Borrowing in Niagara Falls, Ontario

With 94,415 residents counted in the 2021 Census, Niagara Falls sits inside Ontario's provincial lending framework.

The census figures for Niagara Falls

In the 2021 Census, Niagara Falls had 94,415 residents. Statistics Canada lists 210.2 square kilometres of land for the community.

That gives a density of 449.1 people per square kilometre, rounded to one decimal place.

Its provincial population rank is 30 within this data set.

Compared with the other 527 covered Ontario places, Niagara Falls ranks 30 by population.

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.

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.

This community falls in the middle band, where the census fields and the provincial rules are the same as everywhere else in the province.

How borrowing works locally

A broker arranges credit but does not lend, and the lender remains the party that makes the decision.

A lender's assessment looks at income, existing obligations, the credit file, and the asset pledged where there is one. Disclosure requirements mean the cost of borrowing must be stated before an agreement is signed.

Products compared here

The product pages behind this city cover the following borrowing categories, among the 20 products compared nationally.

• 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.

The land area recorded for Niagara Falls is 210.2 square kilometres, and the population is 94,415 residents in the 2021 Census.

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

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

At 94,415 residents in the 2021 Census, Niagara Falls is listed alongside the other covered places in Ontario.

Niagara Falls ranks 30 by 2021 Census population among the covered places in Ontario.

The density figure for Niagara Falls, 449.1 people per square kilometre, is calculated from the population and land area above.

Niagara Falls sits at rank 30 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

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

Niagara Falls is one of 527 covered Ontario places, counted at 94,415 residents with a land area of 210.2 square kilometres.

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

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

Niagara Falls appears in the census record with 94,415 residents, and the density of 449.1 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.

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.