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Borrowing in Drummond/North Elmsley, Ontario

Drummond/North Elmsley, Ontario: 8,183 residents in the 2021 Census, 365.7 square kilometres of land, and the provincial lending rules that apply across Ontario.

Province Ontario (ON)
Population, 2021 Census 8,183
Land area 365.7 km²
Provincial regulator See the FCAC list

With 8,183 residents counted in the 2021 Census, Drummond/North Elmsley sits inside Ontario's provincial lending framework.

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, cap the cost of borrowing at $14 per $100 advanced in Ontario, which the federal Payday Lending Regulations (SOR/2024-114) list as a province that regulates the product.

Municipalities of this size are grouped together here, with the province setting the licensing position for all of them.

How borrowing works locally

A mortgage is registered against the property, which is what gives the lender its claim.

A revolving product charges interest on the outstanding balance, while an instalment product charges a fixed schedule of payments. A payday advance is repaid on a pay date, while an instalment loan is repaid over a set number of payments.

The census figures for Drummond/North Elmsley

8,183 people were counted in Drummond/North Elmsley in the 2021 Census. The census records a land area of 365.7 square kilometres for Drummond/North Elmsley.

On those two figures, density is 22.4 residents per square kilometre when rounded to one decimal place.

Among covered Ontario places, Drummond/North Elmsley sits at rank 174 by population.

Drummond/North Elmsley sits at rank 174 among the 527 Ontario places here, with 8,183 residents in the 2021 Census.

Products compared here

Each product below has its own page, and the Ontario position applies to all of them.

  • 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.

Drummond/North Elmsley ranks 174 by 2021 Census population among the covered places in Ontario.

Drummond/North Elmsley sits at rank 174 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

For Drummond/North Elmsley, the two census fields above are the only local statistics used anywhere on the page.

Readers comparing Drummond/North Elmsley with another community can use the same four census fields.

Drummond/North Elmsley appears in the census record with 8,183 residents, and the density of 22.4 people per square kilometre follows from it.

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

Where a figure for Drummond/North Elmsley could not be verified, the page names the publisher instead of printing a number.

At 8,183 residents in the 2021 Census, Drummond/North Elmsley is listed alongside the other covered places in Ontario.

The Drummond/North Elmsley page follows the same structure as every other place page, with population, land area, density and rank.

The land area recorded for Drummond/North Elmsley is 365.7 square kilometres, and the population is 8,183 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.

The 2021 Census of Population published by Statistics Canada is the source for population and land area; the federal Payday Lending Regulations (SOR/2024-114) are the source for payday rules.

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

Population and land area: Statistics Canada, Census of Population 2021, table 98-10-0002.

Borrowing in Drummond/North Elmsley

Personal loans A fixed sum repaid on a schedule, usually unsecured, for almost any purpose a lender will accept. Bad credit loans Borrowing when the credit file is damaged, and what changes about price and security as a result. No credit check loans What lenders who advertise without a credit check actually look at instead, and where the cost goes. Lines of credit A revolving limit you draw on and repay, usually paying interest only on what is outstanding. Unsecured loans Borrowing with no asset pledged, priced for the risk the lender is taking on your file alone. Secured loans Borrowing against an asset, which lowers the price but puts the asset at risk if you default. Car loans Financing a vehicle, including the effect of trade-in equity, negative equity and dealer-arranged credit. Mortgage loans Borrowing against residential property, including how a federally regulated lender tests the file. Home equity loans Converting property equity into credit, and the difference between a lump sum and a revolving limit. Mortgage refinancing Replacing an existing mortgage to change the rate, the term or the amount borrowed, and what it costs. Home renovation loans Paying for work on a property, from a small unsecured instalment loan to a secured renovation product. Business loans Commercial borrowing, what lenders read in a business file, and how the assessment differs from personal credit. Business lines of credit A revolving operating limit for a business, and why it behaves differently from a term loan. Debt consolidation loans Replacing several expensive debts with one payment, and the arithmetic that decides whether it helps. Debt relief programs The formal and informal routes out of unmanageable debt in Canada, and who is licensed to run them. Payday loans Small, short-term advances against a pay date, the most tightly regulated product in Canadian consumer credit. Cash advance loans Immediate short-term cash, including the difference between a cash advance on credit and a payday-style advance. Emergency loans Money for an urgent expense, and the order in which a sensible borrower works through the options. Instalment loans A fixed number of fixed payments, sized larger and longer than a payday advance. Collateral loans Borrowing against an asset a lender will hold, from vehicles to savings, and what happens on default.

Nearby places

Toronto 2,794,356 Ottawa 1,017,449 Mississauga 717,961 Brampton 656,480 Hamilton 569,353 London 422,324

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