Compare loans

Borrowing in Rocky Bay 1, Ontario

A guide to borrowing in Rocky Bay 1, Ontario, with the 2021 Census population of 154 and the provincial rules that apply locally.

Province Ontario (ON)
Population, 2021 Census 154
Land area 0.3 km²
Provincial regulator See the FCAC list

This page covers borrowing in Rocky Bay 1, Ontario: the census facts, the provincial rules, and the products people compare.

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.

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).

Small places are covered the same way as large ones: census figures for the place, and the provincial position on lending.

The census figures for Rocky Bay 1

Population for Rocky Bay 1 stands at 154 in the 2021 Census. Statistics Canada lists 0.3 square kilometres of land for the community.

The calculated density is 592.3 people per square kilometre.

The community is the 507th largest place in the province within this census set.

Rocky Bay 1 is one of 527 places listed for Ontario, ranked 507 by population and measured at 0.3 square kilometres.

Products compared here

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

  • Secured loans: Borrowing against an asset, which lowers the price but puts the asset at risk if you default.
  • Business lines of credit: A revolving operating limit for a business, and why it behaves differently from a term loan.

How borrowing works locally

Disclosure requirements mean the cost of borrowing must be stated before an agreement is signed.

A deposit or trade-in reduces the amount financed and therefore the interest charged over the term. An application usually asks for identification, income evidence, banking details and a statement of obligations.

Rocky Bay 1 ranks 507 by 2021 Census population among the covered places in Ontario.

At 154 residents in the 2021 Census, Rocky Bay 1 is listed alongside the other covered places in Ontario.

Rocky Bay 1 is one of 527 covered Ontario places, counted at 154 residents with a land area of 0.3 square kilometres.

Rocky Bay 1 appears in the census record with 154 residents, and the density of 592.3 people per square kilometre follows from it.

The land area recorded for Rocky Bay 1 is 0.3 square kilometres, and the population is 154 residents in the 2021 Census.

The density figure for Rocky Bay 1, 592.3 people per square kilometre, is calculated from the population and land area above.

Where a figure for Rocky Bay 1 could not be verified, the page names the publisher instead of printing a number.

The Rocky Bay 1 page follows the same structure as every other place page, with population, land area, density and rank.

Readers comparing Rocky Bay 1 with another community can use the same four census fields.

Rocky Bay 1 sits at rank 507 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

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

Population and land area: Statistics Canada, Census of Population 2021, table 98-10-0002.

Borrowing in Rocky Bay 1

Personal loans A fixed sum repaid on a schedule, usually unsecured, for almost any purpose a lender will accept. Bad credit loans Borrowing when the credit file is damaged, and what changes about price and security as a result. No credit check loans What lenders who advertise without a credit check actually look at instead, and where the cost goes. Lines of credit A revolving limit you draw on and repay, usually paying interest only on what is outstanding. Unsecured loans Borrowing with no asset pledged, priced for the risk the lender is taking on your file alone. Secured loans Borrowing against an asset, which lowers the price but puts the asset at risk if you default. Car loans Financing a vehicle, including the effect of trade-in equity, negative equity and dealer-arranged credit. Mortgage loans Borrowing against residential property, including how a federally regulated lender tests the file. Home equity loans Converting property equity into credit, and the difference between a lump sum and a revolving limit. Mortgage refinancing Replacing an existing mortgage to change the rate, the term or the amount borrowed, and what it costs. Home renovation loans Paying for work on a property, from a small unsecured instalment loan to a secured renovation product. Business loans Commercial borrowing, what lenders read in a business file, and how the assessment differs from personal credit. Business lines of credit A revolving operating limit for a business, and why it behaves differently from a term loan. Debt consolidation loans Replacing several expensive debts with one payment, and the arithmetic that decides whether it helps. Debt relief programs The formal and informal routes out of unmanageable debt in Canada, and who is licensed to run them. Payday loans Small, short-term advances against a pay date, the most tightly regulated product in Canadian consumer credit. Cash advance loans Immediate short-term cash, including the difference between a cash advance on credit and a payday-style advance. Emergency loans Money for an urgent expense, and the order in which a sensible borrower works through the options. Instalment loans A fixed number of fixed payments, sized larger and longer than a payday advance. Collateral loans Borrowing against an asset a lender will hold, from vehicles to savings, and what happens on default.

Nearby places

Toronto 2,794,356 Ottawa 1,017,449 Mississauga 717,961 Brampton 656,480 Hamilton 569,353 London 422,324

Frequently asked questions

Related

Compare loan offers

Compare options from Canadian lending partners. We are not a lender and we do not make credit decisions.

See partner options

Advertising disclosure: loanmoose.ca may receive a referral fee if you continue through a partner link. That fee does not change the rate you are offered and it does not change what we publish. We are not a lender. Read the full disclosure.