of community. Known for its quaint cafes and boutiques, it also has beautiful parks and proximity to the river.

  • Rock Forest
    A primarily residential area that has rapidly developed in recent years, Rock Forest is known for its modern homes and family-friendly environment. It features several parks and is well-connected to transportation routes.

  • Le Vieux-Longueuil
    Often considered the cultural heart of Longueuil, this neighborhood blends rich history with contemporary living. It hosts various cultural events and festivals, along with numerous amenities, making it a hub for community activities.

  • Bois-de-Boulogne
    A tranquil neighborhood noted for its green spaces and proximity to nature trails. Bois-de-Boulogne is ideal for those seeking a quieter lifestyle while still being close to the urban offerings of Longueuil.

  • Cité de la Santé
    Known for its healthcare facilities, this area is not just about medical services; it also features residential developments, shopping areas, and green spaces, attracting families and retirees alike.

  • Le Parc
    A peaceful residential area characterized by its well-maintained parks and recreational amenities. Le Parc is popular among families and those looking for a more suburban feel while being close to urban attractions.

Top Questions

  1. What are the best parks and recreational areas in Longueuil?
  2. What public transportation options are available in Longueuil?
  3. What schools and educational institutions are located in Longueuil?
  4. What are the major shopping centers and retail areas in Longueuil?
  5. What cultural and entertainment events take place in Longueuil?
  6. What is the cost of living like in Longueuil compared to Montreal?
  7. What are the safest neighborhoods in Longueuil?

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

Longueuil community support for debt relief programs and financial assistance options. Debt solutions available.

Computer illustration of Longueuil, Canada

Debt Data

This table includes estimates on the number of residents who are experiencing financial stress situations. You are not alone.

ItemDescriptionEstimated
Living paycheck to paycheckNumber of residents who are living paycheck to paycheck119,607
Living in povertyNumber of residents who are living in poverty28,248
Debt defaultedNumber of residents who have defaulted on a debt payment2,774
InsolvenciesNumber of residents who filed for insolvency636
Consumer proposalNumber of residents who filed for a consumer proposal484
Personal bankruptcyNumber of residents who filed for personal bankruptcy153

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.

Cost of Living

This table provides a breakdown of various average cost-of-living expenses in Longueuil, Canada to help understand the financial requirements for different living situations.

ItemDescriptionAverage 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 PriceAverage price to purchase a home$502,000
UtilitiesMonthly 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.



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!

Write off up to 80% of your debts
Reduce debts into one affordable monthly payment
Stop all collections calls
No interest and charges (completely frozen)
Government-legislated debt relief programs