Borrowing in Laforce, Quebec

Laforce is one of the Quebec communities covered here, with a 2021 Census population of 320, and borrowing there is licensed under Quebec's consumer credit rules.

The Quebec rules that apply

Licensing for consumer credit in Quebec sits with the province or territory, and the Financial Consumer Agency of Canada maintains the public list of provincial and territorial regulators.

Quebec is the province that does not license payday lending, so the federal cap that applies in licensed provinces has no provincial regime to sit inside.

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

Provincial licensing decides who may lend, and federal rules add a ceiling where a licensed payday regime exists.

Disclosure requirements mean the cost of borrowing must be stated before an agreement is signed. A lender's assessment looks at income, existing obligations, the credit file, and the asset pledged where there is one.

The census figures for Laforce

Laforce recorded a population of 320 in Statistics Canada's 2021 Census of Population. Statistics Canada lists 436.8 square kilometres of land for the community.

The calculated density is 0.7 people per square kilometre.

The community is the 1046th largest place in the province within this census set.

Compared with the other 1150 covered Quebec places, Laforce ranks 1046 by population.

Products compared here

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

• No credit check loans: What lenders who advertise without a credit check actually look at instead, and where the cost goes.
• Mortgage refinancing: Replacing an existing mortgage to change the rate, the term or the amount borrowed, and what it costs.

The density figure for Laforce, 0.7 people per square kilometre, is calculated from the population and land area above.

Laforce ranks 1046 by 2021 Census population among the covered places in Quebec.

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

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

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

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

At 320 residents in the 2021 Census, Laforce is listed alongside the other covered places in Quebec.

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

Laforce is one of 1150 covered Quebec places, counted at 320 residents with a land area of 436.8 square kilometres.

The land area recorded for Laforce is 436.8 square kilometres, and the population is 320 residents in the 2021 Census.

Laforce sits at rank 1046 within Quebec in this data set, and the provincial rules apply as they do elsewhere.

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 provincial rules apply wherever a borrower is in Quebec; a municipal boundary does not change them.