Borrowing in Burlington, Ontario

This page covers borrowing in Burlington, Ontario: the census facts, the provincial rules, and the products people compare.

How borrowing works locally

A broker arranges credit but does not lend, and the lender remains the party that makes the decision.

Adding a co-signer puts a second file in front of the lender and adds a second person to the obligation. A deposit or trade-in reduces the amount financed and therefore the interest charged over the term.

Products compared here

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

• Cash advance loans: Immediate short-term cash, including the difference between a cash advance on credit and a payday-style advance.
• Lines of credit: A revolving limit you draw on and repay, usually paying interest only on what is outstanding.

The census figures for Burlington

In the 2021 Census, Burlington had 186,948 residents. Statistics Canada lists 186.1 square kilometres of land for the community.

Dividing population by land area gives 1004.4 residents per square kilometre, rounded to one decimal place.

Among covered Ontario places, Burlington sits at rank 13 by population.

Within Ontario, Burlington is place number 13 by population in this census set, at 186,948 residents.

The Ontario rules that apply

Consumer lending in Ontario is licensed provincially or territorially, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators where the current position appears.

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.

This place falls in the upper-middle band, where the product set and the provincial rules are unchanged from smaller centres.

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

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

The density figure for Burlington, 1004.4 people per square kilometre, is calculated from the population and land area above.

The land area recorded for Burlington is 186.1 square kilometres, and the population is 186,948 residents in the 2021 Census.

Burlington sits at rank 13 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

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

Burlington is one of 527 covered Ontario places, counted at 186,948 residents with a land area of 186.1 square kilometres.

At 186,948 residents in the 2021 Census, Burlington is listed alongside the other covered places in Ontario.

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

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

Burlington appears in the census record with 186,948 residents, and the density of 1004.4 people per square kilometre follows from it.

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).

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