Borrowing in Magnetewan 1, Ontario

Magnetewan 1, Ontario, recorded a population of 102 in the 2021 Census; the rules that govern a loan signed there are provincial.

The Ontario rules that apply

Consumer credit in Ontario is licensed by the provincial or territorial regulator, and the Financial Consumer Agency of Canada publishes the 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.

Small places are covered the same way as large ones: census figures for the place, and the provincial position on lending.

The census figures for Magnetewan 1

Population for Magnetewan 1 stands at 102 in the 2021 Census. The community covers 44.4 square kilometres of land.

The arithmetic gives 2.3 people per square kilometre.

Among covered Ontario places, Magnetewan 1 sits at rank 526 by population.

Magnetewan 1 sits at rank 526 among the 527 Ontario places here, with 102 residents in the 2021 Census.

Products compared here

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

• No credit check loans: What lenders who advertise without a credit check actually look at instead, and where the cost goes.
• Mortgage refinancing: Replacing an existing mortgage to change the rate, the term or the amount borrowed, and what it costs.

How borrowing works locally

A shorter term raises each payment and lowers the total interest, which is the trade every schedule makes.

Variable-rate products move with a reference rate, while fixed-rate products set the price for a defined term. A lender's assessment looks at income, existing obligations, the credit file, and the asset pledged where there is one.

For Magnetewan 1, the two census fields above are the only local statistics used anywhere on the page.

Magnetewan 1 is one of 527 covered Ontario places, counted at 102 residents with a land area of 44.4 square kilometres.

The Magnetewan 1 page follows the same structure as every other place page, with population, land area, density and rank.

Nothing on the Magnetewan 1 page is estimated; the population and land area come from Statistics Canada's 2021 Census of Population.

Where a figure for Magnetewan 1 could not be verified, the page names the publisher instead of printing a number.

Magnetewan 1 appears in the census record with 102 residents, and the density of 2.3 people per square kilometre follows from it.

Magnetewan 1 ranks 526 by 2021 Census population among the covered places in Ontario.

The land area recorded for Magnetewan 1 is 44.4 square kilometres, and the population is 102 residents in the 2021 Census.

Magnetewan 1 sits at rank 526 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

At 102 residents in the 2021 Census, Magnetewan 1 is listed alongside the other covered places in Ontario.

The density figure for Magnetewan 1, 2.3 people per square kilometre, is calculated from the population and land area above.

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

Census figures are from Statistics Canada's 2021 Census of Population, and the payday position is taken from 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.