Borrowing in Eagle Lake 27, Ontario

Eagle Lake 27, Ontario, recorded a population of 257 in the 2021 Census; the rules that govern a loan signed there are provincial.

The Ontario rules that apply

The body that licenses consumer lending in Ontario is the regulator named on the federal Payday Lending Regulations (SOR/2024-114)'s 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.

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

The census figures for Eagle Lake 27

In the 2021 Census, Eagle Lake 27 had 257 residents. Land area for Eagle Lake 27 is 32.4 square kilometres in the same census.

Population divided by land area produces a density of 7.9 people per square kilometre.

The community is the 477th largest place in the province within this census set.

The place record for Eagle Lake 27 covers 32.4 square kilometres and 257 residents, a density of 7.9 people per square kilometre.

Products compared here

Two of the 20 covered products appear below, each with the purpose the product is designed for.

• Unsecured loans: Borrowing with no asset pledged, priced for the risk the lender is taking on your file alone.
• Business loans: Commercial borrowing, what lenders read in a business file, and how the assessment differs from personal credit.

How borrowing works locally

Disclosure requirements mean the cost of borrowing must be stated before an agreement is signed.

A consumer proposal or a bankruptcy is administered by a licensed insolvency trustee rather than by a lender. A broker arranges credit but does not lend, and the lender remains the party that makes the decision.

Nothing on the Eagle Lake 27 page is estimated; the population and land area come from Statistics Canada's 2021 Census of Population.

Where a figure for Eagle Lake 27 could not be verified, the page names the publisher instead of printing a number.

For Eagle Lake 27, the two census fields above are the only local statistics used anywhere on the page.

The Eagle Lake 27 page follows the same structure as every other place page, with population, land area, density and rank.

The density figure for Eagle Lake 27, 7.9 people per square kilometre, is calculated from the population and land area above.

Eagle Lake 27 sits at rank 477 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

Eagle Lake 27 is one of 527 covered Ontario places, counted at 257 residents with a land area of 32.4 square kilometres.

Eagle Lake 27 ranks 477 by 2021 Census population among the covered places in Ontario.

Readers comparing Eagle Lake 27 with another community can use the same four census fields.

The land area recorded for Eagle Lake 27 is 32.4 square kilometres, and the population is 257 residents in the 2021 Census.

Eagle Lake 27 appears in the census record with 257 residents, and the density of 7.9 people per square kilometre follows from it.

At 257 residents in the 2021 Census, Eagle Lake 27 is listed alongside the other covered places in Ontario.

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.

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.