Borrowing in Vaughan, Ontario

With 323,103 residents counted in the 2021 Census, Vaughan sits inside Ontario's provincial lending framework.

Products compared here

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

• 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.

How borrowing works locally

Debt management plans are administered by accredited credit counsellors, and they are not loans.

A payday advance is repaid on a pay date, while an instalment loan is repaid over a set number of payments. A secured product gives the lender a claim on a named asset, which is why its price is usually lower than an unsecured equivalent.

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.

The federal payday lending regulations, SOR/2024-114, cap the cost of borrowing at $14 per $100 advanced in Ontario, which the federal Payday Lending Regulations (SOR/2024-114) list as a province that regulates the product.

Communities in the upper-middle band sit below the largest cities but above the small-town range, and the rules remain provincial.

The census figures for Vaughan

In the 2021 Census, Vaughan had 323,103 residents. The census records a land area of 272.4 square kilometres for Vaughan.

The calculated density is 1186.0 people per square kilometre.

Vaughan ranks 8 by population among the Ontario places on this site.

Vaughan is one of 527 places listed for Ontario, ranked 8 by population and measured at 272.4 square kilometres.

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

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

The density figure for Vaughan, 1186.0 people per square kilometre, is calculated from the population and land area above.

Vaughan appears in the census record with 323,103 residents, and the density of 1186.0 people per square kilometre follows from it.

Vaughan sits at rank 8 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

Vaughan is one of 527 covered Ontario places, counted at 323,103 residents with a land area of 272.4 square kilometres.

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

Vaughan ranks 8 by 2021 Census population among the covered places in Ontario.

At 323,103 residents in the 2021 Census, Vaughan is listed alongside the other covered places in Ontario.

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

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

The land area recorded for Vaughan is 272.4 square kilometres, and the population is 323,103 residents in the 2021 Census.

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).

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