Borrowing in North Algona Wilberforce, Ontario

A loan taken out in North Algona Wilberforce is governed by Ontario's licensing rules, and the 2021 Census counted 3,111 people in the community.

How borrowing works locally

Interest on a line of credit accrues only on the drawn portion, not on the unused limit.

A longer amortisation lowers each payment and raises the total interest paid over the life of the loan. Debt management plans are administered by accredited credit counsellors, and they are not loans.

Products compared here

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

• Collateral loans: Borrowing against an asset a lender will hold, from vehicles to savings, and what happens on default.
• Car loans: Financing a vehicle, including the effect of trade-in equity, negative equity and dealer-arranged credit.

The census figures for North Algona Wilberforce

Statistics Canada's 2021 Census gives North Algona Wilberforce a population of 3,111. Its land area is 369.2 square kilometres.

The calculated density is 8.4 people per square kilometre.

The 2021 Census population places it at rank 274 in the province.

North Algona Wilberforce therefore appears at rank 274 of 527 covered Ontario places, with a density of 8.4 people per square kilometre.

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.

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.

At 3,111 residents in the 2021 Census, North Algona Wilberforce is listed alongside the other covered places in Ontario.

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

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

North Algona Wilberforce sits at rank 274 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

The density figure for North Algona Wilberforce, 8.4 people per square kilometre, is calculated from the population and land area above.

Readers comparing North Algona Wilberforce with another community can use the same four census fields.

North Algona Wilberforce ranks 274 by 2021 Census population among the covered places in Ontario.

North Algona Wilberforce appears in the census record with 3,111 residents, and the density of 8.4 people per square kilometre follows from it.

North Algona Wilberforce is one of 527 covered Ontario places, counted at 3,111 residents with a land area of 369.2 square kilometres.

The land area recorded for North Algona Wilberforce is 369.2 square kilometres, and the population is 3,111 residents in the 2021 Census.

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

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

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

The 2021 Census of Population published by Statistics Canada is the source for population and land area; the federal Payday Lending Regulations (SOR/2024-114) are the source for payday rules.

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