Borrowing in Marathon, Ontario

With 3,138 residents counted in the 2021 Census, Marathon sits inside Ontario's provincial lending framework.

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).

Places in the smallest population band are grouped here as small communities, and the pages carry the same census fields and the same provincial rules as the largest city.

How borrowing works locally

Interest on a line of credit accrues only on the drawn portion, not on the unused limit.

Disclosure requirements mean the cost of borrowing must be stated before an agreement is signed. An application usually asks for identification, income evidence, banking details and a statement of obligations.

The census figures for Marathon

Population for Marathon stands at 3,138 in the 2021 Census. The census records a land area of 167.0 square kilometres for Marathon.

The calculated density is 18.8 people per square kilometre.

Its provincial population rank is 271 within this data set.

Marathon is one of 527 places listed for Ontario, ranked 271 by population and measured at 167.0 square kilometres.

Products compared here

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

• Collateral loans: Borrowing against an asset a lender will hold, from vehicles to savings, and what happens on default.
• Car loans: Financing a vehicle, including the effect of trade-in equity, negative equity and dealer-arranged credit.

The density figure for Marathon, 18.8 people per square kilometre, is calculated from the population and land area above.

Marathon sits at rank 271 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

Marathon ranks 271 by 2021 Census population among the covered places in Ontario.

Marathon is one of 527 covered Ontario places, counted at 3,138 residents with a land area of 167.0 square kilometres.

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

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

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

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

The land area recorded for Marathon is 167.0 square kilometres, and the population is 3,138 residents in the 2021 Census.

Marathon appears in the census record with 3,138 residents, and the density of 18.8 people per square kilometre follows from it.

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

At 3,138 residents in the 2021 Census, Marathon 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.

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).

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