Borrowing in Neskantaga, Ontario

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

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.

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.

At the small end of the census range, the community still borrows inside the province's licensing system.

How borrowing works locally

A secured product gives the lender a claim on a named asset, which is why its price is usually lower than an unsecured equivalent.

Interest on a line of credit accrues only on the drawn portion, not on the unused limit. A provincial regulator publishes licensing requirements, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators.

The census figures for Neskantaga

In the 2021 Census, Neskantaga had 244 residents. Statistics Canada lists 10.1 square kilometres of land for the community.

On those two figures, density is 24.3 residents per square kilometre when rounded to one decimal place.

The 2021 Census population places it at rank 480 in the province.

The place record for Neskantaga covers 10.1 square kilometres and 244 residents, a density of 24.3 people per square kilometre.

Products compared here

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

• Home renovation loans: Paying for work on a property, from a small unsecured instalment loan to a secured renovation product.
• Emergency loans: Money for an urgent expense, and the order in which a sensible borrower works through the options.

Neskantaga is one of 527 covered Ontario places, counted at 244 residents with a land area of 10.1 square kilometres.

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

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

The land area recorded for Neskantaga is 10.1 square kilometres, and the population is 244 residents in the 2021 Census.

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

Neskantaga sits at rank 480 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

The density figure for Neskantaga, 24.3 people per square kilometre, is calculated from the population and land area above.

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

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

Neskantaga appears in the census record with 244 residents, and the density of 24.3 people per square kilometre follows from it.

At 244 residents in the 2021 Census, Neskantaga 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).

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