Borrowing in Québec, Quebec

This page covers borrowing in Québec, Quebec: the census facts, the provincial rules, and the products people compare.

Products compared here

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

• Payday loans: Small, short-term advances against a pay date, the most tightly regulated product in Canadian consumer credit.
• No credit check loans: What lenders who advertise without a credit check actually look at instead, and where the cost goes.

How borrowing works locally

A revolving product charges interest on the outstanding balance, while an instalment product charges a fixed schedule of payments.

A secured product gives the lender a claim on a named asset, which is why its price is usually lower than an unsecured equivalent. Variable-rate products move with a reference rate, while fixed-rate products set the price for a defined term.

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.

Payday lending is not licensed in Quebec; the federal Payday Lending Regulations (SOR/2024-114) list Quebec separately from the provinces that operate a licensed payday regime.

This place sits in the largest band, and every lending rule that applies is provincial rather than municipal.

The census figures for Québec

Statistics Canada's 2021 Census gives Québec a population of 549,459. Land area for Québec is 452.3 square kilometres in the same census.

Dividing population by land area gives 1214.8 residents per square kilometre, rounded to one decimal place.

Its provincial population rank is 2 within this data set.

Québec therefore appears at rank 2 of 1150 covered Quebec places, with a density of 1214.8 people per square kilometre.

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

Québec is one of 1150 covered Quebec places, counted at 549,459 residents with a land area of 452.3 square kilometres.

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

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

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

The density figure for Québec, 1214.8 people per square kilometre, is calculated from the population and land area above.

Québec appears in the census record with 549,459 residents, and the density of 1214.8 people per square kilometre follows from it.

The land area recorded for Québec is 452.3 square kilometres, and the population is 549,459 residents in the 2021 Census.

At 549,459 residents in the 2021 Census, Québec is listed alongside the other covered places in Quebec.

Québec sits at rank 2 within Quebec in this data set, and the provincial rules apply as they do elsewhere.

The Québec 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.

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).

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