Borrowing in Howick, Ontario

A loan taken out in Howick is governed by Ontario's licensing rules, and the 2021 Census counted 4,045 people in the community.

How borrowing works locally

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

A lender is free to set its own price below the legal ceiling, and it does so according to the risk it reads in the file. Debt management plans are administered by accredited credit counsellors, and they are not loans.

Products compared here

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

• Cash advance loans: Immediate short-term cash, including the difference between a cash advance on credit and a payday-style advance.
• Lines of credit: A revolving limit you draw on and repay, usually paying interest only on what is outstanding.

The census figures for Howick

The 2021 Census counted 4,045 residents in Howick. Statistics Canada lists 286.6 square kilometres of land for the community.

Population divided by land area produces a density of 14.1 people per square kilometre.

The 2021 Census population places it at rank 250 in the province.

Compared with the other 527 covered Ontario places, Howick ranks 250 by population.

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.

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.

This is a small community by population, inside the lowest band used on this site, and the provincial framework applies without variation.

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

Howick appears in the census record with 4,045 residents, and the density of 14.1 people per square kilometre follows from it.

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

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

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

At 4,045 residents in the 2021 Census, Howick is listed alongside the other covered places in Ontario.

The density figure for Howick, 14.1 people per square kilometre, is calculated from the population and land area above.

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

The land area recorded for Howick is 286.6 square kilometres, and the population is 4,045 residents in the 2021 Census.

Howick ranks 250 by 2021 Census population among the covered places in Ontario.

Howick is one of 527 covered Ontario places, counted at 4,045 residents with a land area of 286.6 square kilometres.

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

Statistics Canada's 2021 Census of Population supplies the population and land-area figures, and the federal Payday Lending Regulations (SOR/2024-114) supply the payday position.

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