Borrowing in Bearskin Lake, Ontario

Bearskin Lake is one of the Ontario communities covered here, with a 2021 Census population of 447, and borrowing there is licensed under Ontario's consumer credit 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.

Payment history is reported to credit agencies, and that record is what builds or damages a credit file over time. Variable-rate products move with a reference rate, while fixed-rate products set the price for a defined term.

Products compared here

The product pages behind this city cover the following borrowing categories, among the 20 products compared nationally.

• Debt relief programs: The formal and informal routes out of unmanageable debt in Canada, and who is licensed to run them.
• Bad credit loans: Borrowing when the credit file is damaged, and what changes about price and security as a result.

The census figures for Bearskin Lake

In the 2021 Census, Bearskin Lake had 447 residents. The community covers 144.9 square kilometres of land.

The calculated density is 3.1 people per square kilometre.

Its provincial population rank is 436 within this data set.

Bearskin Lake is one of 527 places listed for Ontario, ranked 436 by population and measured at 144.9 square kilometres.

The Ontario rules that apply

Licensing for consumer credit in Ontario sits with the province or territory, and the Financial Consumer Agency of Canada maintains the public list of provincial and territorial regulators.

The federal Payday Lending Regulations (SOR/2024-114) list Ontario among the provinces that regulate payday lending, where the federal Payday Lending Regulations (SOR/2024-114) cap the cost of borrowing at $14 per $100 advanced.

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.

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

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

Bearskin Lake appears in the census record with 447 residents, and the density of 3.1 people per square kilometre follows from it.

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

The land area recorded for Bearskin Lake is 144.9 square kilometres, and the population is 447 residents in the 2021 Census.

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

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

Bearskin Lake sits at rank 436 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

At 447 residents in the 2021 Census, Bearskin Lake is listed alongside the other covered places in Ontario.

Bearskin Lake ranks 436 by 2021 Census population among the covered places in Ontario.

The density figure for Bearskin Lake, 3.1 people per square kilometre, is calculated from the population and land area above.

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.

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