Arran-Elderslie
Expert Debt Solutions & Consumer Proposals
Arran-Elderslie, debt relief, Ontario
Arran-Elderslie, a rural municipality in Ontario’s Bruce County, features stunning landscapes and a tight-knit community. However, residents face challenges such as limited job opportunities, especially for youth, leading to financial strain. Accessing debt relief services and financial assistance is difficult due to fewer resources and transportation issues, hindering efforts to achieve financial security.
City: Arran-Elderslie
Province/Territory: Ontario (ON), Canada
Est. Population: 6,803
Financial Challenges
Living in Arran-Elderslie can be tough for people who are struggling with money. There aren’t many job opportunities, especially for younger people, which means it can be hard to find work that pays well. Many of the available jobs are in farming or small businesses, and these jobs might not provide enough money to cover all expenses. Without enough income, paying for things like rent, groceries, and bills becomes a big challenge.
Additionally, accessing services and support can be difficult in smaller communities like Arran-Elderslie. There might be fewer resources available to help people manage their debts or find financial assistance. Transportation can also be a problem, as getting to bigger towns for better job opportunities or financial help can be costly and time-consuming. These factors make it harder for people who are having money problems to improve their situations and feel financially secure.
Debt Relief Solutions Available
Financial Planning
Financial planning means making a smart plan for your money. It helps you budget, set goals, and save for the future. With a plan in place, you can feel more in control of your money and avoid falling into debt again.
Find out more about Financial PlanningDebt Management Plan
A Debt Management Plan, or DMP, helps you pay back what you owe in one simple monthly payment. A credit expert talks to your creditors to lower your interest and make the debt easier to handle.
Find out more about Debt ManagementDebt Consolidation
Debt consolidation means putting all your debts—like credit cards and loans—into one new loan. This new loan usually has a lower interest rate, which can help you save money and pay off your debt faster.
Find out more about Debt ConsolidationDebt Settlement
Debt settlement means offering less than the full amount you owe to clear your debt. Creditors may accept it because they get paid quickly. A debt settlement company usually helps with this process.
Find out more about Debt SettlementConsumer Proposal
A consumer proposal is a legal deal between you and the people you owe. You agree to pay back part of your debt in smaller monthly payments. A Licensed Insolvency Trustee helps make the plan and talks to your creditors for you.
Find out more about Consumer ProposalsBankruptcy
Bankruptcy is a legal way to clear most of your debts if you can’t pay them back. It gives you a fresh start, but it can also hurt your credit score for several years.
Find out more about Bankruptcy
*Illustration of Arran-Elderslie, Ontario
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 | 3,197 |
Living in poverty | Number of residents who are living in poverty | 755 |
Debt defaulted | Number of residents who have defaulted on a debt payment | 74 |
Insolvencies | Number of residents who filed for insolvency | 17 |
Consumer proposal | Number of residents who filed for a consumer proposal | 13 |
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
Chesley
A lively community known for its friendly atmosphere and local events. Chesley features various shops, a vibrant downtown area, and hosts the annual Chesley Fair, which attracts visitors from surrounding areas.Tara
A small, close-knit community that offers a peaceful rural lifestyle. Tara is renowned for its charming parks and is home to a number of local businesses, making it a lovely place for families and individuals looking for a quieter life.Arran
Known for its scenic landscapes and agricultural roots, Arran is a quaint village that emphasizes outdoor living. Residents enjoy recreational activities such as hiking and cycling in the beautiful countryside around the area.Elderslie
This community boasts a rich historical background with several heritage sites. Elderslie is popular for its community events and the inviting charm of its homes and public spaces, fostering a sense of belonging among its residents.Lucknow
A nearby village that often attracts residents from Arran-Elderslie, Lucknow offers various amenities, including shops and schools. It’s well-known for its lively cultural scene and hosts numerous seasonal festivals and parades.

Illustration of Arran-Elderslie, Ontario, Canada
Cost of Living
This table provides a breakdown of various average cost-of-living expenses in Arran-Elderslie, Canada to help understand the financial requirements for different living situations.
Item | Description | Average Cost |
---|---|---|
Housing (1BR) | Monthly rent for a 1-bedroom apartment | $2,400 |
Housing (2BR) | Monthly rent for a 2-bedroom apartment | $3,000 |
Average Home Price | Average price to purchase a home | $885,000 |
Utilities | Monthly cost for electricity, heating, water, and garbage | $145 |
Food (Single) | Monthly grocery cost for a single person | $350 |
Food (Family) | Monthly grocery cost for a family of four | $1,000 |
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 | $2,400 |
Transportation (Car) | Monthly cost for car ownership | $650 |
Childcare (Daycare) | Monthly cost for daycare | $1,250 |
Childcare (After-School) | Monthly cost for after-school programs | $400 |
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 Arran-Elderslie, Ontario?
- How do property taxes in Arran-Elderslie compare to other municipalities in Ontario?
- What are the typical housing prices in Arran-Elderslie?
- How does the job market in Arran-Elderslie impact residents’ financial stability?
- Are there any financial assistance programs available for low-income families in Arran-Elderslie?
- What are the primary economic industries in Arran-Elderslie and their growth prospects?
- How does the cost of utilities in Arran-Elderslie affect household budgeting?
If you have a question about debt see our debt related question or ask your own debt related question.
Overview
Arran-Elderslie is a rural municipality in Ontario, located in Bruce County, that boasts a rich agricultural heritage and charming small communities. It features beautiful landscapes, including rolling hills and scenic lakes, making it a great place for outdoor activities such as hiking, fishing, and farming. The area is home to friendly residents and hosts various local events that celebrate its culture and history. Key landmarks include historic buildings and parks, which contribute to the community’s unique character. With a population that values tradition and connection to nature, the region represents a peaceful rural lifestyle while still providing access to nearby urban amenities.
Eliminate 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!