Borrowing in Fort Severn 89, Ontario

Fort Severn 89 is one of the Ontario communities covered here, with a 2021 Census population of 364, and borrowing there is licensed under Ontario's consumer credit rules.

The Ontario rules that apply

Consumer credit in Ontario is licensed by the provincial or territorial regulator, and the Financial Consumer Agency of Canada publishes the 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.

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

How borrowing works locally

A lender may ask for proof of address, and a permanent address is a standard requirement for consumer credit.

A mortgage is registered against the property, which is what gives the lender its claim. Variable-rate products move with a reference rate, while fixed-rate products set the price for a defined term.

The census figures for Fort Severn 89

In the 2021 Census, Fort Severn 89 had 364 residents. Land area for Fort Severn 89 is 42.6 square kilometres in the same census.

Population divided by land area produces a density of 8.5 people per square kilometre.

By population it ranks 457 among the Ontario places covered here.

The place record for Fort Severn 89 covers 42.6 square kilometres and 364 residents, a density of 8.5 people per square kilometre.

Products compared here

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

• Personal loans: A fixed sum repaid on a schedule, usually unsecured, for almost any purpose a lender will accept.
• Mortgage loans: Borrowing against residential property, including how a federally regulated lender tests the file.

Readers comparing Fort Severn 89 with another community can use the same four census fields.

For Fort Severn 89, the two census fields above are the only local statistics used anywhere on the page.

Fort Severn 89 sits at rank 457 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

Where a figure for Fort Severn 89 could not be verified, the page names the publisher instead of printing a number.

The land area recorded for Fort Severn 89 is 42.6 square kilometres, and the population is 364 residents in the 2021 Census.

Nothing on the Fort Severn 89 page is estimated; the population and land area come from Statistics Canada's 2021 Census of Population.

The density figure for Fort Severn 89, 8.5 people per square kilometre, is calculated from the population and land area above.

Fort Severn 89 ranks 457 by 2021 Census population among the covered places in Ontario.

Fort Severn 89 is one of 527 covered Ontario places, counted at 364 residents with a land area of 42.6 square kilometres.

The Fort Severn 89 page follows the same structure as every other place page, with population, land area, density and rank.

Fort Severn 89 appears in the census record with 364 residents, and the density of 8.5 people per square kilometre follows from it.

At 364 residents in the 2021 Census, Fort Severn 89 is listed alongside the other 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).

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