Borrowing in Russell, Ontario

Russell is one of the Ontario communities covered here, with a 2021 Census population of 19,598, 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.

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.

Municipalities of this size are grouped together here, with the province setting the licensing position for all of them.

How borrowing works locally

A revolving product charges interest on the outstanding balance, while an instalment product charges a fixed schedule of payments.

Provincial licensing decides who may lend, and federal rules add a ceiling where a licensed payday regime exists. Payment history is reported to credit agencies, and that record is what builds or damages a credit file over time.

The census figures for Russell

The 2021 Census counted 19,598 residents in Russell. The community covers 198.8 square kilometres of land.

Population divided by land area produces a density of 98.6 people per square kilometre.

Among covered Ontario places, Russell sits at rank 90 by population.

The place record for Russell covers 198.8 square kilometres and 19,598 residents, a density of 98.6 people per square kilometre.

Products compared here

These are two of the 20 products described on the site, and each has a national page as well as the provincial rules.

• Home equity loans: Converting property equity into credit, and the difference between a lump sum and a revolving limit.
• Payday loans: Small, short-term advances against a pay date, the most tightly regulated product in Canadian consumer credit.

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

The density figure for Russell, 98.6 people per square kilometre, is calculated from the population and land area above.

The land area recorded for Russell is 198.8 square kilometres, and the population is 19,598 residents in the 2021 Census.

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

Russell ranks 90 by 2021 Census population among the covered places in Ontario.

Russell is one of 527 covered Ontario places, counted at 19,598 residents with a land area of 198.8 square kilometres.

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

At 19,598 residents in the 2021 Census, Russell is listed alongside the other covered places in Ontario.

Russell sits at rank 90 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

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

Russell appears in the census record with 19,598 residents, and the density of 98.6 people per square kilometre follows from it.

Where a figure for Russell 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.

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).

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