Borrowing in Lac-Simon, Quebec

A loan taken out in Lac-Simon is governed by Quebec's licensing rules, and the 2021 Census counted 1,057 people in the community.

The census figures for Lac-Simon

Lac-Simon recorded a population of 1,057 in Statistics Canada's 2021 Census of Population. Statistics Canada lists 95.7 square kilometres of land for the community.

That gives a density of 11.1 people per square kilometre, rounded to one decimal place.

The community is the 637th largest place in the province within this census set.

Lac-Simon therefore appears at rank 637 of 1150 covered Quebec places, with a density of 11.1 people per square kilometre.

Products compared here

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

• Home renovation loans: Paying for work on a property, from a small unsecured instalment loan to a secured renovation product.
• Emergency loans: Money for an urgent expense, and the order in which a sensible borrower works through the options.

The Quebec rules that apply

The regulator for consumer credit in Quebec is the body listed by the federal Payday Lending Regulations (SOR/2024-114) provincial and territorial regulators.

Because Quebec does not license payday lending, no provincial payday cap applies there, and the federal Payday Lending Regulations (SOR/2024-114) note the distinction.

Small places are covered the same way as large ones: census figures for the place, and the provincial position on lending.

How borrowing works locally

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

A longer amortisation lowers each payment and raises the total interest paid over the life of the loan. A provincial regulator publishes licensing requirements, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators.

Lac-Simon is one of 1150 covered Quebec places, counted at 1,057 residents with a land area of 95.7 square kilometres.

The land area recorded for Lac-Simon is 95.7 square kilometres, and the population is 1,057 residents in the 2021 Census.

Lac-Simon appears in the census record with 1,057 residents, and the density of 11.1 people per square kilometre follows from it.

The density figure for Lac-Simon, 11.1 people per square kilometre, is calculated from the population and land area above.

Lac-Simon sits at rank 637 within Quebec in this data set, and the provincial rules apply as they do elsewhere.

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

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

Lac-Simon ranks 637 by 2021 Census population among the covered places in Quebec.

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

Readers comparing Lac-Simon with another community can use the same four census fields.

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.

Lending rules change, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators where the current position is confirmed.