Borrowing in Bruce Mines, Ontario

With 582 residents counted in the 2021 Census, Bruce Mines sits inside Ontario's provincial lending framework.

How borrowing works locally

Payment history is reported to credit agencies, and that record is what builds or damages a credit file over time.

A consumer proposal or a bankruptcy is administered by a licensed insolvency trustee rather than by a lender. A credit file is compiled by private agencies from information lenders and other creditors report.

Products compared here

The product pages behind this city cover the following borrowing categories, among the 20 products compared nationally.

• Car loans: Financing a vehicle, including the effect of trade-in equity, negative equity and dealer-arranged credit.
• Debt consolidation loans: Replacing several expensive debts with one payment, and the arithmetic that decides whether it helps.

The census figures for Bruce Mines

Population for Bruce Mines stands at 582 in the 2021 Census. The census records a land area of 6.1 square kilometres for Bruce Mines.

The arithmetic gives 95.6 people per square kilometre.

Bruce Mines ranks 412 by population among the Ontario places on this site.

The place record for Bruce Mines covers 6.1 square kilometres and 582 residents, a density of 95.6 people per square kilometre.

The Ontario rules that apply

Provincial or territorial law decides who may lend in Ontario, and the Financial Consumer Agency of Canada publishes the list that names the regulator responsible.

Payday lending is licensed in Ontario; the federal Payday Lending Regulations (SOR/2024-114) publish a cap of $14 per $100 advanced, and notes that a province may set a lower figure.

At the small end of the census range, the community still borrows inside the province's licensing system.

Bruce Mines appears in the census record with 582 residents, and the density of 95.6 people per square kilometre follows from it.

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

The density figure for Bruce Mines, 95.6 people per square kilometre, is calculated from the population and land area above.

The land area recorded for Bruce Mines is 6.1 square kilometres, and the population is 582 residents in the 2021 Census.

Bruce Mines ranks 412 by 2021 Census population among the covered places in Ontario.

Readers comparing Bruce Mines with another community can use the same four census fields.

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

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

At 582 residents in the 2021 Census, Bruce Mines is listed alongside the other covered places in Ontario.

Bruce Mines is one of 527 covered Ontario places, counted at 582 residents with a land area of 6.1 square kilometres.

Bruce Mines sits at rank 412 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

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

The 2021 Census of Population published by Statistics Canada is the source for population and land area; the federal Payday Lending Regulations (SOR/2024-114) are the source for payday rules.

Compare the disclosure on any agreement against the provincial ceiling, and treat the census figures as the only local statistics on the page.