Borrowing in Burk's Falls, Ontario

A loan taken out in Burk's Falls is governed by Ontario's licensing rules, and the 2021 Census counted 957 people in the community.

The Ontario rules that apply

Consumer credit in Ontario is licensed by the provincial or territorial regulator, and the Financial Consumer Agency of Canada publishes the 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.

Small places are covered the same way as large ones: census figures for the place, and the provincial position on lending.

How borrowing works locally

A provincial regulator publishes licensing requirements, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators.

A lender may ask for proof of address, and a permanent address is a standard requirement for consumer credit. A credit file is compiled by private agencies from information lenders and other creditors report.

The census figures for Burk's Falls

957 people were counted in Burk's Falls in the 2021 Census. 3.1 square kilometres of land are attributed to Burk's Falls.

The arithmetic gives 309.7 people per square kilometre.

Its provincial population rank is 367 within this data set.

Burk's Falls sits at rank 367 among the 527 Ontario places here, with 957 residents in the 2021 Census.

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.

• Instalment loans: A fixed number of fixed payments, sized larger and longer than a payday advance.
• Secured loans: Borrowing against an asset, which lowers the price but puts the asset at risk if you default.

For Burk's Falls, the two census fields above are the only local statistics used anywhere on the page.

Burk's Falls sits at rank 367 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

Readers comparing Burk's Falls with another community can use the same four census fields.

At 957 residents in the 2021 Census, Burk's Falls is listed alongside the other covered places in Ontario.

The Burk's Falls page follows the same structure as every other place page, with population, land area, density and rank.

Burk's Falls appears in the census record with 957 residents, and the density of 309.7 people per square kilometre follows from it.

Burk's Falls is one of 527 covered Ontario places, counted at 957 residents with a land area of 3.1 square kilometres.

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

Burk's Falls ranks 367 by 2021 Census population among the covered places in Ontario.

Where a figure for Burk's Falls could not be verified, the page names the publisher instead of printing a number.

The land area recorded for Burk's Falls is 3.1 square kilometres, and the population is 957 residents in the 2021 Census.

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.