Borrowing in Bonnechere Valley, Ontario

A loan taken out in Bonnechere Valley is governed by Ontario's licensing rules, and the 2021 Census counted 3,898 people in the community.

The Ontario rules that apply

Consumer credit in Ontario is licensed by the provincial or territorial regulator, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators.

The federal payday lending regulations, SOR/2024-114, cap the cost of borrowing at $14 per $100 advanced in Ontario, which the federal Payday Lending Regulations (SOR/2024-114) list as a province that regulates the product.

This is a small community by population, inside the lowest band used on this site, and the provincial framework applies without variation.

The census figures for Bonnechere Valley

In the 2021 Census, Bonnechere Valley had 3,898 residents. 588.4 square kilometres of land are attributed to Bonnechere Valley.

Population divided by land area produces a density of 6.6 people per square kilometre.

The community is the 255th largest place in the province within this census set.

The place record for Bonnechere Valley covers 588.4 square kilometres and 3,898 residents, a density of 6.6 people per square kilometre.

Products compared here

The site describes 20 products in total; the two below are representative of the range.

• Home equity loans: Converting property equity into credit, and the difference between a lump sum and a revolving limit.
• Payday loans: Small, short-term advances against a pay date, the most tightly regulated product in Canadian consumer credit.

How borrowing works locally

A credit file is compiled by private agencies from information lenders and other creditors report.

Debt management plans are administered by accredited credit counsellors, and they are not loans. A secured product gives the lender a claim on a named asset, which is why its price is usually lower than an unsecured equivalent.

Where a figure for Bonnechere Valley could not be verified, the page names the publisher instead of printing a number.

The Bonnechere Valley page follows the same structure as every other place page, with population, land area, density and rank.

Bonnechere Valley sits at rank 255 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

For Bonnechere Valley, the two census fields above are the only local statistics used anywhere on the page.

The density figure for Bonnechere Valley, 6.6 people per square kilometre, is calculated from the population and land area above.

Readers comparing Bonnechere Valley with another community can use the same four census fields.

Bonnechere Valley appears in the census record with 3,898 residents, and the density of 6.6 people per square kilometre follows from it.

The land area recorded for Bonnechere Valley is 588.4 square kilometres, and the population is 3,898 residents in the 2021 Census.

Bonnechere Valley is one of 527 covered Ontario places, counted at 3,898 residents with a land area of 588.4 square kilometres.

Bonnechere Valley ranks 255 by 2021 Census population among the covered places in Ontario.

Nothing on the Bonnechere Valley page is estimated; the population and land area come from Statistics Canada's 2021 Census of Population.

At 3,898 residents in the 2021 Census, Bonnechere Valley is listed alongside the other covered places in Ontario.

loanmoose.ca is not a lender and does not make credit decisions. The lowest rates are only available to the most qualified applicants.

Population and land area figures come from Statistics Canada's 2021 Census of Population; regulatory statements are attributed to the federal Payday Lending Regulations (SOR/2024-114).

Where a figure could not be verified, the page names the publisher instead of printing a number.