Borrowing in North Bay, Ontario

North Bay is one of the Ontario communities covered here, with a 2021 Census population of 52,662, and borrowing there is licensed under Ontario's consumer credit rules.

The census figures for North Bay

Statistics Canada's 2021 Census gives North Bay a population of 52,662. Land area for North Bay is 315.5 square kilometres in the same census.

That gives a density of 166.9 people per square kilometre, rounded to one decimal place.

Among covered Ontario places, North Bay sits at rank 42 by population.

North Bay therefore appears at rank 42 of 527 covered Ontario places, with a density of 166.9 people per square kilometre.

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, cap the cost of borrowing at $14 per $100 advanced in Ontario, which the federal Payday Lending Regulations (SOR/2024-114) list as a province that regulates the product.

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 revolving product charges interest on the outstanding balance, while an instalment product charges a fixed schedule of payments.

A mortgage is registered against the property, which is what gives the lender its claim. A lender's assessment looks at income, existing obligations, the credit file, and the asset pledged where there is one.

Products compared here

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

• Mortgage loans: Borrowing against residential property, including how a federally regulated lender tests the file.
• Debt relief programs: The formal and informal routes out of unmanageable debt in Canada, and who is licensed to run them.

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

At 52,662 residents in the 2021 Census, North Bay is listed alongside the other covered places in Ontario.

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

The land area recorded for North Bay is 315.5 square kilometres, and the population is 52,662 residents in the 2021 Census.

North Bay ranks 42 by 2021 Census population among the covered places in Ontario.

North Bay appears in the census record with 52,662 residents, and the density of 166.9 people per square kilometre follows from it.

North Bay is one of 527 covered Ontario places, counted at 52,662 residents with a land area of 315.5 square kilometres.

North Bay sits at rank 42 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

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

The density figure for North Bay, 166.9 people per square kilometre, is calculated from the population and land area above.

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

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 provincial rules apply wherever a borrower is in Ontario; a municipal boundary does not change them.