Borrowing in Shelburne, Ontario

Shelburne is one of the Ontario places covered here, with 8,994 residents recorded in the 2021 Census and the same provincial rulebook as the rest of the province.

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.

This community sits in the lower-middle population band, which changes the census figures rather than the rules.

How borrowing works locally

A lender's assessment looks at income, existing obligations, the credit file, and the asset pledged where there is one.

A prepayment privilege allows a borrower to pay more than the scheduled amount, sometimes with a charge attached. An application usually asks for identification, income evidence, banking details and a statement of obligations.

The census figures for Shelburne

In the 2021 Census, Shelburne had 8,994 residents. Its land area is 6.6 square kilometres.

Dividing population by land area gives 1371.0 residents per square kilometre, rounded to one decimal place.

The 2021 Census population places it at rank 168 in the province.

Within Ontario, Shelburne is place number 168 by population in this census set, at 8,994 residents.

Products compared here

Among the 20 products compared here, these two are commonly used for the purposes described.

• 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.

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

Shelburne sits at rank 168 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

At 8,994 residents in the 2021 Census, Shelburne is listed alongside the other covered places in Ontario.

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

Shelburne ranks 168 by 2021 Census population among the covered places in Ontario.

The density figure for Shelburne, 1371.0 people per square kilometre, is calculated from the population and land area above.

Shelburne appears in the census record with 8,994 residents, and the density of 1371.0 people per square kilometre follows from it.

The land area recorded for Shelburne is 6.6 square kilometres, and the population is 8,994 residents in the 2021 Census.

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

Shelburne is one of 527 covered Ontario places, counted at 8,994 residents with a land area of 6.6 square kilometres.

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

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

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

Population and land area figures come from Statistics Canada's 2021 Census of Population; regulatory statements are attributed to the federal Payday Lending Regulations (SOR/2024-114).

Compare the disclosure on any agreement against the provincial ceiling, and treat the census figures as the only local statistics on the page.