Borrowing in Val-David, Quebec

Val-David is one of the Quebec places covered here, with 5,558 residents recorded in the 2021 Census and the same provincial rulebook as the rest of the province.

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.

The federal Payday Lending Regulations (SOR/2024-114) are explicit that Quebec does not license payday lending, which changes which rules a short-term advance falls under.

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

A credit file is compiled by private agencies from information lenders and other creditors report.

A secured product gives the lender a claim on a named asset, which is why its price is usually lower than an unsecured equivalent. Interest on a line of credit accrues only on the drawn portion, not on the unused limit.

The census figures for Val-David

Val-David recorded a population of 5,558 in Statistics Canada's 2021 Census of Population. Its land area is 42.7 square kilometres.

On those two figures, density is 130.3 residents per square kilometre when rounded to one decimal place.

The community is the 175th largest place in the province within this census set.

Val-David therefore appears at rank 175 of 1150 covered Quebec places, with a density of 130.3 people per square kilometre.

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.

At 5,558 residents in the 2021 Census, Val-David is listed alongside the other covered places in Quebec.

Val-David is one of 1150 covered Quebec places, counted at 5,558 residents with a land area of 42.7 square kilometres.

Val-David ranks 175 by 2021 Census population among the covered places in Quebec.

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

The land area recorded for Val-David is 42.7 square kilometres, and the population is 5,558 residents in the 2021 Census.

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

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

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

Val-David appears in the census record with 5,558 residents, and the density of 130.3 people per square kilometre follows from it.

Val-David sits at rank 175 within Quebec in this data set, and the provincial rules apply as they do elsewhere.

The density figure for Val-David, 130.3 people per square kilometre, is calculated from the population and land area above.

Readers comparing Val-David with another community can use the same four census fields.

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

The 2021 Census of Population published by Statistics Canada is the source for population and land area; the federal Payday Lending Regulations (SOR/2024-114) are the source for payday rules.

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