Borrowing in Montréal, Quebec

Montréal is one of the Quebec communities covered here, with a 2021 Census population of 1,762,949, and borrowing there is licensed under Quebec's consumer credit rules.

How borrowing works locally

A payday advance is repaid on a pay date, while an instalment loan is repaid over a set number of payments.

A lender's assessment looks at income, existing obligations, the credit file, and the asset pledged where there is one. A shorter term raises each payment and lowers the total interest, which is the trade every schedule makes.

Products compared here

The product pages behind this city cover the following borrowing categories, among the 20 products compared nationally.

• Lines of credit: A revolving limit you draw on and repay, usually paying interest only on what is outstanding.
• Home renovation loans: Paying for work on a property, from a small unsecured instalment loan to a secured renovation product.

The census figures for Montréal

Population for Montréal stands at 1,762,949 in the 2021 Census. The community covers 364.7 square kilometres of land.

Dividing population by land area gives 4833.4 residents per square kilometre, rounded to one decimal place.

Its provincial population rank is 1 within this data set.

Montréal sits at rank 1 among the 1150 Quebec places here, with 1,762,949 residents in the 2021 Census.

The Quebec rules that apply

Provincial or territorial law decides who may lend in Quebec, and the Financial Consumer Agency of Canada publishes the list that names the regulator responsible.

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.

This is one of the largest communities in the country, in the top population band, and the licensing position remains provincial.

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

Montréal sits at rank 1 within Quebec in this data set, and the provincial rules apply as they do elsewhere.

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

Montréal ranks 1 by 2021 Census population among the covered places in Quebec.

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

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

Montréal is one of 1150 covered Quebec places, counted at 1,762,949 residents with a land area of 364.7 square kilometres.

The density figure for Montréal, 4833.4 people per square kilometre, is calculated from the population and land area above.

Montréal appears in the census record with 1,762,949 residents, and the density of 4833.4 people per square kilometre follows from it.

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

At 1,762,949 residents in the 2021 Census, Montréal is listed alongside the other covered places in Quebec.

The land area recorded for Montréal is 364.7 square kilometres, and the population is 1,762,949 residents in the 2021 Census.

loanmoose.ca is not a lender and does not make credit decisions. The lowest rates are only available to the most qualified applicants.

Census figures are from Statistics Canada's 2021 Census of Population, and the payday position is taken from the federal Payday Lending Regulations (SOR/2024-114).

Compare the disclosure on any agreement against the provincial ceiling, and treat the census figures as the only local statistics on the page.