Ormstown

Expert Debt Solutions - Consumer Proposals & More

_{Ormstown, debt relief, Quebec}

Ormstown, Quebec, with a population of 3,917, faces challenges in debt relief due to its aging population and limited job opportunities. Many residents, particularly seniors on fixed incomes, struggle with rising costs, especially in housing. The local economy’s stagnation exacerbates financial issues, and the scarcity of financial institutions makes debt management and access to assistance more difficult for the community.

City: Ormstown
Province/Territory: Quebec (QC), Canada
Est. Population: 3,595

Financial Challenges

Living in Ormstown can be tough if you’re having money problems. Many people here are older, which means they might have fixed incomes and have to spend more on healthcare. Finding a good job can be hard because there aren’t as many jobs in the town itself. Some people have to travel to bigger cities for work, which adds more costs like gas and transportation.

Another challenge is that the town has been growing, which can make things like housing more expensive. With the overall economy in Quebec not growing much and more people without jobs, it’s harder to find stable work and keep money in your pocket. Plus, because Ormstown is a smaller place, there might not be as many banks or places to get help with managing money, making it harder to handle debt or other financial issues.

Debt Relief Solutions Available

_{*Illustration of Ormstown, Quebec}

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

• Downtown Ormstown
  The heart of the town, downtown Ormstown features a mix of local shops, cafes, and services. It’s where community events are often held and has a vibrant atmosphere, making it a popular spot for both residents and visitors.

• Ormstown Village
  A quaint neighborhood that embodies the charm of small-town life, Ormstown Village is known for its close-knit community, beautiful residential homes, and access to parks and recreational facilities.

• Beauharnois Canal Area
  This scenic area is ideal for outdoor enthusiasts, offering lovely walking trails along the canal. It’s a peaceful spot perfect for picnics, bird-watching, and enjoying nature.

• Côteau-du-Lac
  Located on the outskirts of Ormstown, this serene neighborhood is known for its spacious lots and tranquil environment. It attracts families looking for a quiet lifestyle while still being close to town amenities.

• Rural Surroundings
  The areas surrounding Ormstown are characterized by picturesque farmland and natural landscapes. While not a neighborhood in the traditional sense, these rural spaces offer a unique appeal for those who prefer a quieter, countryside living experience.

_{Illustration of Ormstown, Quebec, Canada}

Cost of Living

This table provides a breakdown of various average cost-of-living expenses in Ormstown, 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 current cost of living in Ormstown, Quebec?
2. How do housing prices in Ormstown compare to other cities in Quebec?
3. What are the main economic drivers for Ormstown’s local economy?
4. Are there financial assistance programs available for residents facing economic challenges in Ormstown?
5. What job opportunities are currently available in Ormstown and how do they impact the local economy?
6. How has the economic outlook in Ormstown changed in recent years?
7. What are the average utility costs for residents in Ormstown?
   

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

Overview

Located in Quebec, this small municipality has a population of approximately 3,917 people as of the 2021 census and covers an area of 142.24 square kilometers, leading to a low population density of about 27.5 residents per square kilometer. The community has seen a 9% population growth between 2016 and 2021, suggesting its steady appeal. The median age is notably higher than the Quebec average at 47.2 years, indicating an aging population with around 24.6% of residents aged 65 or older. Linguistically, it is diverse, with 32.5% of the population speaking only French and 12.7% speaking only English. Family structures are common, with 50% of households consisting of married couples and 37% having children living at home.