Borrowing in Mercier, Quebec

Mercier is one of the Quebec places covered here, with 14,626 residents recorded in the 2021 Census and the same provincial rulebook as the rest of the province.

How borrowing works locally

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

A mortgage is registered against the property, which is what gives the lender its claim. Variable-rate products move with a reference rate, while fixed-rate products set the price for a defined term.

Products compared here

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

• Collateral loans: Borrowing against an asset a lender will hold, from vehicles to savings, and what happens on default.
• Car loans: Financing a vehicle, including the effect of trade-in equity, negative equity and dealer-arranged credit.

The census figures for Mercier

14,626 people were counted in Mercier in the 2021 Census. 46.0 square kilometres of land are attributed to Mercier.

On those two figures, density is 318.2 residents per square kilometre when rounded to one decimal place.

The community is the 76th largest place in the province within this census set.

Mercier sits at rank 76 among the 1150 Quebec places here, with 14,626 residents in the 2021 Census.

The Quebec rules that apply

Consumer credit in Quebec is licensed by the provincial or territorial regulator, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators.

For Quebec, the federal Payday Lending Regulations (SOR/2024-114) record that payday lending is not licensed, so the cost limit should be confirmed with the provincial regulator.

The lower-middle band covers towns of moderate size, none of which sets its own lending rules.

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

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

The land area recorded for Mercier is 46.0 square kilometres, and the population is 14,626 residents in the 2021 Census.

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

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

The density figure for Mercier, 318.2 people per square kilometre, is calculated from the population and land area above.

Mercier ranks 76 by 2021 Census population among the covered places in Quebec.

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

Mercier appears in the census record with 14,626 residents, and the density of 318.2 people per square kilometre follows from it.

Mercier is one of 1150 covered Quebec places, counted at 14,626 residents with a land area of 46.0 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.

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