Val-Morin
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Val-Morin, debt relief, Quebec
Val-Morin, located in Quebec’s Laurentians, is admired for its natural beauty and outdoor activities. However, residents face financial challenges due to high housing costs, limited grocery options, and scarce job opportunities. These economic factors can strain budgets, making debt relief solutions essential for those struggling with expenses in this picturesque but economically challenging environment.
City: Val-Morin
Province/Territory: Quebec (QC), Canada
Est. Population: 3,123
Financial Challenges
Living in Val-Morin can be tough for people who have money problems. Housing might be expensive, making it hard to pay for rent or buy a home. Sometimes, there aren’t many affordable places to buy groceries or get other everyday things, so people have to spend more than they can afford.
Finding a good job in Val-Morin might also be difficult because there aren’t many big businesses around. This means there are fewer job opportunities, and people might have to travel to other places to work, which costs extra money. All these factors can make it hard for someone with money problems to live comfortably and manage their expenses.
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 Val-Morin, 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 | 1,468 |
| Living in poverty | Number of residents who are living in poverty | 347 |
| Debt defaulted | Number of residents who have defaulted on a debt payment | 34 |
| 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
Village of Val-Morin: This charming village is the heart of Val-Morin, featuring picturesque streets, local shops, and restaurants. It’s known for its community atmosphere and seasonal events.
Lake Morin: A beautiful area surrounded by nature, Lake Morin offers recreational activities like swimming, kayaking, and fishing. The scenic beauty and tranquility make it a popular spot for families and nature lovers.
Mont Agel: This neighborhood is renowned for its proximity to outdoor activities, including skiing in winter and hiking in summer. Mont Agel offers stunning views of the Laurentians and is a favorite for adventure enthusiasts.
Les Falaises: Known for its large properties and chalet-style homes, Les Falaises attracts those seeking a peaceful residential area. The natural surroundings and hiking trails add to its appeal.
Val-Morin Ski Resort: A key attraction during the winter months, this area draws ski enthusiasts from near and far. With various slopes and trails, it’s a hub for winter sports and family activities.
Domaine de la Forêt: This area offers a mix of residential homes and wooded lots, making it ideal for people looking for a serene living environment. It’s perfect for those who enjoy privacy and nature walks.
La Petite Maison: A quaint neighborhood known for its close-knit community and stunning architecture. It celebrates local culture and arts, hosting various workshops and events throughout the year.
Illustration of Val-Morin, Quebec, Canada
Cost of Living
This table provides a breakdown of various average cost-of-living expenses in Val-Morin, 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 Val-Morin, Quebec?
- How do housing prices in Val-Morin compare to nearby cities?
- What are the major economic sectors driving Val-Morin’s economy?
- Are there financial assistance programs available for residents in Val-Morin?
- What is the unemployment rate in Val-Morin, and how does it affect residents’ financial stability?
- How has the cost of living in Val-Morin changed over the past few years?
- What are the average salaries for common jobs in Val-Morin?
If you have a question about debt see our debt related question or ask your own debt related question.
Overview
Nestled in the Laurentians region of Quebec, this small municipality is known for its stunning natural surroundings, including beautiful lakes and lush forests, making it a popular destination for outdoor enthusiasts. With numerous trails for hiking, skiing, and biking, the area offers plenty of activities year-round. The community’s charming atmosphere is characterized by a blend of residential areas, local shops, and cultural events, providing a welcoming environment for both residents and visitors. The peaceful setting is perfect for those looking to escape the hustle and bustle of city life while enjoying the beauty of nature.
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!