Borrowing in Port Colborne, Ontario

Port Colborne is one of the Ontario communities covered here, with a 2021 Census population of 20,033, and borrowing there is licensed under Ontario's consumer credit rules.

The census figures for Port Colborne

Population for Port Colborne stands at 20,033 in the 2021 Census. The census records a land area of 122.0 square kilometres for Port Colborne.

On those two figures, density is 164.2 residents per square kilometre when rounded to one decimal place.

Among covered Ontario places, Port Colborne sits at rank 89 by population.

Within Ontario, Port Colborne is place number 89 by population in this census set, at 20,033 residents.

Products compared here

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

• Home renovation loans: Paying for work on a property, from a small unsecured instalment loan to a secured renovation product.
• Emergency loans: Money for an urgent expense, and the order in which a sensible borrower works through the options.

The Ontario rules that apply

Consumer lending in Ontario is licensed provincially or territorially, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators where the current position appears.

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.

The lower-middle band covers towns of moderate size, none of which sets its own lending rules.

How borrowing works locally

A broker arranges credit but does not lend, and the lender remains the party that makes the decision.

Disclosure requirements mean the cost of borrowing must be stated before an agreement is signed. Payment history is reported to credit agencies, and that record is what builds or damages a credit file over time.

Port Colborne sits at rank 89 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

Port Colborne is one of 527 covered Ontario places, counted at 20,033 residents with a land area of 122.0 square kilometres.

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

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

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

The land area recorded for Port Colborne is 122.0 square kilometres, and the population is 20,033 residents in the 2021 Census.

Port Colborne ranks 89 by 2021 Census population among the covered places in Ontario.

The density figure for Port Colborne, 164.2 people per square kilometre, is calculated from the population and land area above.

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

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

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.

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