Borrowing in Black River-Matheson, Ontario

This page covers borrowing in Black River-Matheson, Ontario: the census facts, the provincial rules, and the products people compare.

The census figures for Black River-Matheson

Black River-Matheson recorded a population of 2,572 in Statistics Canada's 2021 Census of Population. Land area for Black River-Matheson is 1161.9 square kilometres in the same census.

That gives a density of 2.2 people per square kilometre, rounded to one decimal place.

The community is the 294th largest place in the province within this census set.

Black River-Matheson is one of 527 places listed for Ontario, ranked 294 by population and measured at 1161.9 square kilometres.

Products compared here

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

• 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 Ontario rules that apply

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

The lowest band groups villages, rural municipalities and small towns, all read against the same provincial rulebook.

How borrowing works locally

A shorter term raises each payment and lowers the total interest, which is the trade every schedule makes.

Payment history is reported to credit agencies, and that record is what builds or damages a credit file over time. Adding a co-signer puts a second file in front of the lender and adds a second person to the obligation.

At 2,572 residents in the 2021 Census, Black River-Matheson is listed alongside the other covered places in Ontario.

Readers comparing Black River-Matheson with another community can use the same four census fields.

Where a figure for Black River-Matheson could not be verified, the page names the publisher instead of printing a number.

Black River-Matheson ranks 294 by 2021 Census population among the covered places in Ontario.

Black River-Matheson sits at rank 294 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

Black River-Matheson appears in the census record with 2,572 residents, and the density of 2.2 people per square kilometre follows from it.

The Black River-Matheson page follows the same structure as every other place page, with population, land area, density and rank.

The density figure for Black River-Matheson, 2.2 people per square kilometre, is calculated from the population and land area above.

Black River-Matheson is one of 527 covered Ontario places, counted at 2,572 residents with a land area of 1161.9 square kilometres.

For Black River-Matheson, the two census fields above are the only local statistics used anywhere on the page.

The land area recorded for Black River-Matheson is 1161.9 square kilometres, and the population is 2,572 residents in the 2021 Census.

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

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).

The same structure is used for every place covered, so two communities can be compared field by field: population, land area, density, rank, and the provincial rules.