Oka
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Oka, debt relief, Quebec
Oka, Quebec, is a picturesque town known for its natural beauty and rich history, including Oka National Park and the 19th-century Oka Monastery. However, many residents face financial challenges due to lower-than-average household incomes, with 10% living below the poverty line. Job scarcity and rising unemployment further complicate their ability to manage expenses, highlighting the need for debt relief solutions.
City: Oka
Province/Territory: Quebec (QC), Canada
Est. Population: 3,968
Financial Challenges
Many people living in Oka, Quebec, face financial struggles because the average household income here is lower than the rest of the province. About 10 out of every 100 people in Oka live below the poverty line, which means they have a hard time paying for things like food, housing, and bills. This makes it difficult for families to save money or handle unexpected expenses.
Additionally, jobs in Oka are becoming harder to find because of problems with trade between Canada and the United States. This issue might cause more people to lose their jobs or have fewer opportunities to earn money. With unemployment expected to rise, people who are already struggling financially may find it even tougher to make ends meet and support their families.
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 Oka, 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 | 1,865 |
Living in poverty | Number of residents who are living in poverty | 440 |
Debt defaulted | Number of residents who have defaulted on a debt payment | 43 |
Insolvencies | Number of residents who filed for insolvency | 10 |
Consumer proposal | Number of residents who filed for a consumer proposal | 8 |
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
Oka National Park: A stunning natural area that offers a variety of outdoor activities such as hiking, camping, and swimming. The park is renowned for its beautiful landscapes and rich biodiversity, making it a prime spot for outdoor enthusiasts.
Oka Village: The charming village center features picturesque streets and historical architecture. It hosts local shops, cafes, and community events, adding to the quaint atmosphere of Oka.
Oka Beach: Located near Oka National Park, this beach is a popular summertime destination for both locals and tourists. It offers a sandy shoreline, picnic areas, and swimming facilities, perfect for family outings.
Saint-Gregoire-de-Nazianze Church: This historic church dating back to the 19th century is a significant landmark in Oka. Its beautiful architecture and serene interior make it a popular spot for reflection and community gatherings.
Île aux Cerfs: Accessible by boat, this small island is a hidden gem near Oka. It offers a peaceful retreat with opportunities for picnicking, hiking, and enjoying nature away from the busier areas.
Oka’s Historic Sites: The region is rich in history, with various markers and sites that showcase its heritage, such as the site of the Oka crisis. These areas educate visitors about local Indigenous history and significant events in Canadian history.

Illustration of Oka, Quebec, Canada
Cost of Living
This table provides a breakdown of various average cost-of-living expenses in Oka, 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 Oka, Quebec compared to nearby cities?
- How has the economic outlook in Oka changed in recent years?
- What are the main financial challenges faced by residents of Oka?
- Are there significant job opportunities in Oka for new graduates?
- What is the average household income in Oka, Quebec?
- How do property taxes in Oka compare to those in neighboring municipalities?
- What financial assistance programs are available for residents of Oka?
If you have a question about debt see our debt related question or ask your own debt related question.
Overview
Located on the north shore of the Ottawa River in Quebec, this town is known for its rich history and natural beauty. It is home to the Oka National Park, where residents and visitors can enjoy outdoor activities like hiking, biking, and swimming in the lake. The town has a strong connection to the local Indigenous community, which influences its culture and traditions. Additionally, it features historical sites such as the 19th-century Oka Monastery, making it a great spot for those interested in both nature and history. With a small population, it provides a close-knit community feel, where many residents participate in local events and traditions.
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!