Borrowing in Prescott, Ontario

Prescott is one of the Ontario communities covered here, with a 2021 Census population of 4,078, and borrowing there is licensed under Ontario's consumer credit rules.

The census figures for Prescott

4,078 people were counted in Prescott in the 2021 Census. The community covers 4.9 square kilometres of land.

Population divided by land area produces a density of 825.5 people per square kilometre.

Among covered Ontario places, Prescott sits at rank 248 by population.

Prescott is one of 527 places listed for Ontario, ranked 248 by population and measured at 4.9 square kilometres.

The Ontario rules that apply

The body that licenses consumer lending in Ontario is the regulator named on the federal Payday Lending Regulations (SOR/2024-114)'s 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.

Communities of this size are listed here with population, land area and density, and the lending rules remain provincial.

How borrowing works locally

A lender is free to set its own price below the legal ceiling, and it does so according to the risk it reads in the file.

A longer amortisation lowers each payment and raises the total interest paid over the life of the loan. A broker arranges credit but does not lend, and the lender remains the party that makes the decision.

Products compared here

Two of the 20 covered products appear below, each with the purpose the product is designed for.

• Personal loans: A fixed sum repaid on a schedule, usually unsecured, for almost any purpose a lender will accept.
• Mortgage loans: Borrowing against residential property, including how a federally regulated lender tests the file.

The land area recorded for Prescott is 4.9 square kilometres, and the population is 4,078 residents in the 2021 Census.

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

Prescott appears in the census record with 4,078 residents, and the density of 825.5 people per square kilometre follows from it.

Prescott sits at rank 248 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

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

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

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

The density figure for Prescott, 825.5 people per square kilometre, is calculated from the population and land area above.

Prescott is one of 527 covered Ontario places, counted at 4,078 residents with a land area of 4.9 square kilometres.

Prescott ranks 248 by 2021 Census population among the covered places in Ontario.

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

At 4,078 residents in the 2021 Census, Prescott 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.

Census figures are from Statistics Canada's 2021 Census of Population, and the payday position is taken from the federal Payday Lending Regulations (SOR/2024-114).

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