North Grenville

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North Grenville, debt help, Ontario

North Grenville, Eastern Ontario, is known for its natural beauty and community spirit, offering recreational activities along the Rideau River. However, residents face challenges such as rising rents and a lack of affordable housing, impacting families and seniors. Many struggle with low incomes and high living costs, making effective debt relief options essential for financial management and sustainability.

City: North Grenville
Province/Territory: Ontario (ON), Canada
Est. Population: 17,964

Financial Challenges

Many people in North Grenville find it hard to afford places to live. There aren’t enough rental homes, so rents keep going up. This makes it tough for families, young people, and seniors to find a home they can pay for. Even small apartments for one person are hard to find and expensive, so lots of people have to spend a big part of their money on rent each month.

On top of high housing costs, some people don’t earn enough money to cover their expenses. Single-person households often have lower incomes, making it difficult to pay for things like food, transportation, and bills. More people are renting instead of owning a home, which can make saving money harder. Even though the city is working on building more affordable homes, many people still struggle to make ends meet and manage their finances.

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


North Grenville landscape with a focus on community resources for debt relief and financial support.

*Illustration of North Grenville, 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 paycheck8,443
Living in povertyNumber of residents who are living in poverty1,994
Debt defaultedNumber of residents who have defaulted on a debt payment196
InsolvenciesNumber of residents who filed for insolvency45
Consumer proposalNumber of residents who filed for a consumer proposal34
Personal bankruptcyNumber of residents who filed for personal bankruptcy11

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

  • Kemptville
    The largest community in North Grenville, Kemptville serves as the administrative center. It features a charming downtown area with a mix of historic buildings, local shops, and restaurants, making it a hub for social and community activities.

  • Oxford Mills
    A picturesque little village known for its quaint charm and rural setting. Oxford Mills is characterized by its historic homes and proximity to the Rideau River, making it a popular spot for those who enjoy outdoor activities such as kayaking and fishing.

  • Brinston
    A small community located near the banks of the Rideau River, Brinston is known for its close-knit atmosphere. Residents appreciate the peaceful surroundings, as well as its proximity to several recreational opportunities.

  • Croghan
    This neighborhood offers a serene countryside lifestyle with scenic views and open spaces. Croghan is ideal for those looking for a quiet place to live while still being close to Kemptville and the amenities it offers.

  • North Grenville Rural Areas
    The rural areas surrounding Kemptville include several farms and larger properties, appealing to those seeking a larger estate or more land. These areas are known for their natural beauty and agricultural heritage.

North Grenville landscape with a focus on community resources for debt relief and financial support. Debt solutions available.

Illustration of North Grenville, Ontario, Canada

Cost of Living

This table provides a breakdown of various average cost-of-living expenses in North Grenville, 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 North Grenville compared to other regions in Ontario?
  2. How has the housing market in North Grenville changed in the past few years?
  3. What are the primary sources of employment in North Grenville and how do they affect local wages?
  4. Are there any financial assistance programs available for residents facing economic hardships in North Grenville?
  5. How do property taxes in North Grenville compare to nearby municipalities?
  6. What is the economic outlook for North Grenville over the next five years?
  7. How do utility costs in North Grenville impact the overall cost of living for residents?

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

Overview

Located in Eastern Ontario, this community is known for its natural beauty and friendly atmosphere. It features a mix of scenic landscapes, including the Rideau River, which is popular for recreational activities like boating and fishing. The area has a rich history, with various cultural events and festivals throughout the year that celebrate local heritage. Residents can enjoy a range of outdoor activities, thanks to numerous parks and trails. The local economy is supported by small businesses and a commitment to community development, making it an appealing place for families and individuals 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