Borrowing in Waterloo, Ontario

A loan taken out in Waterloo is governed by Ontario's licensing rules, and the 2021 Census counted 121,436 people in the community.

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) 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.

Places in the upper-middle band are grouped here, with the province setting the cost and licensing rules.

The census figures for Waterloo

121,436 people were counted in Waterloo in the 2021 Census. The community covers 64.1 square kilometres of land.

Population divided by land area produces a density of 1895.7 people per square kilometre.

The 2021 Census population places it at rank 24 in the province.

Within Ontario, Waterloo is place number 24 by population in this census set, at 121,436 residents.

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

A secured product gives the lender a claim on a named asset, which is why its price is usually lower than an unsecured equivalent.

Adding a co-signer puts a second file in front of the lender and adds a second person to the obligation. Disclosure requirements mean the cost of borrowing must be stated before an agreement is signed.

The land area recorded for Waterloo is 64.1 square kilometres, and the population is 121,436 residents in the 2021 Census.

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

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

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

At 121,436 residents in the 2021 Census, Waterloo is listed alongside the other covered places in Ontario.

Waterloo sits at rank 24 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

The density figure for Waterloo, 1895.7 people per square kilometre, is calculated from the population and land area above.

Waterloo appears in the census record with 121,436 residents, and the density of 1895.7 people per square kilometre follows from it.

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

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

Waterloo is one of 527 covered Ontario places, counted at 121,436 residents with a land area of 64.1 square kilometres.

Waterloo ranks 24 by 2021 Census population among the covered places in Ontario.

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.

The same structure is used for every place covered, so two communities can be compared field by field: population, land area, density, rank, and the provincial rules.