Leeds and the Thousand Islands
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Leeds and the Thousand Islands, debt relief, Ontario
Leeds and the Thousand Islands in Ontario is known for its natural beauty and outdoor activities, but residents face financial challenges, including rising taxes and infrastructure costs. As essential projects strain budgets, individuals may struggle with daily expenses, prompting them to consider debt relief options like debt management, consumer proposals, or personal bankruptcy to cope with their financial situations.
City: Leeds and the Thousand Islands
Province/Territory: Ontario (ON), Canada
Est. Population: 9,465
Financial Challenges
Living and working in Leeds and the Thousand Islands, Ontario can be hard for people who are struggling with money. The town has to spend more on things like police services and fixing roads, which means homeowners have to pay higher taxes. Even though the tax rate didn’t go up a lot, most people still have to pay about $71 more each year. This extra cost can make it difficult to afford everyday things like food and bills.
Besides higher taxes, there are important projects like improving water and waste systems that need money. The province of Ontario is also dealing with its own budget issues, which means the town might not get as much help as it needs. People who have trouble paying their bills might have to look into options like debt plans or bankruptcy to get by. All these challenges make living and working in Leeds and the Thousand Islands tougher for those who are having money problems.
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 Leeds and the Thousand Islands, 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 | 4,449 |
Living in poverty | Number of residents who are living in poverty | 1,051 |
Debt defaulted | Number of residents who have defaulted on a debt payment | 103 |
Insolvencies | Number of residents who filed for insolvency | 24 |
Consumer proposal | Number of residents who filed for a consumer proposal | 18 |
Personal bankruptcy | Number of residents who filed for personal bankruptcy | 6 |
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.
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Areas / Neighbourhoods
Gananoque: Often referred to as the “Gateway to the Thousand Islands,” Gananoque is a picturesque town known for its waterfront views, vibrant arts scene, and historical architecture. It serves as a key starting point for island tours and is home to the Thousand Islands Playhouse.
Lansdowne: A small village with a friendly community atmosphere, Lansdowne is situated along the St. Lawrence River. It features a charming downtown area, parks, and access to recreational activities in nearby natural settings.
Rockport: Renowned for its beautiful scenery and historic charm, Rockport is a popular destination for boaters and visitors looking to explore the Thousand Islands. It’s also home to unique accommodations and dining options.
Brockville: While slightly outside Leeds and the Thousand Islands, Brockville is an essential nearby city known for its historic downtown, waterfront parks, and the Thousand Islands River Cruises. It provides a range of amenities and services that attract many visitors.
Athens: A quaint village with deep historical roots, Athens is known for its heritage buildings and a strong sense of community. It features local shops, parks, and is close to various outdoor activities along the Rideau Canal.
Tweed: Although part of a different area, Tweed draws visitors for its scenic beauty and tranquility, offering a peaceful retreat surrounded by nature. It’s ideal for those seeking outdoor adventures and relaxation.
Ile de Dark: This small island getaway in the Thousand Islands offers a serene escape with opportunities for kayaking, hiking, and exploring the natural beauty of the area. It is a less-commercialized option for visitors seeking tranquility.
Mallorytown: A village located in the Thousand Islands region, Mallorytown is close to several parks and outdoor recreational areas. It is known for its community events and proximity to the beautiful Thousand Islands National Park.

Illustration of Leeds and the Thousand Islands, Ontario, Canada
Cost of Living
This table provides a breakdown of various average cost-of-living expenses in Leeds and the Thousand Islands, 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 current cost of living in Leeds and the Thousand Islands, Ontario?
- How do housing prices in Leeds and the Thousand Islands compare to nearby areas?
- What economic sectors are most prominent in Leeds and the Thousand Islands?
- What is the average income of residents in Leeds and the Thousand Islands?
- Are there financial assistance programs available for residents facing economic challenges in Leeds and the Thousand Islands?
- How is the job market in Leeds and the Thousand Islands, and which industries are hiring?
- What impact has tourism had on the local economy of Leeds and the Thousand Islands?
If you have a question about debt see our debt related question or ask your own debt related question.
Overview
Leeds and the Thousand Islands is a picturesque area in Ontario known for its stunning natural beauty, featuring thousands of islands scattered along the St. Lawrence River. This region is rich in history and offers various outdoor activities, such as boating, fishing, and hiking, attracting visitors year-round. The local communities are friendly, with charming villages and seasonal festivals that celebrate the area’s heritage. With beautiful landscapes, it provides a perfect setting for both relaxation and adventure, making it a popular destination for tourism and recreation.
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!