Borrowing in Alberton, Ontario

With 954 residents counted in the 2021 Census, Alberton sits inside Ontario's provincial lending framework.

The census figures for Alberton

Statistics Canada's 2021 Census gives Alberton a population of 954. Its land area is 116.6 square kilometres.

The arithmetic gives 8.2 people per square kilometre.

Its provincial population rank is 368 within this data set.

Compared with the other 527 covered Ontario places, Alberton ranks 368 by population.

The Ontario rules that apply

The body that licenses consumer lending in Ontario is the regulator named on the federal Payday Lending Regulations (SOR/2024-114)'s list of provincial and territorial regulators.

A payday advance in Ontario falls under a provincial licensing regime, and the cost of borrowing is capped at $14 per $100 advanced according to the federal Payday Lending Regulations (SOR/2024-114).

At the small end of the census range, the community still borrows inside the province's licensing system.

How borrowing works locally

A lender may ask for proof of address, and a permanent address is a standard requirement for consumer credit.

Disclosure requirements mean the cost of borrowing must be stated before an agreement is signed. A lender is free to set its own price below the legal ceiling, and it does so according to the risk it reads in the file.

Products compared here

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

• 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.

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

The density figure for Alberton, 8.2 people per square kilometre, is calculated from the population and land area above.

Alberton is one of 527 covered Ontario places, counted at 954 residents with a land area of 116.6 square kilometres.

Alberton appears in the census record with 954 residents, and the density of 8.2 people per square kilometre follows from it.

The land area recorded for Alberton is 116.6 square kilometres, and the population is 954 residents in the 2021 Census.

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

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

Alberton ranks 368 by 2021 Census population among the covered places in Ontario.

Alberton sits at rank 368 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

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

At 954 residents in the 2021 Census, Alberton is listed alongside the other covered places in Ontario.

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

Statistics Canada's 2021 Census of Population supplies the population and land-area figures, and the federal Payday Lending Regulations (SOR/2024-114) supply the payday position.

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