Salaberry-de-Valleyfield
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Salaberry-de-Valleyfield, debt help, Quebec
Salaberry-de-Valleyfield combines natural beauty with industrial growth, making it a vibrant hub in Quebec. However, rising housing demand and living costs pose challenges for individuals facing financial difficulties. As the city develops, those with limited incomes may struggle with housing affordability and managing expenses. Accessing debt relief options is crucial for fostering financial stability in this evolving community.
City: Salaberry-de-Valleyfield
Province/Territory: Quebec (QC), Canada
Est. Population: 42,787
Financial Challenges
Even though Salaberry-de-Valleyfield is growing with many new businesses and jobs, people who are having money problems might find it hard to afford housing. Even though the city is building more homes, the high demand can make it difficult to find a place that fits their budget. This can make it stressful for families and individuals to secure a stable home.
Additionally, as more people move to the city, the cost of living might go up. Things like food, transportation, and utilities can become more expensive, making it harder for those with limited incomes to pay their bills. Managing money becomes a bigger challenge, and finding affordable options for everyday needs can be tough for people struggling financially in Salaberry-de-Valleyfield.
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 Salaberry-de-Valleyfield, 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 | 20,110 |
Living in poverty | Number of residents who are living in poverty | 4,749 |
Debt defaulted | Number of residents who have defaulted on a debt payment | 466 |
Insolvencies | Number of residents who filed for insolvency | 107 |
Consumer proposal | Number of residents who filed for a consumer proposal | 81 |
Personal bankruptcy | Number of residents who filed for personal bankruptcy | 26 |
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
Cité-des-Jeunes: This neighborhood offers a mix of residential homes and commercial services, making it a vibrant community for families and young professionals. It is home to several schools, parks, and recreational facilities.
Vieux-Village: Known for its historical charm, Vieux-Village features picturesque streets, quaint shops, and restaurants. The area reflects the region’s rich history and offers a cozy, small-town feel, ideal for leisurely strolls.
Rive-sud: This area emphasizes proximity to the waterfront, providing residents with beautiful views of the St. Lawrence River. It has numerous parks and walking paths, making it a great spot for outdoor enthusiasts.
Centre-ville: The downtown core of Salaberry-de-Valleyfield is bustling with activity, featuring a variety of shops, restaurants, and cultural attractions. It serves as the city’s economic and social hub, attracting visitors and residents alike.
Parc régional de la Rivière-du-Sud: This neighborhood is notable for its access to recreational activities and natural beauty. It offers extensive hiking and biking trails and is popular among those who enjoy nature and outdoor sports.
L’Île-aux-Coudres: An island community known for its serene environment and natural landscapes. It presents a unique living experience with plenty of opportunities for fishing, boating, and enjoying the outdoors in a peaceful setting.

Illustration of Salaberry-de-Valleyfield, Quebec, Canada
Cost of Living
This table provides a breakdown of various average cost-of-living expenses in Salaberry-de-Valleyfield, 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 Salaberry-de-Valleyfield compared to other cities in Quebec?
- How has the economic outlook for Salaberry-de-Valleyfield changed in recent years?
- What financial assistance programs are available for residents struggling with housing costs in Salaberry-de-Valleyfield?
- What are the primary industries driving the economy of Salaberry-de-Valleyfield?
- How do property taxes in Salaberry-de-Valleyfield compare to those in nearby municipalities?
- What is the average household income in Salaberry-de-Valleyfield, and how does it impact the local economy?
- What are some common financial challenges faced by residents of Salaberry-de-Valleyfield?
If you have a question about debt see our debt related question or ask your own debt related question.
Overview
Located near the shores of the St. Lawrence River, this city offers a mix of natural beauty and industrial activity. The area is rich in history, with origins dating back to the 18th century, and has grown to become a key hub for commerce and manufacturing in Quebec. The city continually invests in development, particularly in clean energy and environmental technologies, making it a modern place to live and work. Its strategic location near major transportation networks, including the Port of Valleyfield, enhances connectivity and supports its thriving economic landscape. The community embraces a culture of growth and sustainability, making it an attractive destination for families and businesses alike.
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!