Borrowing in Cambridge, Ontario

Cambridge is one of the Ontario communities covered here, with a 2021 Census population of 138,479, and borrowing there is licensed under Ontario's consumer credit rules.

How borrowing works locally

A mortgage is registered against the property, which is what gives the lender its claim.

A revolving product charges interest on the outstanding balance, while an instalment product charges a fixed schedule of payments. An application usually asks for identification, income evidence, banking details and a statement of obligations.

Products compared here

Two of the 20 covered products appear below, each with the purpose the product is designed for.

• Home renovation loans: Paying for work on a property, from a small unsecured instalment loan to a secured renovation product.
• Emergency loans: Money for an urgent expense, and the order in which a sensible borrower works through the options.

The census figures for Cambridge

Population for Cambridge stands at 138,479 in the 2021 Census. The census records a land area of 113.0 square kilometres for Cambridge.

That gives a density of 1225.6 people per square kilometre, rounded to one decimal place.

Among covered Ontario places, Cambridge sits at rank 19 by population.

Cambridge is one of 527 places listed for Ontario, ranked 19 by population and measured at 113.0 square kilometres.

The Ontario rules that apply

Licensing for consumer credit in Ontario sits with the province or territory, and the Financial Consumer Agency of Canada maintains the public list of provincial and territorial regulators.

In Ontario, payday lending operates under a licensed provincial regime, and the federal Payday Lending Regulations (SOR/2024-114) record a maximum cost of borrowing of $14 for each $100 advanced under SOR/2024-114.

Places in the upper-middle band are grouped here, with the province setting the cost and licensing rules.

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

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

The land area recorded for Cambridge is 113.0 square kilometres, and the population is 138,479 residents in the 2021 Census.

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

Cambridge is one of 527 covered Ontario places, counted at 138,479 residents with a land area of 113.0 square kilometres.

At 138,479 residents in the 2021 Census, Cambridge is listed alongside the other covered places in Ontario.

The density figure for Cambridge, 1225.6 people per square kilometre, is calculated from the population and land area above.

Cambridge appears in the census record with 138,479 residents, and the density of 1225.6 people per square kilometre follows from it.

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

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

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

Statistics Canada's 2021 Census of Population supplies the population and land-area figures, and the federal Payday Lending Regulations (SOR/2024-114) supply the payday position.

The same structure is used for every place covered, so two communities can be compared field by field: population, land area, density, rank, and the provincial rules.