Borrowing in Bear Island 1, Ontario

Bear Island 1 is one of the Ontario places covered here, with 244 residents recorded in the 2021 Census and the same provincial rulebook as the rest of the province.

The census figures for Bear Island 1

The 2021 Census counted 244 residents in Bear Island 1. Land area for Bear Island 1 is 2.9 square kilometres in the same census.

Dividing population by land area gives 84.7 residents per square kilometre, rounded to one decimal place.

Among covered Ontario places, Bear Island 1 sits at rank 481 by population.

Within Ontario, Bear Island 1 is place number 481 by population in this census set, at 244 residents.

Products compared here

The site describes 20 products in total; the two below are representative of the range.

• Debt consolidation loans: Replacing several expensive debts with one payment, and the arithmetic that decides whether it helps.
• Personal loans: A fixed sum repaid on a schedule, usually unsecured, for almost any purpose a lender will accept.

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.

The federal Payday Lending Regulations (SOR/2024-114) count Ontario among the provinces with payday lending rules, where the published maximum cost of borrowing is $14 per $100 advanced under SOR/2024-114.

Places in the smallest population band are grouped here as small communities, and the pages carry the same census fields and the same provincial rules as the largest city.

How borrowing works locally

A deposit or trade-in reduces the amount financed and therefore the interest charged over the term.

Payment history is reported to credit agencies, and that record is what builds or damages a credit file over time. A shorter term raises each payment and lowers the total interest, which is the trade every schedule makes.

Bear Island 1 ranks 481 by 2021 Census population among the covered places in Ontario.

Bear Island 1 sits at rank 481 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

For Bear Island 1, the two census fields above are the only local statistics used anywhere on the page.

Bear Island 1 is one of 527 covered Ontario places, counted at 244 residents with a land area of 2.9 square kilometres.

Where a figure for Bear Island 1 could not be verified, the page names the publisher instead of printing a number.

The Bear Island 1 page follows the same structure as every other place page, with population, land area, density and rank.

Bear Island 1 appears in the census record with 244 residents, and the density of 84.7 people per square kilometre follows from it.

The density figure for Bear Island 1, 84.7 people per square kilometre, is calculated from the population and land area above.

Readers comparing Bear Island 1 with another community can use the same four census fields.

Nothing on the Bear Island 1 page is estimated; the population and land area come from Statistics Canada's 2021 Census of Population.

At 244 residents in the 2021 Census, Bear Island 1 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.

Population and land area figures come from Statistics Canada's 2021 Census of Population; regulatory statements are attributed to the federal Payday Lending Regulations (SOR/2024-114).

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