Borrowing in Shannon, Quebec

With 6,432 residents counted in the 2021 Census, Shannon sits inside Quebec's provincial lending framework.

The census figures for Shannon

6,432 people were counted in Shannon in the 2021 Census. Land area for Shannon is 63.5 square kilometres in the same census.

On those two figures, density is 101.2 residents per square kilometre when rounded to one decimal place.

The 2021 Census population places it at rank 152 in the province.

Shannon therefore appears at rank 152 of 1150 covered Quebec places, with a density of 101.2 people per square kilometre.

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.

Because Quebec does not license payday lending, no provincial payday cap applies there, and the federal Payday Lending Regulations (SOR/2024-114) note the distinction.

In the lower-middle band, pages carry the census figures for the place and the same provincial lending position as larger centres.

How borrowing works locally

Disclosure requirements mean the cost of borrowing must be stated before an agreement is signed.

A mortgage is registered against the property, which is what gives the lender its claim. A lender may ask for proof of address, and a permanent address is a standard requirement for consumer credit.

Products compared here

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

• Business loans: Commercial borrowing, what lenders read in a business file, and how the assessment differs from personal credit.
• Instalment loans: A fixed number of fixed payments, sized larger and longer than a payday advance.

At 6,432 residents in the 2021 Census, Shannon is listed alongside the other covered places in Quebec.

The land area recorded for Shannon is 63.5 square kilometres, and the population is 6,432 residents in the 2021 Census.

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

The density figure for Shannon, 101.2 people per square kilometre, is calculated from the population and land area above.

Shannon ranks 152 by 2021 Census population among the covered places in Quebec.

Shannon appears in the census record with 6,432 residents, and the density of 101.2 people per square kilometre follows from it.

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

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

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

Shannon is one of 1150 covered Quebec places, counted at 6,432 residents with a land area of 63.5 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.

Population and land area figures come from Statistics Canada's 2021 Census of Population; regulatory statements are attributed to 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.