Saint-Bruno-de-Montarville
Debt Management and Relief Help
Saint-Bruno-de-Montarville, debt help, Quebec
Saint-Bruno-de-Montarville, a picturesque city in Monteregie with over 26,000 residents, offers natural beauty and a welcoming community. However, residents face financial challenges due to property taxes and the strain of the region’s budget deficit on essential services. While job creation efforts exist, not everyone benefits, complicating the pursuit of debt relief and stability.
City: Saint-Bruno-de-Montarville
Province/Territory: Quebec (QC), Canada
Est. Population: 26,273
Financial Challenges
Living in Saint-Bruno-de-Montarville can be tough for people who are struggling with money. Even though the property taxes here are lower than in some other places in Quebec, they can still take a big part of a person’s budget. On top of that, the city has to spend a lot of money because it’s part of the larger Longueuil area. This means there are more costs that everyone has to share, which can make it harder for people to save money or pay for things they need.
Another challenge is the impact of the province’s financial problems on the city. Quebec is facing a big budget deficit, which means there’s less money available for important services like health care and education. This can make life more expensive and stressful for people who are already having money problems. Additionally, even though there are new jobs being created with projects like Écoparc Saint-Bruno, not everyone might find the right work, making it harder to improve their financial situation.
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-Bruno-de-Montarville, 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 | 12,348 |
Living in poverty | Number of residents who are living in poverty | 2,916 |
Debt defaulted | Number of residents who have defaulted on a debt payment | 286 |
Insolvencies | Number of residents who filed for insolvency | 66 |
Consumer proposal | Number of residents who filed for a consumer proposal | 50 |
Personal bankruptcy | Number of residents who filed for personal bankruptcy | 16 |
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
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Areas / Neighbourhoods
Vieux-Saint-Bruno
This historic area is known for its charming, tree-lined streets and beautiful architecture. It features quaint boutiques, local cafes, and the picturesque Parc de la Métairie, making it a favored spot for leisurely strolls.Quartier de la Gare
Located near the train station, this neighborhood offers a mix of residential and commercial spaces. It’s an emerging area with modern developments and easy access to public transportation, catering especially to young professionals and families.Les Jardins de Saint-Bruno
This suburban neighborhood is characterized by spacious homes and well-maintained parks. It’s particularly popular among families due to its close-knit community feel and proximity to schools, making it ideal for raising children.Parc National du Mont-Saint-Bruno
While primarily a natural area, this park significantly influences the surrounding neighborhoods. Residents enjoy outdoor recreational activities like hiking and biking, and it serves as a scenic backdrop for the nearby communities.Côteau Saint-Bruno
A residential area that features attractive properties and sprawling landscapes. It is a peaceful neighborhood that appeals to those seeking tranquility while still being close to urban amenities.Saint-Bruno Village
This area boasts a vibrant community with a mix of cultural activities and local markets. The village atmosphere includes cafes and shops that provide a sense of belonging and a lively community spirit.Lac des Fées
This neighborhood offers waterfront properties with stunning views of the lake. It is renowned for its serene environment and is ideal for residents who appreciate outdoor activities and nature.
Illustration of Saint-Bruno-de-Montarville, Quebec, Canada
Cost of Living
This table provides a breakdown of various average cost-of-living expenses in Saint-Bruno-de-Montarville, 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-Bruno-de-Montarville?
- How do housing prices in Saint-Bruno-de-Montarville compare to neighboring cities?
- What are the primary economic drivers for the local economy in Saint-Bruno-de-Montarville?
- How has the job market in Saint-Bruno-de-Montarville changed in recent years?
- Are there any financial assistance programs available for residents facing economic challenges in Saint-Bruno-de-Montarville?
- What industries are most prominent in Saint-Bruno-de-Montarville, and how do they impact the local economy?
- How does the cost of essential services, such as utilities and transportation, affect residents’ financial stability in Saint-Bruno-de-Montarville?
If you have a question about debt see our debt related question or ask your own debt related question.
Overview
Located in the Monteregie region, this charming city is known for its beautiful parks and outdoor spaces, making it a great place for families and nature lovers. With a population of over 26,000 residents, it offers a friendly community atmosphere along with various recreational activities, such as hiking and skiing, particularly in the nearby Mont-Saint-Bruno National Park. The city also boasts a rich history, highlighted by its appealing architecture and cultural events that celebrate local heritage. Overall, it combines a welcoming environment with natural beauty, making it an enjoyable spot to live or visit.
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!