Borrowing in Red Rock, Ontario

Red Rock is one of the Ontario communities covered here, with a 2021 Census population of 895, and borrowing there is licensed under Ontario's consumer credit rules.

The Ontario rules that apply

Licensing for consumer credit in Ontario sits with the province or territory, and the Financial Consumer Agency of Canada maintains the public list of provincial and territorial regulators.

A payday advance in Ontario falls under a provincial licensing regime, and the cost of borrowing is capped at $14 per $100 advanced according to the federal Payday Lending Regulations (SOR/2024-114).

Places in the smallest population band are grouped here as small communities, and the pages carry the same census fields and the same provincial rules as the largest city.

The census figures for Red Rock

Red Rock recorded a population of 895 in Statistics Canada's 2021 Census of Population. Land area for Red Rock is 62.1 square kilometres in the same census.

The calculated density is 14.4 people per square kilometre.

Among covered Ontario places, Red Rock sits at rank 375 by population.

Compared with the other 527 covered Ontario places, Red Rock ranks 375 by population.

Products compared here

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

• Unsecured loans: Borrowing with no asset pledged, priced for the risk the lender is taking on your file alone.
• Business loans: Commercial borrowing, what lenders read in a business file, and how the assessment differs from personal credit.

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 broker arranges credit but does not lend, and the lender remains the party that makes the decision. A mortgage is registered against the property, which is what gives the lender its claim.

At 895 residents in the 2021 Census, Red Rock is listed alongside the other covered places in Ontario.

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

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

The land area recorded for Red Rock is 62.1 square kilometres, and the population is 895 residents in the 2021 Census.

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

Red Rock is one of 527 covered Ontario places, counted at 895 residents with a land area of 62.1 square kilometres.

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

Red Rock appears in the census record with 895 residents, and the density of 14.4 people per square kilometre follows from it.

Red Rock sits at rank 375 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

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

The density figure for Red Rock, 14.4 people per square kilometre, is calculated from the population and land area above.

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

Statistics Canada's 2021 Census of Population supplies the population and land-area figures, and the federal Payday Lending Regulations (SOR/2024-114) supply the payday position.

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