Borrowing in Shefford, Quebec

Shefford, Quebec, recorded a population of 7,253 in the 2021 Census; the rules that govern a loan signed there are provincial.

The census figures for Shefford

The 2021 Census counted 7,253 residents in Shefford. Statistics Canada lists 118.0 square kilometres of land for the community.

The calculated density is 61.5 people per square kilometre.

Its provincial population rank is 140 within this data set.

Shefford sits at rank 140 among the 1150 Quebec places here, with 7,253 residents in the 2021 Census.

The Quebec rules that apply

Consumer lending in Quebec is licensed provincially or territorially, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators where the current position appears.

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.

This community sits in the lower-middle population band, which changes the census figures rather than the rules.

How borrowing works locally

A broker arranges credit but does not lend, and the lender remains the party that makes the decision.

A lender may ask for proof of address, and a permanent address is a standard requirement for consumer credit. A shorter term raises each payment and lowers the total interest, which is the trade every schedule makes.

Products compared here

Among the 20 products compared here, these two are commonly used for the purposes described.

• Instalment loans: A fixed number of fixed payments, sized larger and longer than a payday advance.
• Secured loans: Borrowing against an asset, which lowers the price but puts the asset at risk if you default.

Shefford is one of 1150 covered Quebec places, counted at 7,253 residents with a land area of 118.0 square kilometres.

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

Shefford sits at rank 140 within Quebec in this data set, and the provincial rules apply as they do elsewhere.

Shefford ranks 140 by 2021 Census population among the covered places in Quebec.

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

At 7,253 residents in the 2021 Census, Shefford is listed alongside the other covered places in Quebec.

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

The land area recorded for Shefford is 118.0 square kilometres, and the population is 7,253 residents in the 2021 Census.

The density figure for Shefford, 61.5 people per square kilometre, is calculated from the population and land area above.

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

Shefford appears in the census record with 7,253 residents, and the density of 61.5 people per square kilometre follows from it.

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

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).

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