Gananoque

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Gananoque, debt relief, Ontario

Gananoque, Ontario, is a picturesque town facing challenges related to seasonal tourism jobs, leading to financial instability for residents. With limited job opportunities outside tourism, many individuals struggle to secure steady, well-paying employment. These economic conditions contribute to stress over bills and debt, highlighting the need for effective debt relief solutions in the community.

City: Gananoque
Province/Territory: Ontario (ON), Canada
Est. Population: 5,383

Financial Challenges

Living in Gananoque, Ontario, can be tough for people who are having money problems. One big challenge is that many jobs depend on tourism, which only happens during certain times of the year. This means that people might not have steady work all year, making it hard to plan their finances. When there aren’t enough jobs, finding new work can be difficult, and this can lead to stress about paying bills and rent.

Another problem is that Gananoque has fewer job opportunities compared to larger cities. This limits the chances for people to find well-paying jobs, especially if they don’t work in tourism. Without many options, people might have to settle for lower-paying jobs, which makes it harder to save money or get out of debt. These financial struggles can make everyday life more challenging and affect the overall well-being of families in the community.

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


Gananoque landscape with a focus on community support for debt relief solutions.

*Illustration of Gananoque, 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 paycheck2,530
Living in povertyNumber of residents who are living in poverty598
Debt defaultedNumber of residents who have defaulted on a debt payment59
InsolvenciesNumber of residents who filed for insolvency13
Consumer proposalNumber of residents who filed for a consumer proposal10
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

  • Downtown Gananoque
    The heart of the town, Downtown Gananoque is known for its quaint shops, restaurants, and cafes. It features beautiful historic architecture and is a hub for local events and community gatherings.

  • Thousand Islands
    This stunning region encompasses the scenic waterfront and is famous for its picturesque views of the islands. It’s popular for boating, fishing, and exploring nature, making it a significant draw for tourists.

  • Gananoque River
    The areas along the Gananoque River provide access to trails and parks. It is an ideal spot for outdoor activities such as kayaking and hiking, with scenic views and tranquil surroundings.

  • Park Street
    A residential area lined with beautiful trees and well-maintained homes, Park Street is known for its family-friendly environment. It’s close to schools and local parks, making it popular among families.

  • Unity Park
    A community hub, Unity Park hosts various recreational facilities, including sports fields and playgrounds. It is a popular gathering spot for families and local events, fostering a strong sense of community.

  • Chalmers Park
    A serene area with walking paths and green spaces, Chalmers Park is perfect for relaxation and leisure activities. It features picnic areas and is well-loved by locals for its peaceful atmosphere.

  • Main Street East
    This area offers a mix of residential and commercial properties, with local businesses and eateries. Its proximity to the downtown area makes it a convenient location for residents and visitors alike.

Gananoque landscape with a focus on community support for debt relief solutions. Debt solutions available.

Illustration of Gananoque, Ontario, Canada

Cost of Living

This table provides a breakdown of various average cost-of-living expenses in Gananoque, 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 Gananoque, Ontario?
  2. How does the employment rate in Gananoque compare to the provincial average?
  3. What are the typical housing prices and rental rates in Gananoque?
  4. What financial assistance programs are available for residents in Gananoque?
  5. How is the local economy performing in terms of growth and stability?
  6. What are the main industries driving the economy in Gananoque?
  7. What financial challenges do residents commonly face in Gananoque?

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

Overview

Located in Eastern Ontario along the St. Lawrence River, this charming town is part of the Thousand Islands region, known for its stunning natural beauty and rich history. The town features a scenic waterfront, a variety of parks, and a thriving local arts scene. It is a popular destination for tourists seeking outdoor activities such as boating, fishing, and hiking, as well as for those interested in exploring historic sites and museums. This area is also conveniently located, with close proximity to major highways and the United States border, making it an attractive spot for visitors and residents 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!

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