Borrowing in Newbury, Ontario

Newbury, Ontario, recorded a population of 440 in the 2021 Census; the rules that govern a loan signed there are provincial.

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.

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.

How borrowing works locally

Disclosure requirements mean the cost of borrowing must be stated before an agreement is signed.

A prepayment privilege allows a borrower to pay more than the scheduled amount, sometimes with a charge attached. Debt management plans are administered by accredited credit counsellors, and they are not loans.

The census figures for Newbury

Population for Newbury stands at 440 in the 2021 Census. 1.8 square kilometres of land are attributed to Newbury.

The arithmetic gives 248.6 people per square kilometre.

Its provincial population rank is 439 within this data set.

Newbury is one of 527 places listed for Ontario, ranked 439 by population and measured at 1.8 square kilometres.

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.

• Business loans: Commercial borrowing, what lenders read in a business file, and how the assessment differs from personal credit.
• Instalment loans: A fixed number of fixed payments, sized larger and longer than a payday advance.

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

The land area recorded for Newbury is 1.8 square kilometres, and the population is 440 residents in the 2021 Census.

Newbury appears in the census record with 440 residents, and the density of 248.6 people per square kilometre follows from it.

Newbury sits at rank 439 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

The density figure for Newbury, 248.6 people per square kilometre, is calculated from the population and land area above.

Newbury ranks 439 by 2021 Census population among the covered places in Ontario.

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

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

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

Newbury is one of 527 covered Ontario places, counted at 440 residents with a land area of 1.8 square kilometres.

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

At 440 residents in the 2021 Census, Newbury 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.