Borrowing in Clarington, Ontario

Clarington, Ontario, recorded a population of 101,427 in the 2021 Census; the rules that govern a loan signed there are provincial.

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.

The upper-middle band covers substantial cities, each licensed under the same provincial framework.

How borrowing works locally

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

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. A longer amortisation lowers each payment and raises the total interest paid over the life of the loan.

The census figures for Clarington

The 2021 Census counted 101,427 residents in Clarington. Land area for Clarington is 610.8 square kilometres in the same census.

Population divided by land area produces a density of 166.0 people per square kilometre.

By population it ranks 28 among the Ontario places covered here.

Clarington therefore appears at rank 28 of 527 covered Ontario places, with a density of 166.0 people per square kilometre.

Products compared here

These are two of the 20 products described on the site, and each has a national page as well as the provincial rules.

• 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.

At 101,427 residents in the 2021 Census, Clarington is listed alongside the other covered places in Ontario.

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

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

Clarington is one of 527 covered Ontario places, counted at 101,427 residents with a land area of 610.8 square kilometres.

Clarington appears in the census record with 101,427 residents, and the density of 166.0 people per square kilometre follows from it.

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

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

The density figure for Clarington, 166.0 people per square kilometre, is calculated from the population and land area above.

The land area recorded for Clarington is 610.8 square kilometres, and the population is 101,427 residents in the 2021 Census.

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

Clarington sits at rank 28 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

Clarington ranks 28 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.

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.

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