Borrowing in McKellar, Ontario

This page covers borrowing in McKellar, Ontario: the census facts, the provincial rules, and the products people compare.

The census figures for McKellar

Statistics Canada's 2021 Census gives McKellar a population of 1,419. The census records a land area of 176.1 square kilometres for McKellar.

Dividing population by land area gives 8.1 residents per square kilometre, rounded to one decimal place.

Its provincial population rank is 332 within this data set.

Compared with the other 527 covered Ontario places, McKellar ranks 332 by population.

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.

The federal Payday Lending Regulations (SOR/2024-114) list Ontario among the provinces that regulate payday lending, where the federal Payday Lending Regulations (SOR/2024-114) cap the cost of borrowing at $14 per $100 advanced.

Communities of this size are listed here with population, land area and density, and the lending rules remain provincial.

How borrowing works locally

Joint applications combine two incomes and two sets of obligations in the same assessment.

A provincial regulator publishes licensing requirements, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators. Payment history is reported to credit agencies, and that record is what builds or damages a credit file over time.

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.

• Unsecured loans: Borrowing with no asset pledged, priced for the risk the lender is taking on your file alone.
• Business loans: Commercial borrowing, what lenders read in a business file, and how the assessment differs from personal credit.

McKellar is one of 527 covered Ontario places, counted at 1,419 residents with a land area of 176.1 square kilometres.

The density figure for McKellar, 8.1 people per square kilometre, is calculated from the population and land area above.

McKellar ranks 332 by 2021 Census population among the covered places in Ontario.

At 1,419 residents in the 2021 Census, McKellar is listed alongside the other covered places in Ontario.

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

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

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

McKellar sits at rank 332 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

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

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

McKellar appears in the census record with 1,419 residents, and the density of 8.1 people per square kilometre follows from it.

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

Statistics Canada's 2021 Census of Population supplies the population and land-area figures, and the federal Payday Lending Regulations (SOR/2024-114) supply the payday position.

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