Borrowing in Carleton Place, Ontario

With 12,517 residents counted in the 2021 Census, Carleton Place sits inside Ontario's provincial lending framework.

The Ontario rules that apply

The regulator for consumer credit in Ontario is the body listed by the federal Payday Lending Regulations (SOR/2024-114) provincial and territorial regulators.

The federal Payday Lending Regulations (SOR/2024-114) count Ontario among the provinces with payday lending rules, where the published maximum cost of borrowing is $14 per $100 advanced under SOR/2024-114.

Size changes the census figures, not the rules; this community falls in the lower-middle band.

How borrowing works locally

A secured product gives the lender a claim on a named asset, which is why its price is usually lower than an unsecured equivalent.

A deposit or trade-in reduces the amount financed and therefore the interest charged over the term. A mortgage is registered against the property, which is what gives the lender its claim.

The census figures for Carleton Place

The 2021 Census counted 12,517 residents in Carleton Place. The community covers 9.9 square kilometres of land.

On those two figures, density is 1259.3 residents per square kilometre when rounded to one decimal place.

The 2021 Census population places it at rank 126 in the province.

Within Ontario, Carleton Place is place number 126 by population in this census set, at 12,517 residents.

Products compared here

Among the 20 products compared here, these two are commonly used for the purposes described.

• Secured loans: Borrowing against an asset, which lowers the price but puts the asset at risk if you default.
• Business lines of credit: A revolving operating limit for a business, and why it behaves differently from a term loan.

The land area recorded for Carleton Place is 9.9 square kilometres, and the population is 12,517 residents in the 2021 Census.

Carleton Place is one of 527 covered Ontario places, counted at 12,517 residents with a land area of 9.9 square kilometres.

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

Carleton Place appears in the census record with 12,517 residents, and the density of 1259.3 people per square kilometre follows from it.

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

The density figure for Carleton Place, 1259.3 people per square kilometre, is calculated from the population and land area above.

At 12,517 residents in the 2021 Census, Carleton Place is listed alongside the other covered places in Ontario.

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

Carleton Place ranks 126 by 2021 Census population among the covered places in Ontario.

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

Carleton Place sits at rank 126 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

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

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

Census figures are from Statistics Canada's 2021 Census of Population, and the payday position is taken from the federal Payday Lending Regulations (SOR/2024-114).

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.