Borrowing in Ajax, Ontario

With 126,666 residents counted in the 2021 Census, Ajax sits inside Ontario's provincial lending framework.

The census figures for Ajax

In the 2021 Census, Ajax had 126,666 residents. Statistics Canada lists 66.6 square kilometres of land for the community.

On those two figures, density is 1900.8 residents per square kilometre when rounded to one decimal place.

By population it ranks 23 among the Ontario places covered here.

Ajax is one of 527 places listed for Ontario, ranked 23 by population and measured at 66.6 square kilometres.

The Ontario rules that apply

Consumer lending in Ontario 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.

Payday lending is licensed in Ontario; the federal Payday Lending Regulations (SOR/2024-114) publish a cap of $14 per $100 advanced, and notes that a province may set a lower figure.

Places in the upper-middle band are grouped here, with the province setting the cost and licensing rules.

How borrowing works locally

A payday advance is repaid on a pay date, while an instalment loan is repaid over a set number of payments.

A mortgage is registered against the property, which is what gives the lender its claim. A prepayment privilege allows a borrower to pay more than the scheduled amount, sometimes with a charge attached.

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.

• Secured loans: Borrowing against an asset, which lowers the price but puts the asset at risk if you default.
• Business lines of credit: A revolving operating limit for a business, and why it behaves differently from a term loan.

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

The land area recorded for Ajax is 66.6 square kilometres, and the population is 126,666 residents in the 2021 Census.

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

Ajax ranks 23 by 2021 Census population among the covered places in Ontario.

Ajax is one of 527 covered Ontario places, counted at 126,666 residents with a land area of 66.6 square kilometres.

Ajax sits at rank 23 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

The density figure for Ajax, 1900.8 people per square kilometre, is calculated from the population and land area above.

Ajax appears in the census record with 126,666 residents, and the density of 1900.8 people per square kilometre follows from it.

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

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

Readers comparing Ajax 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.

Census figures are from Statistics Canada's 2021 Census of Population, and the payday position is taken from the federal Payday Lending Regulations (SOR/2024-114).

Nothing here is an offer, and no page on this site can tell anyone what a lender will decide.