Borrowing in Wôlinak, Quebec

Wôlinak, Quebec, recorded a population of 194 in the 2021 Census; the rules that govern a loan signed there are provincial.

The census figures for Wôlinak

Wôlinak recorded a population of 194 in Statistics Canada's 2021 Census of Population. The census records a land area of 0.7 square kilometres for Wôlinak.

Dividing population by land area gives 262.2 residents per square kilometre, rounded to one decimal place.

Among covered Quebec places, Wôlinak sits at rank 1116 by population.

Wôlinak is one of 1150 places listed for Quebec, ranked 1116 by population and measured at 0.7 square kilometres.

Products compared here

These are two of the 20 products described on the site, and each has a national page as well as the provincial rules.

• Home equity loans: Converting property equity into credit, and the difference between a lump sum and a revolving limit.
• Payday loans: Small, short-term advances against a pay date, the most tightly regulated product in Canadian consumer credit.

The Quebec rules that apply

The regulator for consumer credit in Quebec is the body listed by the federal Payday Lending Regulations (SOR/2024-114) 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

Variable-rate products move with a reference rate, while fixed-rate products set the price for a defined term.

An application usually asks for identification, income evidence, banking details and a statement of obligations. A deposit or trade-in reduces the amount financed and therefore the interest charged over the term.

The density figure for Wôlinak, 262.2 people per square kilometre, is calculated from the population and land area above.

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

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

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

At 194 residents in the 2021 Census, Wôlinak is listed alongside the other covered places in Quebec.

Wôlinak sits at rank 1116 within Quebec in this data set, and the provincial rules apply as they do elsewhere.

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

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

Wôlinak is one of 1150 covered Quebec places, counted at 194 residents with a land area of 0.7 square kilometres.

Wôlinak ranks 1116 by 2021 Census population among the covered places in Quebec.

The land area recorded for Wôlinak is 0.7 square kilometres, and the population is 194 residents in the 2021 Census.

Wôlinak appears in the census record with 194 residents, and the density of 262.2 people per square kilometre follows from it.

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.