Borrowing in Elgin, Quebec

A loan taken out in Elgin is governed by Quebec's licensing rules, and the 2021 Census counted 389 people in the community.

The Quebec rules that apply

Consumer lending in Quebec is licensed provincially or territorially, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators where the current position appears.

Quebec does not license payday lending, a fact the federal Payday Lending Regulations (SOR/2024-114) record when it lists the provinces that regulate the product.

This is a small community by population, inside the lowest band used on this site, and the provincial framework applies without variation.

The census figures for Elgin

Statistics Canada's 2021 Census gives Elgin a population of 389. Statistics Canada lists 69.3 square kilometres of land for the community.

Population divided by land area produces a density of 5.6 people per square kilometre.

The 2021 Census population places it at rank 1000 in the province.

Elgin sits at rank 1000 among the 1150 Quebec places here, with 389 residents in the 2021 Census.

Products compared here

Each product below has its own page, and the Quebec position applies to all of them.

• Cash advance loans: Immediate short-term cash, including the difference between a cash advance on credit and a payday-style advance.
• Lines of credit: A revolving limit you draw on and repay, usually paying interest only on what is outstanding.

How borrowing works locally

A provincial regulator publishes licensing requirements, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators.

Debt management plans are administered by accredited credit counsellors, and they are not loans. Variable-rate products move with a reference rate, while fixed-rate products set the price for a defined term.

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

Elgin appears in the census record with 389 residents, and the density of 5.6 people per square kilometre follows from it.

Elgin ranks 1000 by 2021 Census population among the covered places in Quebec.

Elgin is one of 1150 covered Quebec places, counted at 389 residents with a land area of 69.3 square kilometres.

The land area recorded for Elgin is 69.3 square kilometres, and the population is 389 residents in the 2021 Census.

The density figure for Elgin, 5.6 people per square kilometre, is calculated from the population and land area above.

Elgin sits at rank 1000 within Quebec in this data set, and the provincial rules apply as they do elsewhere.

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

At 389 residents in the 2021 Census, Elgin is listed alongside the other covered places in Quebec.

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

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

Nothing on the Elgin 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.

The 2021 Census of Population published by Statistics Canada is the source for population and land area; the federal Payday Lending Regulations (SOR/2024-114) are the source for payday rules.

Compare the disclosure on any agreement against the provincial ceiling, and treat the census figures as the only local statistics on the page.