Borrowing in Centre Hastings, Ontario

Centre Hastings is one of the Ontario communities covered here, with a 2021 Census population of 4,801, and borrowing there is licensed under Ontario's consumer credit rules.

The Ontario rules that apply

Consumer lending in Ontario is licensed provincially or territorially, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators where the current position appears.

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.

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

How borrowing works locally

Interest on a line of credit accrues only on the drawn portion, not on the unused limit.

A longer amortisation lowers each payment and raises the total interest paid over the life of the loan. A lender is free to set its own price below the legal ceiling, and it does so according to the risk it reads in the file.

The census figures for Centre Hastings

Statistics Canada's 2021 Census gives Centre Hastings a population of 4,801. Statistics Canada lists 222.8 square kilometres of land for the community.

That gives a density of 21.5 people per square kilometre, rounded to one decimal place.

Its provincial population rank is 235 within this data set.

Centre Hastings is one of 527 places listed for Ontario, ranked 235 by population and measured at 222.8 square kilometres.

Products compared here

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

• Mortgage loans: Borrowing against residential property, including how a federally regulated lender tests the file.
• Debt relief programs: The formal and informal routes out of unmanageable debt in Canada, and who is licensed to run them.

Centre Hastings appears in the census record with 4,801 residents, and the density of 21.5 people per square kilometre follows from it.

Centre Hastings ranks 235 by 2021 Census population among the covered places in Ontario.

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

At 4,801 residents in the 2021 Census, Centre Hastings is listed alongside the other covered places in Ontario.

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

Centre Hastings is one of 527 covered Ontario places, counted at 4,801 residents with a land area of 222.8 square kilometres.

Centre Hastings sits at rank 235 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

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

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

The density figure for Centre Hastings, 21.5 people per square kilometre, is calculated from the population and land area above.

The land area recorded for Centre Hastings is 222.8 square kilometres, and the population is 4,801 residents in the 2021 Census.

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

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.