Borrowing in Val-Racine, Quebec

Val-Racine, Quebec, recorded a population of 183 in the 2021 Census; the rules that govern a loan signed there are provincial.

The Quebec rules that apply

Consumer credit in Quebec is licensed by the provincial or territorial regulator, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators.

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.

Small places are covered the same way as large ones: census figures for the place, and the provincial position on lending.

How borrowing works locally

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

A deposit or trade-in reduces the amount financed and therefore the interest charged over the term. A consumer proposal or a bankruptcy is administered by a licensed insolvency trustee rather than by a lender.

The census figures for Val-Racine

183 people were counted in Val-Racine in the 2021 Census. The census records a land area of 116.1 square kilometres for Val-Racine.

On those two figures, density is 1.6 residents per square kilometre when rounded to one decimal place.

The 2021 Census population places it at rank 1124 in the province.

The place record for Val-Racine covers 116.1 square kilometres and 183 residents, a density of 1.6 people per square kilometre.

Products compared here

Each product below has its own page, and the Quebec position applies to all of them.

• Collateral loans: Borrowing against an asset a lender will hold, from vehicles to savings, and what happens on default.
• Car loans: Financing a vehicle, including the effect of trade-in equity, negative equity and dealer-arranged credit.

The land area recorded for Val-Racine is 116.1 square kilometres, and the population is 183 residents in the 2021 Census.

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

The density figure for Val-Racine, 1.6 people per square kilometre, is calculated from the population and land area above.

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

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

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

At 183 residents in the 2021 Census, Val-Racine is listed alongside the other covered places in Quebec.

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

Val-Racine sits at rank 1124 within Quebec in this data set, and the provincial rules apply as they do elsewhere.

Val-Racine ranks 1124 by 2021 Census population among the covered places in Quebec.

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.

The same structure is used for every place covered, so two communities can be compared field by field: population, land area, density, rank, and the provincial rules.