Borrowing in Grimsby, Ontario

Grimsby, Ontario, recorded a population of 28,883 in the 2021 Census; the rules that govern a loan signed there are provincial.

The census figures for Grimsby

In the 2021 Census, Grimsby had 28,883 residents. Its land area is 68.7 square kilometres.

On those two figures, density is 420.4 residents per square kilometre when rounded to one decimal place.

Grimsby ranks 64 by population among the Ontario places on this site.

The place record for Grimsby covers 68.7 square kilometres and 28,883 residents, a density of 420.4 people per square kilometre.

Products compared here

The product pages behind this city cover the following borrowing categories, among the 20 products compared nationally.

• Lines of credit: A revolving limit you draw on and repay, usually paying interest only on what is outstanding.
• Home renovation loans: Paying for work on a property, from a small unsecured instalment loan to a secured renovation product.

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.

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

How borrowing works locally

A mortgage is registered against the property, which is what gives the lender its claim.

A lender's assessment looks at income, existing obligations, the credit file, and the asset pledged where there is one. A longer amortisation lowers each payment and raises the total interest paid over the life of the loan.

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

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

The land area recorded for Grimsby is 68.7 square kilometres, and the population is 28,883 residents in the 2021 Census.

At 28,883 residents in the 2021 Census, Grimsby is listed alongside the other covered places in Ontario.

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

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

Grimsby sits at rank 64 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

Grimsby is one of 527 covered Ontario places, counted at 28,883 residents with a land area of 68.7 square kilometres.

The density figure for Grimsby, 420.4 people per square kilometre, is calculated from the population and land area above.

Grimsby appears in the census record with 28,883 residents, and the density of 420.4 people per square kilometre follows from it.

Grimsby ranks 64 by 2021 Census population among the covered places in Ontario.

Nothing on the Grimsby 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).

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