Borrowing in Westport, Ontario

Westport is one of the Ontario communities covered here, with a 2021 Census population of 634, and borrowing there is licensed under Ontario's consumer credit rules.

The census figures for Westport

Population for Westport stands at 634 in the 2021 Census. The community covers 2.2 square kilometres of land.

That gives a density of 289.5 people per square kilometre, rounded to one decimal place.

Its provincial population rank is 404 within this data set.

The place record for Westport covers 2.2 square kilometres and 634 residents, a density of 289.5 people per square kilometre.

The Ontario rules that apply

Provincial or territorial law decides who may lend in Ontario, and the Financial Consumer Agency of Canada publishes the list that names the regulator responsible.

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 of this size are listed here with population, land area and density, and the lending rules remain provincial.

How borrowing works locally

Disclosure requirements mean the cost of borrowing must be stated before an agreement is signed.

Interest on a line of credit accrues only on the drawn portion, not on the unused limit. A lender is free to set its own price below the legal ceiling, and it does so according to the risk it reads in the file.

Products compared here

The site describes 20 products in total; the two below are representative of the range.

• Personal loans: A fixed sum repaid on a schedule, usually unsecured, for almost any purpose a lender will accept.
• Mortgage loans: Borrowing against residential property, including how a federally regulated lender tests the file.

Westport appears in the census record with 634 residents, and the density of 289.5 people per square kilometre follows from it.

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

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

The density figure for Westport, 289.5 people per square kilometre, is calculated from the population and land area above.

The land area recorded for Westport is 2.2 square kilometres, and the population is 634 residents in the 2021 Census.

Westport ranks 404 by 2021 Census population among the covered places in Ontario.

At 634 residents in the 2021 Census, Westport is listed alongside the other covered places in Ontario.

Westport sits at rank 404 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

Westport is one of 527 covered Ontario places, counted at 634 residents with a land area of 2.2 square kilometres.

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

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

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

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.