Kimberley
Expert Debt Solutions & Consumer Proposals Help
Kimberley, debt relief, British Columbia
Kimberley, a scenic town in southeastern BC, offers stunning landscapes and outdoor activities. However, seasonal tourism jobs can lead to financial instability, making it difficult to pay bills and find well-paying work. Limited local resources for debt relief and expensive housing further exacerbate money issues. Residents may struggle with managing finances due to restricted access to financial services.
City: Kimberley
Province/Territory: British Columbia (BC), Canada
Est. Population: 7,425
Financial Challenges
Living in Kimberley can be tough if you’re having money problems. Since the town relies a lot on tourism, especially during the winter for skiing, jobs can be seasonal. This means that you might not have steady income all year round, making it hard to pay bills and save money. Also, there aren’t many different types of jobs available, so finding work that pays well can be difficult.
Another challenge is that Kimberley is a small town, so there aren’t as many places to get financial help. If you’re struggling with debt, it might be hard to find local resources to assist you. Housing can also be expensive, and there might not be enough affordable homes for everyone. Plus, with limited access to banks and financial services, managing money problems becomes even harder.
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 Kimberley, British Columbia
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 | 3,490 |
Living in poverty | Number of residents who are living in poverty | 824 |
Debt defaulted | Number of residents who have defaulted on a debt payment | 81 |
Insolvencies | Number of residents who filed for insolvency | 19 |
Consumer proposal | Number of residents who filed for a consumer proposal | 14 |
Personal bankruptcy | Number of residents who filed for personal bankruptcy | 4 |
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
Marysville
A charming neighborhood known for its easy access to outdoor activities, including hiking and skiing. Marysville offers a blend of residential living and natural beauty, with a close-knit community feel.Cranbrook
While not technically part of Kimberley, it is nearby and often frequented by Kimberley residents for shopping and amenities. This larger city provides a variety of services, making it a convenient hub for those in Kimberley.Kimberley Alpine Resort
A popular area for winter sports enthusiasts, this resort features ski slopes, snowboard parks, and family-friendly amenities. During the summer, it transforms into a mountain biking and hiking destination.Downtown Kimberley
The heart of the city, featuring a range of shops, restaurants, and cultural attractions. Downtown Kimberley is vibrant, offering events and a lively atmosphere that showcases the town’s heritage.St. Mary’s Lake
A picturesque area surrounding a serene lake, perfect for picnics, kayaking, and fishing. This locality is favored by residents looking for relaxation and natural beauty.Sullivan Mountain
Known for its scenic views and outdoor activities, Sullivan Mountain is a great place for hiking and mountain biking enthusiasts. The neighborhood appeals to those seeking adventure in nature.Kootenay East
A residential area that offers a quieter lifestyle while still being close to recreational amenities. The neighborhood is known for its friendly community and access to local trails and parks.

Illustration of Kimberley, British Columbia, Canada
Cost of Living
This table provides a breakdown of various average cost-of-living expenses in Kimberley, Canada to help understand the financial requirements for different living situations.
Item | Description | Average Cost |
---|---|---|
Housing (1BR) | Monthly rent for a 1-bedroom apartment | $2,872 |
Housing (2BR) | Monthly rent for a 2-bedroom apartment | $3,777 |
Average Home Price | Average price to purchase a home | $991,000 |
Utilities | Monthly cost for electricity, heating, water, and garbage | $250 |
Food (Single) | Monthly grocery cost for a single person | $400 |
Food (Family) | Monthly grocery cost for a family of four | $1,100 |
Healthcare (Rx) | Monthly cost for prescription medications | $35 |
Healthcare (Dental) | Monthly cost for dental care | $225 |
Healthcare (Vision) | Monthly cost for vision care | $250 |
Transportation (Public) | Monthly cost for public transit | $2,872 |
Transportation (Car) | Monthly cost for car ownership | $750 |
Childcare (Daycare) | Monthly cost for daycare | $1,350 |
Childcare (After-School) | Monthly cost for after-school programs | $500 |
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 Kimberley, BC?
- How does the housing market in Kimberley compare to other regions in British Columbia?
- What are the job opportunities and average salaries in Kimberley?
- What are the typical financial challenges faced by residents of Kimberley?
- How has the economic outlook for Kimberley changed in recent years?
- What is the average household income in Kimberley, BC?
- Are there any financial assistance programs available for residents in Kimberley?
If you have a question about debt see our debt related question or ask your own debt related question.
Overview
Located in southeastern British Columbia, this small town is nestled in the picturesque Kootenay Rockies and is well-known for its stunning natural landscapes and outdoor recreational activities. The area attracts many visitors, especially in the winter, as skiing and snowboarding in the nearby mountains draw tourists from far and wide. In addition to winter sports, residents and visitors enjoy hiking, biking, and various other outdoor adventures during the warmer months. The town features a rich history influenced by its mining past and maintains a unique Bavarian-style architecture, which adds to its charm and character. Community events and festivals throughout the year further foster a sense of belonging among residents and visitors 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!