Borrowing in Summer Beaver, Ontario

Summer Beaver is one of the Ontario places covered here, with 355 residents recorded in the 2021 Census and the same provincial rulebook as the rest of the province.

The Ontario rules that apply

The regulator for consumer credit in Ontario is the body listed by the federal Payday Lending Regulations (SOR/2024-114) provincial and territorial regulators.

Payday lending is licensed in Ontario; the federal Payday Lending Regulations (SOR/2024-114) publish a cap of $14 per $100 advanced, and notes that a province may set a lower figure.

This is a small community by population, inside the lowest band used on this site, and the provincial framework applies without variation.

The census figures for Summer Beaver

In the 2021 Census, Summer Beaver had 355 residents. Statistics Canada lists 15.4 square kilometres of land for the community.

Dividing population by land area gives 23.1 residents per square kilometre, rounded to one decimal place.

The community is the 458th largest place in the province within this census set.

Summer Beaver sits at rank 458 among the 527 Ontario places here, with 355 residents in the 2021 Census.

Products compared here

The product pages behind this city cover the following borrowing categories, among the 20 products compared nationally.

• Business loans: Commercial borrowing, what lenders read in a business file, and how the assessment differs from personal credit.
• Instalment loans: A fixed number of fixed payments, sized larger and longer than a payday advance.

How borrowing works locally

Payment history is reported to credit agencies, and that record is what builds or damages a credit file over time.

A consumer proposal or a bankruptcy is administered by a licensed insolvency trustee rather than by a lender. A revolving product charges interest on the outstanding balance, while an instalment product charges a fixed schedule of payments.

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

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

Summer Beaver ranks 458 by 2021 Census population among the covered places in Ontario.

The land area recorded for Summer Beaver is 15.4 square kilometres, and the population is 355 residents in the 2021 Census.

At 355 residents in the 2021 Census, Summer Beaver is listed alongside the other covered places in Ontario.

Summer Beaver appears in the census record with 355 residents, and the density of 23.1 people per square kilometre follows from it.

Summer Beaver is one of 527 covered Ontario places, counted at 355 residents with a land area of 15.4 square kilometres.

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

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

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

The density figure for Summer Beaver, 23.1 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.

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