Borrowing in Ignace, Ontario

With 1,206 residents counted in the 2021 Census, Ignace sits inside Ontario's provincial lending framework.

The Ontario rules that apply

Consumer lending in Ontario is licensed provincially or territorially, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators where the current position appears.

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.

The census figures for Ignace

In the 2021 Census, Ignace had 1,206 residents. Statistics Canada lists 72.1 square kilometres of land for the community.

That gives a density of 16.7 people per square kilometre, rounded to one decimal place.

Among covered Ontario places, Ignace sits at rank 339 by population.

Ignace therefore appears at rank 339 of 527 covered Ontario places, with a density of 16.7 people per square kilometre.

Products compared here

The site describes 20 products in total; the two below are representative of the range.

• Car loans: Financing a vehicle, including the effect of trade-in equity, negative equity and dealer-arranged credit.
• Debt consolidation loans: Replacing several expensive debts with one payment, and the arithmetic that decides whether it helps.

How borrowing works locally

A credit file is compiled by private agencies from information lenders and other creditors report.

A consumer proposal or a bankruptcy is administered by a licensed insolvency trustee rather than by a lender. Interest on a line of credit accrues only on the drawn portion, not on the unused limit.

The density figure for Ignace, 16.7 people per square kilometre, is calculated from the population and land area above.

The land area recorded for Ignace is 72.1 square kilometres, and the population is 1,206 residents in the 2021 Census.

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

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

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

Ignace ranks 339 by 2021 Census population among the covered places in Ontario.

At 1,206 residents in the 2021 Census, Ignace is listed alongside the other covered places in Ontario.

Ignace sits at rank 339 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

Ignace is one of 527 covered Ontario places, counted at 1,206 residents with a land area of 72.1 square kilometres.

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

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

Ignace appears in the census record with 1,206 residents, and the density of 16.7 people per square kilometre follows from it.

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.

The provincial rules apply wherever a borrower is in Ontario; a municipal boundary does not change them.