Borrowing in Cornwall, Ontario

Cornwall is one of the Ontario communities covered here, with a 2021 Census population of 47,845, and borrowing there is licensed under Ontario's consumer credit rules.

Products compared here

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

• Emergency loans: Money for an urgent expense, and the order in which a sensible borrower works through the options.
• Unsecured loans: Borrowing with no asset pledged, priced for the risk the lender is taking on your file alone.

How borrowing works locally

A deposit or trade-in reduces the amount financed and therefore the interest charged over the term.

Variable-rate products move with a reference rate, while fixed-rate products set the price for a defined term. A provincial regulator publishes licensing requirements, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators.

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.

A payday advance in Ontario falls under a provincial licensing regime, and the cost of borrowing is capped at $14 per $100 advanced according to the federal Payday Lending Regulations (SOR/2024-114).

Places in the middle band are mid-sized by Canadian standards, and the products compared here are the same provincial set.

The census figures for Cornwall

Population for Cornwall stands at 47,845 in the 2021 Census. Its land area is 61.5 square kilometres.

That gives a density of 778.0 people per square kilometre, rounded to one decimal place.

The community is the 45th largest place in the province within this census set.

Cornwall is one of 527 places listed for Ontario, ranked 45 by population and measured at 61.5 square kilometres.

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

At 47,845 residents in the 2021 Census, Cornwall is listed alongside the other covered places in Ontario.

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

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

The land area recorded for Cornwall is 61.5 square kilometres, and the population is 47,845 residents in the 2021 Census.

Cornwall appears in the census record with 47,845 residents, and the density of 778.0 people per square kilometre follows from it.

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

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

The density figure for Cornwall, 778.0 people per square kilometre, is calculated from the population and land area above.

Cornwall is one of 527 covered Ontario places, counted at 47,845 residents with a land area of 61.5 square kilometres.

Cornwall ranks 45 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.

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).

Compare the disclosure on any agreement against the provincial ceiling, and treat the census figures as the only local statistics on the page.