Saint-Basile-le-Grand
Effective Expert Credit Counselling
Saint-Basile-le-Grand, debt help, Quebec
Saint-Basile-le-Grand is a vibrant Quebec town with a close-knit community, rich history, and scenic parks. However, residents face challenges with rising costs due to a proposed electric car battery factory, leading to possible housing shortages and increased living expenses. Coupled with Quebec’s budget deficit, managing debt and financial stability may become more difficult for locals seeking debt relief.
City: Saint-Basile-le-Grand
Province/Territory: Quebec (QC), Canada
Est. Population: 17,053
Financial Challenges
Living in Saint-Basile-le-Grand can be tough if you’re having money problems. The city is planning to build a big factory for electric car batteries, which might bring more jobs. However, this also means more people moving in, making it harder to find affordable housing. Rent and home prices could go up, and the roads might get busier, which can make getting around more expensive and time-consuming.
On top of that, the province of Quebec is facing a big money deficit, which means there’s less money to spend on important services like healthcare and schools. If the city can’t get enough funding, you might have to pay more for things that used to be covered, like doctor’s visits or school supplies. All these changes can make it harder to manage your budget and pay for everyday needs when money is already tight.
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 Saint-Basile-le-Grand, 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 | 8,015 |
| Living in poverty | Number of residents who are living in poverty | 1,893 |
| Debt defaulted | Number of residents who have defaulted on a debt payment | 186 |
| Insolvencies | Number of residents who filed for insolvency | 43 |
| Consumer proposal | Number of residents who filed for a consumer proposal | 32 |
| Personal bankruptcy | Number of residents who filed for personal bankruptcy | 10 |
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
Vieux Saint-Basile
This historic part of Saint-Basile-le-Grand features charming older homes and buildings with a strong sense of community. It offers a quaint atmosphere with proximity to local shops and parks.Quartier du Golf
Known for its beautiful homes and lush green surroundings, this neighborhood is adjacent to the golf course, making it a favorite for outdoor enthusiasts. The area provides a peaceful residential vibe with easy access to recreational activities.Les Jardins de Saint-Basile
This modern residential neighborhood is characterized by contemporary homes and well-kept landscaping. It’s family-friendly, with playgrounds and schools nearby, making it a desirable area for those with children.Saint-Basile-le-Grand Sud
This area is popular due to its spacious lots and quiet streets. It features a mix of single-family homes and townhouses, appealing to families and retirees alike, with convenient access to local amenities.Le Domaine de la Vallée
This picturesque community is known for its serene environment and scenic views. It boasts large properties and green spaces, perfect for those seeking tranquility while remaining close to urban conveniences.
Illustration of Saint-Basile-le-Grand, Quebec, Canada
Cost of Living
This table provides a breakdown of various average cost-of-living expenses in Saint-Basile-le-Grand, 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 Saint-Basile-le-Grand compared to the rest of Quebec?
- How does the housing market in Saint-Basile-le-Grand affect residents’ financial situations?
- What are the main sources of employment and economic growth in Saint-Basile-le-Grand?
- Are there any financial assistance programs available for residents facing economic challenges in Saint-Basile-le-Grand?
- What are the property tax rates in Saint-Basile-le-Grand, and how do they impact residents’ budgets?
- How has the economic outlook for Saint-Basile-le-Grand changed in recent years?
- What are the typical salaries for jobs in Saint-Basile-le-Grand, and how do they compare to living expenses?
If you have a question about debt see our debt related question or ask your own debt related question.
Overview
Located in Quebec, this town is a charming community known for its rich history and beautiful landscapes. Established in 1916, it features various parks, a golf course, and well-maintained bike paths, making it a great place for outdoor activities. The population is around 17,000 residents who enjoy a friendly neighborhood atmosphere with access to schools, shops, and local events that help cultivate a strong sense of community. The town’s annual activities and cultural events reflect its heritage, offering residents and visitors alike a taste of local traditions and social life.
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!