Borrowing in Tay, Ontario

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

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) count Ontario among the provinces with payday lending rules, where the published maximum cost of borrowing is $14 per $100 advanced under SOR/2024-114.

Size changes the census figures, not the rules; this community falls in the lower-middle band.

How borrowing works locally

A longer amortisation lowers each payment and raises the total interest paid over the life of the loan.

A deposit or trade-in reduces the amount financed and therefore the interest charged over the term. Adding a co-signer puts a second file in front of the lender and adds a second person to the obligation.

The census figures for Tay

Statistics Canada's 2021 Census gives Tay a population of 11,091. Land area for Tay is 137.9 square kilometres in the same census.

On those two figures, density is 80.5 residents per square kilometre when rounded to one decimal place.

By population it ranks 138 among the Ontario places covered here.

Compared with the other 527 covered Ontario places, Tay ranks 138 by population.

Products compared here

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

• 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.

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

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

Tay ranks 138 by 2021 Census population among the covered places in Ontario.

The density figure for Tay, 80.5 people per square kilometre, is calculated from the population and land area above.

The land area recorded for Tay is 137.9 square kilometres, and the population is 11,091 residents in the 2021 Census.

At 11,091 residents in the 2021 Census, Tay is listed alongside the other covered places in Ontario.

Tay appears in the census record with 11,091 residents, and the density of 80.5 people per square kilometre follows from it.

Tay is one of 527 covered Ontario places, counted at 11,091 residents with a land area of 137.9 square kilometres.

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

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

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.