Borrowing in Deer Lake, Ontario

This page covers borrowing in Deer Lake, Ontario: the census facts, the provincial rules, and the products people compare.

Products compared here

Each product below has its own page, and the Ontario position applies to all of them.

• 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 prepayment privilege allows a borrower to pay more than the scheduled amount, sometimes with a charge attached.

A shorter term raises each payment and lowers the total interest, which is the trade every schedule makes. A deposit or trade-in reduces the amount financed and therefore the interest charged over the term.

The Ontario rules that apply

Licensing for consumer credit in Ontario sits with the province or territory, and the Financial Consumer Agency of Canada maintains the public list of provincial and territorial regulators.

Payday lending is licensed in Ontario; the federal Payday Lending Regulations (SOR/2024-114) publish a cap of $14 per $100 advanced, and notes that a province may set a lower figure.

Communities of this size are listed here with population, land area and density, and the lending rules remain provincial.

The census figures for Deer Lake

The 2021 Census counted 1,087 residents in Deer Lake. The census records a land area of 13.7 square kilometres for Deer Lake.

Population divided by land area produces a density of 79.6 people per square kilometre.

The 2021 Census population places it at rank 347 in the province.

Deer Lake sits at rank 347 among the 527 Ontario places here, with 1,087 residents in the 2021 Census.

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

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

At 1,087 residents in the 2021 Census, Deer Lake is listed alongside the other covered places in Ontario.

Deer Lake ranks 347 by 2021 Census population among the covered places in Ontario.

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

Deer Lake sits at rank 347 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

The density figure for Deer Lake, 79.6 people per square kilometre, is calculated from the population and land area above.

Deer Lake appears in the census record with 1,087 residents, and the density of 79.6 people per square kilometre follows from it.

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

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

Deer Lake is one of 527 covered Ontario places, counted at 1,087 residents with a land area of 13.7 square kilometres.

The land area recorded for Deer Lake is 13.7 square kilometres, and the population is 1,087 residents in the 2021 Census.

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 provincial rules apply wherever a borrower is in Ontario; a municipal boundary does not change them.