Highlands East

Consumer Proposals & Debt Relief Experts

_{Highlands East, debt relief, Ontario}

Highlands East, a rural Ontario municipality, faces significant financial challenges for its aging population of around 3,830 residents. Many depend on fixed incomes, while seasonal tourism jobs create unstable employment. Rising housing prices and limited job opportunities further complicate living conditions. As a result, residents often seek debt relief solutions such as consumer proposals, debt management, and credit counseling.

City: Highlands East
Province/Territory: Ontario (ON), Canada
Est. Population: 3,343

Financial Challenges

Living in Highlands East can be tough for people who are having money problems. Many residents are older, with the average age being almost 59 years old. This means more people might be relying on fixed incomes like pensions, which don’t always keep up with rising costs. The area is mostly rural, so there aren’t as many job opportunities as in bigger cities. Many jobs depend on tourism, which can change a lot with the seasons, making it hard to have steady income all year round. Plus, with more people moving into the area, things like housing prices and everyday costs can go up, making it harder to afford living there.

Working in Highlands East also presents financial challenges. The local economy isn’t growing as fast as other places, and there are fewer businesses willing to invest and create new jobs. This can lead to higher unemployment rates, meaning fewer people have steady jobs. Transportation can be expensive too because it’s a large area with low population density, making it costly to travel to work or access services. Additionally, older adults may need more healthcare, which can increase their expenses. All these factors together make it difficult for people facing money problems to live and work comfortably in Highlands East.

Debt Relief Solutions Available

_{*Illustration of Highlands East, Ontario}

Debt Data

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

_{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.}

Areas / Neighbourhoods

• Wilberforce: This quaint community serves as the main hub of Highlands East, featuring local shops, restaurants, and essential services. It is known for its friendly atmosphere and proximity to beautiful lakes and trails.

• Dorset: Nestled in a scenic setting, Dorset is renowned for its breathtaking views of the surrounding forests and waters. It offers outdoor recreational activities such as hiking and fishing, making it a favored spot for nature enthusiasts.

• Gooderham: A small, serene village, Gooderham is characterized by its charming rural landscape. It is surrounded by forests and lakes, attracting visitors looking for tranquility and outdoor adventures, particularly in the summer months.

• Harrow: This peaceful area boasts a strong sense of community and features riverside parks and trails. It is a popular destination for those who enjoy canoeing and fishing, with beautiful natural scenery.

• North Kawartha: Although technically not within Highlands East, this area is often associated with the region for its recreational opportunities. It offers stunning lakes and an array of outdoor activities, making it a desirable spot for seasonal residents and tourists.

_{Illustration of Highlands East, Ontario, Canada}

Cost of Living

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

_{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 Highlands East, Ontario?
2. How do housing prices in Highlands East compare to other areas in Ontario?
3. What are the primary sources of income for residents of Highlands East?
4. What financial assistance programs are available for residents facing economic challenges in Highlands East?
5. How is the job market in Highlands East, and what industries are growing?
6. What are the average utility costs for households in Highlands East?
7. How does the cost of groceries and everyday necessities in Highlands East compare to larger cities in Ontario?
   

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

Overview

Highlands East is a rural municipality in Ontario, covering a vast area of 688.18 square kilometers and home to about 3,830 residents as of the 2021 census. The area has seen population growth, with estimates suggesting it could reach around 4,333 by 2024. The community has a median age of 58.8 years, indicating a mostly older population, with a significant majority living in married couples and a smaller proportion of families with children. The primary language spoken is English, and residents enjoy outdoor recreational activities due to the area’s natural beauty, including lakes and forests, which attract visitors and support local tourism.