Forestville
Expert Debt Solutions & Consumer Proposals
Forestville, debt relief, Quebec
Forestville, Quebec, offers a beautiful natural setting but faces economic challenges. Limited job opportunities and rising housing costs strain residents’ finances, making it difficult to afford basic necessities. The increasing cost of living adds further pressure, as wages do not reflect rising expenses, leaving many struggling with debt. Residents may seek debt relief solutions to manage their financial hardships effectively.
City: Forestville
Province/Territory: Quebec (QC), Canada
Est. Population: 3,270
Financial Challenges
Many people living in Forestville face tough times because there aren’t many job opportunities available. With not enough jobs, it can be hard to earn enough money to pay for things like rent or buying a home. Housing prices are going up, which makes it even harder for families to afford a place to live. When there aren’t enough good jobs, people might have to take lower-paying work, which doesn’t help their financial situation.
Besides job and housing issues, the cost of living in Forestville is increasing. Taxes and everyday expenses like groceries and utilities are getting higher, but wages aren’t rising as much. This means that even if people are working, they might still struggle to save money or pay off debts. All these factors together make it really challenging for those who are already having money problems to stay financially stable.
Debt Relief Solutions Available
Financial Planning
Financial planning means making a smart plan for your money. It helps you budget, set goals, and save for the future. With a plan in place, you can feel more in control of your money and avoid falling into debt again.
Find out more about Financial PlanningDebt Management Plan
A Debt Management Plan, or DMP, helps you pay back what you owe in one simple monthly payment. A credit expert talks to your creditors to lower your interest and make the debt easier to handle.
Find out more about Debt ManagementDebt Consolidation
Debt consolidation means putting all your debts—like credit cards and loans—into one new loan. This new loan usually has a lower interest rate, which can help you save money and pay off your debt faster.
Find out more about Debt ConsolidationDebt Settlement
Debt settlement means offering less than the full amount you owe to clear your debt. Creditors may accept it because they get paid quickly. A debt settlement company usually helps with this process.
Find out more about Debt SettlementConsumer Proposal
A consumer proposal is a legal deal between you and the people you owe. You agree to pay back part of your debt in smaller monthly payments. A Licensed Insolvency Trustee helps make the plan and talks to your creditors for you.
Find out more about Consumer ProposalsBankruptcy
Bankruptcy is a legal way to clear most of your debts if you can’t pay them back. It gives you a fresh start, but it can also hurt your credit score for several years.
Find out more about Bankruptcy
*Illustration of Forestville, Quebec
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 | 1,537 |
| Living in poverty | Number of residents who are living in poverty | 363 |
| Debt defaulted | Number of residents who have defaulted on a debt payment | 36 |
| Insolvencies | Number of residents who filed for insolvency | 8 |
| Consumer proposal | Number of residents who filed for a consumer proposal | 6 |
| Personal bankruptcy | Number of residents who filed for personal bankruptcy | 2 |
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!
Areas / Neighbourhoods
Centre-Ville
The downtown area of Forestville, Centre-Ville is the hub of commercial activity, featuring various shops, restaurants, and local businesses. It’s a lively area with community events and a welcoming atmosphere.Parc Michel-Leblanc
This spacious park is a popular gathering place for residents and visitors alike. It offers recreational facilities, playgrounds, and picnic areas, making it ideal for families and outdoor activities.Quartier du Vieux-Forestville
Known for its historic charm, this neighborhood features older homes and buildings that reflect the town’s heritage. The area is a great place to take leisurely walks and enjoy the local architecture and community spirit.Les Forges
A tranquil residential area, Les Forges is characterized by its quiet streets and family-friendly environment. It’s perfect for those seeking a more suburban feel while still being close to the amenities of the main town.Rue de la Mer
This picturesque street runs along the waterfront and offers beautiful views of the river. It is popular among those who enjoy outdoor activities, such as fishing and boating, and features several waterfront properties.
Illustration of Forestville, Quebec, Canada
Cost of Living
This table provides a breakdown of various average cost-of-living expenses in Forestville, Canada to help understand the financial requirements for different living situations.
| Item | Description | Average Cost |
|---|---|---|
| Housing (1BR) | Monthly rent for a 1-bedroom apartment | $1,270 |
| Housing (2BR) | Monthly rent for a 2-bedroom apartment | $1,750 |
| Average Home Price | Average price to purchase a home | $502,000 |
| Utilities | Monthly cost for electricity, heating, water, and garbage | $200 |
| Food (Single) | Monthly grocery cost for a single person | $300 |
| Food (Family) | Monthly grocery cost for a family of four | $850 |
| 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 | $1,270 |
| Transportation (Car) | Monthly cost for car ownership | $550 |
| Childcare (Daycare) | Monthly cost for daycare | $650 |
| Childcare (After-School) | Monthly cost for after-school programs | $300 |
The cost of living data is based on provincial averages and may differ between cities, towns, and rural areas.
Top Questions
- What is the average cost of living in Forestville, Quebec?
- How does Forestville’s economic outlook compare to other cities in Quebec?
- What are the main sources of income for residents of Forestville?
- What financial challenges do residents face in Forestville?
- Are there job opportunities in Forestville that pay well?
- How affordable is housing in Forestville compared to the provincial average?
- What support programs are available for financially struggling residents in Forestville?
If you have a question about debt see our debt related question or ask your own debt related question.
Overview
Located along the picturesque shores of the St. Lawrence River in Quebec, this small town is known for its beautiful natural surroundings, including lush forests and access to waterways that attract outdoor enthusiasts. The community is a center for various activities such as fishing, hiking, and winter sports, making it a popular destination for nature lovers. With a rich history in forestry and industry, the town also features charming local shops and cultural events that celebrate its heritage. Many residents take pride in their close-knit community and enjoy a peaceful lifestyle while surrounded by stunning landscapes.
Eliminate 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!