Borrowing in Central Elgin, Ontario

Central Elgin is one of the Ontario places covered here, with 13,746 residents recorded in the 2021 Census and the same provincial rulebook as the rest of the province.

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.

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.

This community sits in the lower-middle population band, which changes the census figures rather than the rules.

The census figures for Central Elgin

In the 2021 Census, Central Elgin had 13,746 residents. 279.9 square kilometres of land are attributed to Central Elgin.

The arithmetic gives 49.1 people per square kilometre.

The community is the 116th largest place in the province within this census set.

Central Elgin sits at rank 116 among the 527 Ontario places here, with 13,746 residents in the 2021 Census.

Products compared here

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

• Collateral loans: Borrowing against an asset a lender will hold, from vehicles to savings, and what happens on default.
• Car loans: Financing a vehicle, including the effect of trade-in equity, negative equity and dealer-arranged credit.

How borrowing works locally

A revolving product charges interest on the outstanding balance, while an instalment product charges a fixed schedule of payments.

Debt management plans are administered by accredited credit counsellors, and they are not loans. A mortgage is registered against the property, which is what gives the lender its claim.

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

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

The density figure for Central Elgin, 49.1 people per square kilometre, is calculated from the population and land area above.

At 13,746 residents in the 2021 Census, Central Elgin is listed alongside the other covered places in Ontario.

The land area recorded for Central Elgin is 279.9 square kilometres, and the population is 13,746 residents in the 2021 Census.

Central Elgin sits at rank 116 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

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

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

Central Elgin is one of 527 covered Ontario places, counted at 13,746 residents with a land area of 279.9 square kilometres.

Central Elgin appears in the census record with 13,746 residents, and the density of 49.1 people per square kilometre follows from it.

Central Elgin ranks 116 by 2021 Census population among the 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).

Lending rules change, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators where the current position is confirmed.