Borrowing in London, Ontario

London, Ontario, recorded a population of 422,324 in the 2021 Census; the rules that govern a loan signed there are provincial.

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.

Payday lending is licensed in Ontario; the federal Payday Lending Regulations (SOR/2024-114) publish a cap of $14 per $100 advanced, and notes that a province may set a lower figure.

Places in the upper-middle band are grouped here, with the province setting the cost and licensing rules.

The census figures for London

In the 2021 Census, London had 422,324 residents. 420.5 square kilometres of land are attributed to London.

The arithmetic gives 1004.3 people per square kilometre.

The community is the 6th largest place in the province within this census set.

London therefore appears at rank 6 of 527 covered Ontario places, with a density of 1004.3 people per square kilometre.

Products compared here

Each product below has its own page, and the Ontario position applies to all of them.

• Debt consolidation loans: Replacing several expensive debts with one payment, and the arithmetic that decides whether it helps.
• Personal loans: A fixed sum repaid on a schedule, usually unsecured, for almost any purpose a lender will accept.

How borrowing works locally

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

A provincial regulator publishes licensing requirements, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators. A credit file is compiled by private agencies from information lenders and other creditors report.

At 422,324 residents in the 2021 Census, London is listed alongside the other covered places in Ontario.

The density figure for London, 1004.3 people per square kilometre, is calculated from the population and land area above.

London appears in the census record with 422,324 residents, and the density of 1004.3 people per square kilometre follows from it.

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

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

London is one of 527 covered Ontario places, counted at 422,324 residents with a land area of 420.5 square kilometres.

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

London sits at rank 6 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

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

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

The land area recorded for London is 420.5 square kilometres, and the population is 422,324 residents in the 2021 Census.

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

Population and land area figures come from Statistics Canada's 2021 Census of Population; regulatory statements are attributed to the federal Payday Lending Regulations (SOR/2024-114).

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