Borrowing in McGarry, Ontario

A loan taken out in McGarry is governed by Ontario's licensing rules, and the 2021 Census counted 579 people in the community.

The Ontario rules that apply

The regulator for consumer credit in Ontario is the body listed by the federal Payday Lending Regulations (SOR/2024-114) provincial and territorial regulators.

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).

This is a small community by population, inside the lowest band used on this site, and the provincial framework applies without variation.

How borrowing works locally

Debt management plans are administered by accredited credit counsellors, and they are not loans.

An application usually asks for identification, income evidence, banking details and a statement of obligations. A mortgage is registered against the property, which is what gives the lender its claim.

The census figures for McGarry

Statistics Canada's 2021 Census gives McGarry a population of 579. Land area for McGarry is 85.6 square kilometres in the same census.

The arithmetic gives 6.8 people per square kilometre.

The 2021 Census population places it at rank 415 in the province.

Within Ontario, McGarry is place number 415 by population in this census set, at 579 residents.

Products compared here

These are two of the 20 products described on the site, and each has a national page as well as the provincial rules.

• Car loans: Financing a vehicle, including the effect of trade-in equity, negative equity and dealer-arranged credit.
• Debt consolidation loans: Replacing several expensive debts with one payment, and the arithmetic that decides whether it helps.

McGarry appears in the census record with 579 residents, and the density of 6.8 people per square kilometre follows from it.

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

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

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

McGarry is one of 527 covered Ontario places, counted at 579 residents with a land area of 85.6 square kilometres.

The land area recorded for McGarry is 85.6 square kilometres, and the population is 579 residents in the 2021 Census.

The density figure for McGarry, 6.8 people per square kilometre, is calculated from the population and land area above.

At 579 residents in the 2021 Census, McGarry is listed alongside the other covered places in Ontario.

McGarry ranks 415 by 2021 Census population among the covered places in Ontario.

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

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

McGarry sits at rank 415 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.

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).

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.