Borrowing in Lorraine, Quebec

Lorraine, Quebec, recorded a population of 9,502 in the 2021 Census; the rules that govern a loan signed there are provincial.

The census figures for Lorraine

Statistics Canada's 2021 Census gives Lorraine a population of 9,502. Land area for Lorraine is 5.9 square kilometres in the same census.

Dividing population by land area gives 1610.5 residents per square kilometre, rounded to one decimal place.

The community is the 114th largest place in the province within this census set.

The place record for Lorraine covers 5.9 square kilometres and 9,502 residents, a density of 1610.5 people per square kilometre.

Products compared here

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

• 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.

The Quebec rules that apply

The body that licenses consumer lending in Quebec is the regulator named on the federal Payday Lending Regulations (SOR/2024-114)'s list of provincial and territorial regulators.

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.

Places in the lower-middle band group smaller towns and municipalities under the same provincial framework.

How borrowing works locally

An application usually asks for identification, income evidence, banking details and a statement of obligations.

A revolving product charges interest on the outstanding balance, while an instalment product charges a fixed schedule of payments. A mortgage is registered against the property, which is what gives the lender its claim.

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

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

Lorraine sits at rank 114 within Quebec in this data set, and the provincial rules apply as they do elsewhere.

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

Lorraine ranks 114 by 2021 Census population among the covered places in Quebec.

At 9,502 residents in the 2021 Census, Lorraine is listed alongside the other covered places in Quebec.

Lorraine appears in the census record with 9,502 residents, and the density of 1610.5 people per square kilometre follows from it.

The land area recorded for Lorraine is 5.9 square kilometres, and the population is 9,502 residents in the 2021 Census.

The density figure for Lorraine, 1610.5 people per square kilometre, is calculated from the population and land area above.

Lorraine is one of 1150 covered Quebec places, counted at 9,502 residents with a land area of 5.9 square kilometres.

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

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

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.