Borrowing in Hamilton, Ontario

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

The census figures for Hamilton

Statistics Canada's 2021 Census gives Hamilton a population of 11,059. The community covers 256.0 square kilometres of land.

The calculated density is 43.2 people per square kilometre.

By population it ranks 139 among the Ontario places covered here.

Hamilton therefore appears at rank 139 of 527 covered Ontario places, with a density of 43.2 people per square kilometre.

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.

The federal Payday Lending Regulations (SOR/2024-114) count Ontario among the provinces with payday lending rules, where the published maximum cost of borrowing is $14 per $100 advanced under SOR/2024-114.

Places in the lower-middle band group smaller towns and municipalities under the same provincial framework.

How borrowing works locally

Interest on a line of credit accrues only on the drawn portion, not on the unused limit.

An application usually asks for identification, income evidence, banking details and a statement of obligations. A provincial regulator publishes licensing requirements, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators.

Products compared here

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

• Secured loans: Borrowing against an asset, which lowers the price but puts the asset at risk if you default.
• Business lines of credit: A revolving operating limit for a business, and why it behaves differently from a term loan.

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

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

Hamilton is one of 527 covered Ontario places, counted at 11,059 residents with a land area of 256.0 square kilometres.

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

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

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

Hamilton appears in the census record with 11,059 residents, and the density of 43.2 people per square kilometre follows from it.

At 11,059 residents in the 2021 Census, Hamilton is listed alongside the other covered places in Ontario.

Hamilton ranks 139 by 2021 Census population among the covered places in Ontario.

The land area recorded for Hamilton is 256.0 square kilometres, and the population is 11,059 residents in the 2021 Census.

The density figure for Hamilton, 43.2 people per square kilometre, is calculated from the population and land area above.

Hamilton sits at rank 139 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

loanmoose.ca is not a lender and does not make credit decisions. The lowest rates are only available to the most qualified applicants.

The 2021 Census of Population published by Statistics Canada is the source for population and land area; the federal Payday Lending Regulations (SOR/2024-114) are the source for payday rules.

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