Borrowing in Smiths Falls, Ontario

This page covers borrowing in Smiths Falls, Ontario: the census facts, the provincial rules, and the products people compare.

The census figures for Smiths Falls

9,254 people were counted in Smiths Falls in the 2021 Census. The census records a land area of 9.7 square kilometres for Smiths Falls.

Population divided by land area produces a density of 958.0 people per square kilometre.

The community is the 163rd largest place in the province within this census set.

Smiths Falls sits at rank 163 among the 527 Ontario places here, with 9,254 residents in the 2021 Census.

The Ontario rules that apply

Consumer credit in Ontario is licensed by the provincial or territorial regulator, and the Financial Consumer Agency of Canada publishes the 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 secured product gives the lender a claim on a named asset, which is why its price is usually lower than an unsecured equivalent.

Debt management plans are administered by accredited credit counsellors, and they are not loans. A deposit or trade-in reduces the amount financed and therefore the interest charged over the term.

Products compared here

Two of the 20 covered products appear below, each with the purpose the product is designed for.

• 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.

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

The land area recorded for Smiths Falls is 9.7 square kilometres, and the population is 9,254 residents in the 2021 Census.

Smiths Falls ranks 163 by 2021 Census population among the covered places in Ontario.

Smiths Falls appears in the census record with 9,254 residents, and the density of 958.0 people per square kilometre follows from it.

The density figure for Smiths Falls, 958.0 people per square kilometre, is calculated from the population and land area above.

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

Smiths Falls is one of 527 covered Ontario places, counted at 9,254 residents with a land area of 9.7 square kilometres.

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

At 9,254 residents in the 2021 Census, Smiths Falls is listed alongside the other covered places in Ontario.

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

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

Smiths Falls sits at rank 163 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.

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).

Lending rules change, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators where the current position is confirmed.