Borrowing in Essa, Ontario

A loan taken out in Essa is governed by Ontario's licensing rules, and the 2021 Census counted 22,970 people in the community.

The census figures for Essa

Population for Essa stands at 22,970 in the 2021 Census. 279.9 square kilometres of land are attributed to Essa.

The arithmetic gives 82.1 people per square kilometre.

Its provincial population rank is 77 within this data set.

Compared with the other 527 covered Ontario places, Essa ranks 77 by population.

Products compared here

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

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The Ontario rules that apply

The regulator for consumer credit in Ontario is the body listed by the federal Payday Lending Regulations (SOR/2024-114) provincial and territorial regulators.

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.

Size changes the census figures, not the rules; this community falls in the lower-middle band.

How borrowing works locally

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

A mortgage is registered against the property, which is what gives the lender its claim. Joint applications combine two incomes and two sets of obligations in the same assessment.

Essa ranks 77 by 2021 Census population among the covered places in Ontario.

At 22,970 residents in the 2021 Census, Essa is listed alongside the other covered places in Ontario.

Essa sits at rank 77 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

Essa is one of 527 covered Ontario places, counted at 22,970 residents with a land area of 279.9 square kilometres.

The density figure for Essa, 82.1 people per square kilometre, is calculated from the population and land area above.

The land area recorded for Essa is 279.9 square kilometres, and the population is 22,970 residents in the 2021 Census.

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

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

Essa appears in the census record with 22,970 residents, and the density of 82.1 people per square kilometre follows from it.

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

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

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

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).

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