Borrowing in Richmond, Quebec

Richmond is one of the Quebec communities covered here, with a 2021 Census population of 3,259, and borrowing there is licensed under Quebec's consumer credit rules.

How borrowing works locally

A lender's assessment looks at income, existing obligations, the credit file, and the asset pledged where there is one.

Interest on a line of credit accrues only on the drawn portion, not on the unused limit. An application usually asks for identification, income evidence, banking details and a statement of obligations.

Products compared here

The site describes 20 products in total; the two below are representative of the range.

• Mortgage loans: Borrowing against residential property, including how a federally regulated lender tests the file.
• Debt relief programs: The formal and informal routes out of unmanageable debt in Canada, and who is licensed to run them.

The census figures for Richmond

Statistics Canada's 2021 Census gives Richmond a population of 3,259. Statistics Canada lists 7.0 square kilometres of land for the community.

On those two figures, density is 466.9 residents per square kilometre when rounded to one decimal place.

The community is the 257th largest place in the province within this census set.

Richmond therefore appears at rank 257 of 1150 covered Quebec places, with a density of 466.9 people per square kilometre.

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.

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.

The lowest band groups villages, rural municipalities and small towns, all read against the same provincial rulebook.

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

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

The density figure for Richmond, 466.9 people per square kilometre, is calculated from the population and land area above.

Richmond appears in the census record with 3,259 residents, and the density of 466.9 people per square kilometre follows from it.

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

Richmond is one of 1150 covered Quebec places, counted at 3,259 residents with a land area of 7.0 square kilometres.

At 3,259 residents in the 2021 Census, Richmond is listed alongside the other covered places in Quebec.

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

The land area recorded for Richmond is 7.0 square kilometres, and the population is 3,259 residents in the 2021 Census.

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

Richmond sits at rank 257 within Quebec in this data set, and the provincial rules apply as they do elsewhere.

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.