Mont-Saint-Hilaire
Free Credit Counselling & Debt Relief
Mont-Saint-Hilaire, debt help, Quebec
Mont-Saint-Hilaire, a picturesque town near Montreal, offers beautiful landscapes and a tight-knit community. However, residents face financial challenges, including rising taxes for infrastructure projects and a sluggish local economy, which affects job stability. Commuting to Montreal adds further expenses. These factors contribute to difficulties in managing debt, highlighting the need for effective debt relief solutions.
City: Mont-Saint-Hilaire
Province/Territory: Quebec (QC), Canada
Est. Population: 18,859
Financial Challenges
Living in Mont-Saint-Hilaire can be tough for people who are struggling with money. The city is spending a lot on big projects like improving transportation, which might mean higher taxes for residents. This makes everyday expenses even harder to manage. Plus, finding a stable job can be challenging because the local economy is slowing down, and important workplaces like schools and hospitals might not hire as many people as before. If you have debts, dealing with them can add more stress, especially without enough support or affordable services nearby.
Working in Mont-Saint-Hilaire also has its own set of financial challenges. Many people need to commute to Montreal for work, which can be expensive and take up a lot of time. This adds to the cost of living since transportation costs go up. With the economy not growing much, there are fewer opportunities to earn more money or find better-paying jobs. Additionally, public services like healthcare and education are important but might not have enough funding, making it harder to get the help you need without spending more of your own money. All these factors can make it difficult to stay financially stable while living and working in Mont-Saint-Hilaire.
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 Mont-Saint-Hilaire, 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 | 8,864 |
| Living in poverty | Number of residents who are living in poverty | 2,093 |
| Debt defaulted | Number of residents who have defaulted on a debt payment | 206 |
| Insolvencies | Number of residents who filed for insolvency | 47 |
| Consumer proposal | Number of residents who filed for a consumer proposal | 36 |
| 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
Mont-Saint-Hilaire Village
This quaint village area features charming architecture, local shops, and cafes. It’s a hub for community events and offers stunning views of the Mont-Saint-Hilaire mountain.Mont-Saint-Hilaire Park
This green space is popular for outdoor activities such as hiking, biking, and bird-watching. The park encompasses the mountain itself and offers numerous trails with breathtaking views.Centre-Ville
The downtown core of Mont-Saint-Hilaire is lively with various businesses, restaurants, and services. It’s an attractive area for residents and visitors alike, fostering a vibrant community atmosphere.Bromont Road
This area is known for its residential homes and proximity to services and recreational facilities. It features scenic views and is favored by families for its accessibility and peaceful environment.La Cité
This emerging neighborhood features modern residential developments and amenities. It is appealing for younger families and professionals seeking a balanced suburban lifestyle.Lac Saint-Hilaire
The area surrounding the lake offers picturesque views and recreational opportunities such as kayaking and fishing. It’s a popular spot for nature lovers and is ideal for leisurely walks along the shoreline.
Illustration of Mont-Saint-Hilaire, Quebec, Canada
Cost of Living
This table provides a breakdown of various average cost-of-living expenses in Mont-Saint-Hilaire, 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 current cost of living in Mont-Saint-Hilaire compared to nearby cities in Quebec?
- How is the housing market performing in Mont-Saint-Hilaire for buyers and renters?
- What economic factors are influencing job growth in Mont-Saint-Hilaire?
- Are there significant financial assistance programs available for residents facing economic challenges in Mont-Saint-Hilaire?
- How do property taxes in Mont-Saint-Hilaire compare to the surrounding areas?
- What are the primary industries contributing to the economy of Mont-Saint-Hilaire?
- How have recent trends in inflation impacted the financial situation of residents in Mont-Saint-Hilaire?
If you have a question about debt see our debt related question or ask your own debt related question.
Overview
Mont-Saint-Hilaire is a charming town located just east of Montreal in Quebec, Canada. Known for its beautiful landscapes, it is nestled at the base of the Monteregian Hills and offers stunning views, especially from the hiking trails in the nearby national park. The area is rich in natural beauty, with forests, rivers, and outdoor activities that make it popular for nature lovers and families. Additionally, it boasts a close-knit community with various local events and cultural activities throughout the year, blending outdoor adventure with a welcoming atmosphere.
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!