Rosemere
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Rosemere, debt help, Quebec
Rosemere, located north of Montreal, offers a picturesque community with parks and cultural events. However, rising taxes, increasing property values, and higher public transit costs pose financial challenges for residents, making debt relief essential. The city’s push for infrastructure funding and new taxes adds to household burdens, potentially complicating budgeting for those with existing money problems.
City: Rosemere
Province/Territory: Quebec (QC), Canada
Est. Population: 14,090
Financial Challenges
Living in Rosemère, Quebec can be tough if you’re already having money problems because taxes are going up. In 2025, the general taxes and charges on your home will increase by 3%, and property values are rising a lot, which means you’ll pay more taxes each year. Even the cost of using public transit is getting higher. These extra expenses can make it hard to manage your monthly budget.
Additionally, the city is asking residents to contribute more to infrastructure projects, which means more money out of your pocket for things like road repairs and maintaining public buildings. There are also new taxes for things like old oil tanks, although there are some grants to help with those costs. All these changes can make living and working in Rosemère more expensive, especially if you’re trying to make ends meet.
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 Rosemere, 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 | 6,622 |
Living in poverty | Number of residents who are living in poverty | 1,564 |
Debt defaulted | Number of residents who have defaulted on a debt payment | 154 |
Insolvencies | Number of residents who filed for insolvency | 35 |
Consumer proposal | Number of residents who filed for a consumer proposal | 27 |
Personal bankruptcy | Number of residents who filed for personal bankruptcy | 8 |
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
Rosemère Village: This charming neighborhood features a mix of historic and contemporary homes, offering a picturesque environment. It is known for its vibrant community atmosphere, local shops, and proximity to parks and the river.
Cité Jardin: This area is characterized by its lush greenery and beautifully landscaped gardens. It’s primarily residential, appealing to families and nature lovers, with easy access to walking trails and recreational facilities.
Montée de la Gare: Known for its convenient access to public transportation, this neighborhood boasts a blend of commercial and residential properties. It is particularly popular among commuters and those who appreciate a lively urban vibe.
Les Jardins de Rosemère: A rapidly developing neighborhood, featuring modern residential developments. It offers a variety of amenities, including shopping centers, schools, and parks, making it a desirable location for families and young professionals.
Lac des Deux Montagnes Area: This scenic waterfront neighborhood is renowned for its stunning views and recreational opportunities, including boating and fishing. It’s a tranquil area that appeals to those seeking a serene lifestyle close to nature.
Illustration of Rosemere, Quebec, Canada
Cost of Living
This table provides a breakdown of various average cost-of-living expenses in Rosemere, 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 Rosemere, Quebec?
- How does the housing market in Rosemere compare to nearby cities?
- What are the major economic drivers in Rosemere?
- Are there any financial assistance programs for residents in Rosemere?
- What are the typical salaries and job opportunities available in Rosemere?
- How does inflation impact the cost of goods and services in Rosemere?
- What are the property tax rates in Rosemere, and how do they affect homeowners?
If you have a question about debt see our debt related question or ask your own debt related question.
Overview
Located just north of Montreal, this small town is known for its picturesque scenery and strong sense of community. The area features beautiful parks, excellent schools, and a variety of recreational activities, making it an appealing place for families and nature lovers. With a rich history that dates back to the 18th century, the town also hosts various cultural events throughout the year, highlighting its commitment to arts and community spirit. Its convenient access to major highways allows residents to enjoy the peaceful suburban lifestyle while being close to the vibrant life of a larger city.
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!