Front of Yonge

Expert Debt Solutions & Consumer Proposals

Front of Yonge, debt relief, Ontario

Front of Yonge, Ontario, is a scenic township with a population of approximately 2,595, primarily mature residents. Despite its charm, financial challenges abound due to high housing costs and limited job opportunities, straining residents’ ability to manage essential expenses. The community may benefit from enhanced local support services, such as debt relief and financial counseling, to alleviate these economic pressures.

City: Front of Yonge
Province/Territory: Ontario (ON), Canada
Est. Population: 5,710

Financial Challenges

Living and working in Front of Yonge, Ontario can be tough for people who are having money problems. The cost of renting or buying a home in this area is quite high, which means that a big part of their income goes to housing. This leaves less money for other important things like food, transportation, and healthcare. Additionally, finding a good job with a decent salary can be challenging, making it harder to pay bills and save money.

Another issue is the high cost of everyday expenses. Prices for groceries, utilities, and public transportation are often higher in Front of Yonge compared to other places. This makes it difficult for people with limited income to afford the things they need. Also, there might not be enough local support services, like affordable childcare or financial counseling, to help those who are struggling. All these factors together make living and working in Front of Yonge a financial strain for many people.

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 Planning

Debt 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 Management

Debt 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 Consolidation

Debt 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 Settlement

Consumer 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 Proposals

Bankruptcy

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


Front of Yonge landscape with focus on community resources for debt relief assistance.

*Illustration of Front of Yonge, Ontario

Debt Data

This table includes estimates on the number of residents who are experiencing financial stress situations. You are not alone.

ItemDescriptionEstimated
Living paycheck to paycheckNumber of residents who are living paycheck to paycheck2,684
Living in povertyNumber of residents who are living in poverty634
Debt defaultedNumber of residents who have defaulted on a debt payment62
InsolvenciesNumber of residents who filed for insolvency14
Consumer proposalNumber of residents who filed for a consumer proposal11
Personal bankruptcyNumber of residents who filed for personal bankruptcy3

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!

Write off up to 80% of your debts Reduce debts into one affordable monthly payment Stop all collections calls No interest and charges (completely frozen) Government-legislated debt relief programs

Areas / Neighbourhoods

  • Portland: A small community situated along the Rideau Canal, Portland is known for its serene waterfront and charming small-town atmosphere. It offers recreational activities such as boating and fishing, along with a few local shops and eateries.

  • Seeley’s Bay: Nestled at the junction of the Rideau Canal and the St. Lawrence River, Seeley’s Bay is a picturesque village that boasts beautiful views and a quiet lifestyle. It’s popular for outdoor activities, including hiking and birdwatching, and features a tight-knit community vibe.

  • Elgin: This quaint village is known for its historical architecture and close-knit community. Elgin offers local amenities and a peaceful rural setting, ideal for those looking for a slower pace of life while still being part of a vibrant community.

  • Lombardy: A scenic spot known for its agricultural roots, Lombardy features lovely fields and gardens. The area has a number of community events throughout the year and serves as a great place for those who appreciate rural living.

  • Rideau Lakes: This expansive area comprises several smaller lakes and communities. It is particularly popular among those looking for waterfront properties and recreational activities, including fishing, swimming, and enjoying nature.

  • Battersea: A small village with a rich history, Battersea offers a peaceful environment surrounded by natural beauty. It is known for its welcoming community and has nearby parks for outdoor enthusiasts.

  • Delta: Characterized by its historic charm, Delta features heritage buildings and a lovely rural landscape. The village is known for its friendly residents and community events, making it an inviting place to live or visit.

Front of Yonge landscape with focus on community resources for debt relief assistance. Debt solutions available.

Illustration of Front of Yonge, Ontario, Canada

Cost of Living

This table provides a breakdown of various average cost-of-living expenses in Front of Yonge, Canada to help understand the financial requirements for different living situations.

ItemDescriptionAverage 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 PriceAverage price to purchase a home$885,000
UtilitiesMonthly 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

  1. What is the average cost of living in Front of Yonge, Ontario?
  2. How does the economic outlook of Front of Yonge compare to nearby towns and cities?
  3. What are the primary sources of employment in Front of Yonge?
  4. Are there any financial assistance programs available for residents in Front of Yonge?
  5. What are the average housing prices in Front of Yonge, and how have they changed over recent years?
  6. What financial challenges do residents commonly face in Front of Yonge?
  7. How does property tax in Front of Yonge affect the overall cost of living?

If you have a question about debt see our debt related question or ask your own debt related question.

Overview

Front of Yonge is a small township located in Ontario, Canada, known for its picturesque landscapes and tight-knit community. The population is approximately 2,595 people, with an average age of 46.9 years, indicating a mostly mature demographic. Most residents speak English as their first language, with a small percentage speaking French and other languages. The community enjoys a range of outdoor recreational activities, with access to the nearby St. Lawrence River, making it attractive for those who appreciate nature. The local economy is often based on small businesses and agriculture, reflecting the township’s rural character.



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!

Write off up to 80% of your debts
Reduce debts into one affordable monthly payment
Stop all collections calls
No interest and charges (completely frozen)
Government-legislated debt relief programs