Borrowing in Mayo, Quebec

Mayo is one of the Quebec places covered here, with 704 residents recorded in the 2021 Census and the same provincial rulebook as the rest of the province.

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.

The federal Payday Lending Regulations (SOR/2024-114) are explicit that Quebec does not license payday lending, which changes which rules a short-term advance falls under.

Places in the smallest population band are grouped here as small communities, and the pages carry the same census fields and the same provincial rules as the largest city.

How borrowing works locally

Payment history is reported to credit agencies, and that record is what builds or damages a credit file over time.

Variable-rate products move with a reference rate, while fixed-rate products set the price for a defined term. A consumer proposal or a bankruptcy is administered by a licensed insolvency trustee rather than by a lender.

The census figures for Mayo

Statistics Canada's 2021 Census gives Mayo a population of 704. 72.5 square kilometres of land are attributed to Mayo.

Dividing population by land area gives 9.7 residents per square kilometre, rounded to one decimal place.

By population it ranks 801 among the Quebec places covered here.

Compared with the other 1150 covered Quebec places, Mayo ranks 801 by population.

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.

Mayo appears in the census record with 704 residents, and the density of 9.7 people per square kilometre follows from it.

Mayo ranks 801 by 2021 Census population among the covered places in Quebec.

At 704 residents in the 2021 Census, Mayo is listed alongside the other covered places in Quebec.

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

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

Mayo sits at rank 801 within Quebec in this data set, and the provincial rules apply as they do elsewhere.

The land area recorded for Mayo is 72.5 square kilometres, and the population is 704 residents in the 2021 Census.

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

The density figure for Mayo, 9.7 people per square kilometre, is calculated from the population and land area above.

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

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

Mayo is one of 1150 covered Quebec places, counted at 704 residents with a land area of 72.5 square kilometres.

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.

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