Borrowing in Kasabonika Lake, Ontario

With 1,060 residents counted in the 2021 Census, Kasabonika Lake sits inside Ontario's provincial lending framework.

The census figures for Kasabonika Lake

Statistics Canada's 2021 Census gives Kasabonika Lake a population of 1,060. Land area for Kasabonika Lake is 101.7 square kilometres in the same census.

That gives a density of 10.4 people per square kilometre, rounded to one decimal place.

The community is the 350th largest place in the province within this census set.

Within Ontario, Kasabonika Lake is place number 350 by population in this census set, at 1,060 residents.

The Ontario rules that apply

Provincial or territorial law decides who may lend in Ontario, and the Financial Consumer Agency of Canada publishes the list that names the regulator responsible.

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).

The lowest band groups villages, rural municipalities and small towns, all read against the same provincial rulebook.

How borrowing works locally

A consumer proposal or a bankruptcy is administered by a licensed insolvency trustee rather than by a lender.

A lender's assessment looks at income, existing obligations, the credit file, and the asset pledged where there is one. A payday advance is repaid on a pay date, while an instalment loan is repaid over a set number of payments.

Products compared here

Among the 20 products compared here, these two are commonly used for the purposes described.

• Bad credit loans: Borrowing when the credit file is damaged, and what changes about price and security as a result.
• Home equity loans: Converting property equity into credit, and the difference between a lump sum and a revolving limit.

Kasabonika Lake ranks 350 by 2021 Census population among the covered places in Ontario.

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

Kasabonika Lake appears in the census record with 1,060 residents, and the density of 10.4 people per square kilometre follows from it.

The density figure for Kasabonika Lake, 10.4 people per square kilometre, is calculated from the population and land area above.

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

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

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

Kasabonika Lake is one of 527 covered Ontario places, counted at 1,060 residents with a land area of 101.7 square kilometres.

The land area recorded for Kasabonika Lake is 101.7 square kilometres, and the population is 1,060 residents in the 2021 Census.

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

At 1,060 residents in the 2021 Census, Kasabonika Lake is listed alongside the other covered places in Ontario.

Kasabonika Lake sits at rank 350 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.

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 same structure is used for every place covered, so two communities can be compared field by field: population, land area, density, rank, and the provincial rules.