Borrowing in Northeastern Manitoulin and the Islands, Ontario

Northeastern Manitoulin and the Islands is one of the Ontario places covered here, with 2,641 residents recorded in the 2021 Census and the same provincial rulebook as the rest of the province.

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.

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.

This is a small community by population, inside the lowest band used on this site, and the provincial framework applies without variation.

The census figures for Northeastern Manitoulin and the Islands

Population for Northeastern Manitoulin and the Islands stands at 2,641 in the 2021 Census. The community covers 489.2 square kilometres of land.

Population divided by land area produces a density of 5.4 people per square kilometre.

Northeastern Manitoulin and the Islands ranks 291 by population among the Ontario places on this site.

Northeastern Manitoulin and the Islands sits at rank 291 among the 527 Ontario places here, with 2,641 residents in the 2021 Census.

Products compared here

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

• Debt consolidation loans: Replacing several expensive debts with one payment, and the arithmetic that decides whether it helps.
• Personal loans: A fixed sum repaid on a schedule, usually unsecured, for almost any purpose a lender will accept.

How borrowing works locally

A prepayment privilege allows a borrower to pay more than the scheduled amount, sometimes with a charge attached.

A broker arranges credit but does not lend, and the lender remains the party that makes the decision. A provincial regulator publishes licensing requirements, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators.

Readers comparing Northeastern Manitoulin and the Islands with another community can use the same four census fields.

For Northeastern Manitoulin and the Islands, the two census fields above are the only local statistics used anywhere on the page.

Northeastern Manitoulin and the Islands appears in the census record with 2,641 residents, and the density of 5.4 people per square kilometre follows from it.

At 2,641 residents in the 2021 Census, Northeastern Manitoulin and the Islands is listed alongside the other covered places in Ontario.

Northeastern Manitoulin and the Islands is one of 527 covered Ontario places, counted at 2,641 residents with a land area of 489.2 square kilometres.

Northeastern Manitoulin and the Islands ranks 291 by 2021 Census population among the covered places in Ontario.

Where a figure for Northeastern Manitoulin and the Islands could not be verified, the page names the publisher instead of printing a number.

The density figure for Northeastern Manitoulin and the Islands, 5.4 people per square kilometre, is calculated from the population and land area above.

Northeastern Manitoulin and the Islands sits at rank 291 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

The land area recorded for Northeastern Manitoulin and the Islands is 489.2 square kilometres, and the population is 2,641 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.

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.

Nothing here is an offer, and no page on this site can tell anyone what a lender will decide.