Borrowing in Guelph/Eramosa, Ontario

Guelph/Eramosa is one of the Ontario communities covered here, with a 2021 Census population of 13,904, and borrowing there is licensed under Ontario's consumer credit rules.

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.

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).

Municipalities of this size are grouped together here, with the province setting the licensing position for all of them.

How borrowing works locally

Payment history is reported to credit agencies, and that record is what builds or damages a credit file over time.

A longer amortisation lowers each payment and raises the total interest paid over the life of the loan. A lender may ask for proof of address, and a permanent address is a standard requirement for consumer credit.

The census figures for Guelph/Eramosa

13,904 people were counted in Guelph/Eramosa in the 2021 Census. 292.8 square kilometres of land are attributed to Guelph/Eramosa.

The arithmetic gives 47.5 people per square kilometre.

The 2021 Census population places it at rank 114 in the province.

Within Ontario, Guelph/Eramosa is place number 114 by population in this census set, at 13,904 residents.

Products compared here

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

• Mortgage refinancing: Replacing an existing mortgage to change the rate, the term or the amount borrowed, and what it costs.
• Cash advance loans: Immediate short-term cash, including the difference between a cash advance on credit and a payday-style advance.

The land area recorded for Guelph/Eramosa is 292.8 square kilometres, and the population is 13,904 residents in the 2021 Census.

Guelph/Eramosa sits at rank 114 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

Guelph/Eramosa ranks 114 by 2021 Census population among the covered places in Ontario.

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

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

Readers comparing Guelph/Eramosa with another community can use the same four census fields.

The density figure for Guelph/Eramosa, 47.5 people per square kilometre, is calculated from the population and land area above.

Guelph/Eramosa is one of 527 covered Ontario places, counted at 13,904 residents with a land area of 292.8 square kilometres.

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

Guelph/Eramosa appears in the census record with 13,904 residents, and the density of 47.5 people per square kilometre follows from it.

At 13,904 residents in the 2021 Census, Guelph/Eramosa is listed alongside the other covered places in Ontario.

Nothing on the Guelph/Eramosa 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.

Population and land area figures come from Statistics Canada's 2021 Census of Population; regulatory statements are attributed to 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.