Borrowing in Kirkland Lake, Ontario

Kirkland Lake is one of the Ontario places covered here, with 7,750 residents recorded in the 2021 Census and the same provincial rulebook as the rest of the province.

The Ontario rules that apply

The body that licenses consumer lending in Ontario is the regulator named on the federal Payday Lending Regulations (SOR/2024-114)'s 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 community sits in the lower-middle population band, which changes the census figures rather than the rules.

The census figures for Kirkland Lake

The 2021 Census counted 7,750 residents in Kirkland Lake. Land area for Kirkland Lake is 261.3 square kilometres in the same census.

The arithmetic gives 29.7 people per square kilometre.

Among covered Ontario places, Kirkland Lake sits at rank 182 by population.

Kirkland Lake therefore appears at rank 182 of 527 covered Ontario places, with a density of 29.7 people per square kilometre.

Products compared here

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

• Instalment loans: A fixed number of fixed payments, sized larger and longer than a payday advance.
• Secured loans: Borrowing against an asset, which lowers the price but puts the asset at risk if you default.

How borrowing works locally

A mortgage is registered against the property, which is what gives the lender its claim.

A lender may ask for proof of address, and a permanent address is a standard requirement for consumer credit. Adding a co-signer puts a second file in front of the lender and adds a second person to the obligation.

Kirkland Lake sits at rank 182 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

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

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

Kirkland Lake is one of 527 covered Ontario places, counted at 7,750 residents with a land area of 261.3 square kilometres.

Kirkland Lake appears in the census record with 7,750 residents, and the density of 29.7 people per square kilometre follows from it.

The density figure for Kirkland Lake, 29.7 people per square kilometre, is calculated from the population and land area above.

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

Kirkland Lake ranks 182 by 2021 Census population among the covered places in Ontario.

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

The land area recorded for Kirkland Lake is 261.3 square kilometres, and the population is 7,750 residents in the 2021 Census.

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

At 7,750 residents in the 2021 Census, Kirkland Lake is listed alongside the other covered places in Ontario.

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.

Compare the disclosure on any agreement against the provincial ceiling, and treat the census figures as the only local statistics on the page.