Borrowing in Penetanguishene, Ontario

Penetanguishene is one of the Ontario communities covered here, with a 2021 Census population of 10,077, and borrowing there is licensed under Ontario's consumer credit rules.

The census figures for Penetanguishene

Statistics Canada's 2021 Census gives Penetanguishene a population of 10,077. The community covers 25.4 square kilometres of land.

The calculated density is 396.4 people per square kilometre.

The 2021 Census population places it at rank 149 in the province.

The place record for Penetanguishene covers 25.4 square kilometres and 10,077 residents, a density of 396.4 people per square kilometre.

Products compared here

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

• Home equity loans: Converting property equity into credit, and the difference between a lump sum and a revolving limit.
• Payday loans: Small, short-term advances against a pay date, the most tightly regulated product in Canadian consumer credit.

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.

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.

Places in the lower-middle band group smaller towns and municipalities under the same provincial framework.

How borrowing works locally

A consumer proposal or a bankruptcy is administered by a licensed insolvency trustee rather than by a lender.

Disclosure requirements mean the cost of borrowing must be stated before an agreement is signed. A payday advance is repaid on a pay date, while an instalment loan is repaid over a set number of payments.

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

The density figure for Penetanguishene, 396.4 people per square kilometre, is calculated from the population and land area above.

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

Penetanguishene appears in the census record with 10,077 residents, and the density of 396.4 people per square kilometre follows from it.

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

Penetanguishene ranks 149 by 2021 Census population among the covered places in Ontario.

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

Penetanguishene is one of 527 covered Ontario places, counted at 10,077 residents with a land area of 25.4 square kilometres.

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

Penetanguishene sits at rank 149 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

The land area recorded for Penetanguishene is 25.4 square kilometres, and the population is 10,077 residents in the 2021 Census.

At 10,077 residents in the 2021 Census, Penetanguishene is listed alongside the other covered places in Ontario.

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

Population and land area figures come from Statistics Canada's 2021 Census of Population; regulatory statements are attributed to the federal Payday Lending Regulations (SOR/2024-114).

Lending rules change, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators where the current position is confirmed.