Borrowing in North Dumfries, Ontario

North Dumfries, Ontario, recorded a population of 10,619 in the 2021 Census; the rules that govern a loan signed there are provincial.

The Ontario rules that apply

Licensing for consumer credit in Ontario sits with the province or territory, and the Financial Consumer Agency of Canada maintains the public list of 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 sits in the lower-middle population band, which changes the census figures rather than the rules.

How borrowing works locally

Payment history is reported to credit agencies, and that record is what builds or damages a credit file over time.

A longer amortisation lowers each payment and raises the total interest paid over the life of the loan. A shorter term raises each payment and lowers the total interest, which is the trade every schedule makes.

The census figures for North Dumfries

In the 2021 Census, North Dumfries had 10,619 residents. 188.1 square kilometres of land are attributed to North Dumfries.

That gives a density of 56.5 people per square kilometre, rounded to one decimal place.

By population it ranks 144 among the Ontario places covered here.

Compared with the other 527 covered Ontario places, North Dumfries ranks 144 by population.

Products compared here

Among the 20 products compared here, these two are commonly used for the purposes described.

• Car loans: Financing a vehicle, including the effect of trade-in equity, negative equity and dealer-arranged credit.
• Debt consolidation loans: Replacing several expensive debts with one payment, and the arithmetic that decides whether it helps.

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

The density figure for North Dumfries, 56.5 people per square kilometre, is calculated from the population and land area above.

North Dumfries appears in the census record with 10,619 residents, and the density of 56.5 people per square kilometre follows from it.

At 10,619 residents in the 2021 Census, North Dumfries is listed alongside the other covered places in Ontario.

North Dumfries is one of 527 covered Ontario places, counted at 10,619 residents with a land area of 188.1 square kilometres.

North Dumfries ranks 144 by 2021 Census population among the covered places in Ontario.

North Dumfries sits at rank 144 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

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

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

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

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

The land area recorded for North Dumfries is 188.1 square kilometres, and the population is 10,619 residents in the 2021 Census.

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.