Borrowing in Ramara, Ontario

A loan taken out in Ramara is governed by Ontario's licensing rules, and the 2021 Census counted 10,377 people in the community.

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.

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.

In the lower-middle band, pages carry the census figures for the place and the same provincial lending position as larger centres.

The census figures for Ramara

In the 2021 Census, Ramara had 10,377 residents. Land area for Ramara is 414.9 square kilometres in the same census.

That gives a density of 25.0 people per square kilometre, rounded to one decimal place.

Its provincial population rank is 146 within this data set.

Ramara is one of 527 places listed for Ontario, ranked 146 by population and measured at 414.9 square kilometres.

Products compared here

The product pages behind this city cover the following borrowing categories, among the 20 products compared nationally.

• Business lines of credit: A revolving operating limit for a business, and why it behaves differently from a term loan.
• Collateral loans: Borrowing against an asset a lender will hold, from vehicles to savings, and what happens on default.

How borrowing works locally

A shorter term raises each payment and lowers the total interest, which is the trade every schedule makes.

A mortgage is registered against the property, which is what gives the lender its claim. Variable-rate products move with a reference rate, while fixed-rate products set the price for a defined term.

Ramara sits at rank 146 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

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

At 10,377 residents in the 2021 Census, Ramara is listed alongside the other covered places in Ontario.

The land area recorded for Ramara is 414.9 square kilometres, and the population is 10,377 residents in the 2021 Census.

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

Ramara is one of 527 covered Ontario places, counted at 10,377 residents with a land area of 414.9 square kilometres.

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

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

The density figure for Ramara, 25.0 people per square kilometre, is calculated from the population and land area above.

Ramara appears in the census record with 10,377 residents, and the density of 25.0 people per square kilometre follows from it.

Ramara ranks 146 by 2021 Census population among the 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.

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.

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.