Borrowing in Fermont, Quebec

This page covers borrowing in Fermont, Quebec: the census facts, the provincial rules, and the products people compare.

The census figures for Fermont

The 2021 Census counted 2,256 residents in Fermont. The census records a land area of 451.1 square kilometres for Fermont.

On those two figures, density is 5.0 residents per square kilometre when rounded to one decimal place.

The 2021 Census population places it at rank 367 in the province.

Fermont is one of 1150 places listed for Quebec, ranked 367 by population and measured at 451.1 square kilometres.

Products compared here

Two of the 20 covered products appear below, each with the purpose the product is designed for.

• Bad credit loans: Borrowing when the credit file is damaged, and what changes about price and security as a result.
• Home equity loans: Converting property equity into credit, and the difference between a lump sum and a revolving limit.

The Quebec rules that apply

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

Payday lending is not licensed in Quebec; the federal Payday Lending Regulations (SOR/2024-114) list Quebec separately from the provinces that operate a licensed payday regime.

At the small end of the census range, the community still borrows inside the province's licensing system.

How borrowing works locally

A credit file is compiled by private agencies from information lenders and other creditors report.

A mortgage is registered against the property, which is what gives the lender its claim. Payment history is reported to credit agencies, and that record is what builds or damages a credit file over time.

Fermont ranks 367 by 2021 Census population among the covered places in Quebec.

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

The land area recorded for Fermont is 451.1 square kilometres, and the population is 2,256 residents in the 2021 Census.

At 2,256 residents in the 2021 Census, Fermont is listed alongside the other covered places in Quebec.

Fermont is one of 1150 covered Quebec places, counted at 2,256 residents with a land area of 451.1 square kilometres.

Fermont sits at rank 367 within Quebec in this data set, and the provincial rules apply as they do elsewhere.

The density figure for Fermont, 5.0 people per square kilometre, is calculated from the population and land area above.

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

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

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

Fermont appears in the census record with 2,256 residents, and the density of 5.0 people per square kilometre follows from it.

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).

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.