Borrowing in Welland, Ontario

A loan taken out in Welland is governed by Ontario's licensing rules, and the 2021 Census counted 55,750 people in the community.

The census figures for Welland

55,750 people were counted in Welland in the 2021 Census. 81.2 square kilometres of land are attributed to Welland.

The calculated density is 686.9 people per square kilometre.

The community is the 40th largest place in the province within this census set.

Welland is one of 527 places listed for Ontario, ranked 40 by population and measured at 81.2 square kilometres.

Products compared here

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

• Mortgage refinancing: Replacing an existing mortgage to change the rate, the term or the amount borrowed, and what it costs.
• Cash advance loans: Immediate short-term cash, including the difference between a cash advance on credit and a payday-style advance.

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.

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.

Mid-sized places carry the same product list and the same provincial position as the largest city in the province.

How borrowing works locally

A deposit or trade-in reduces the amount financed and therefore the interest charged over the term.

A provincial regulator publishes licensing requirements, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators. An application usually asks for identification, income evidence, banking details and a statement of obligations.

The land area recorded for Welland is 81.2 square kilometres, and the population is 55,750 residents in the 2021 Census.

Welland appears in the census record with 55,750 residents, and the density of 686.9 people per square kilometre follows from it.

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

At 55,750 residents in the 2021 Census, Welland is listed alongside the other covered places in Ontario.

Welland sits at rank 40 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

Welland is one of 527 covered Ontario places, counted at 55,750 residents with a land area of 81.2 square kilometres.

Welland ranks 40 by 2021 Census population among the covered places in Ontario.

The density figure for Welland, 686.9 people per square kilometre, is calculated from the population and land area above.

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

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

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

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

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.