Borrowing in Emo, Ontario

Emo is one of the Ontario places covered here, with 1,204 residents recorded in the 2021 Census and the same provincial rulebook as the rest of the province.

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.

Provincial licensing decides who may lend, and federal rules add a ceiling where a licensed payday regime exists. Adding a co-signer puts a second file in front of the lender and adds a second person to the obligation.

Products compared here

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

• Business lines of credit: A revolving operating limit for a business, and why it behaves differently from a term loan.
• Collateral loans: Borrowing against an asset a lender will hold, from vehicles to savings, and what happens on default.

The census figures for Emo

The 2021 Census counted 1,204 residents in Emo. The community covers 202.3 square kilometres of land.

The calculated density is 6.0 people per square kilometre.

The community is the 340th largest place in the province within this census set.

Emo sits at rank 340 among the 527 Ontario places here, with 1,204 residents in the 2021 Census.

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.

A payday advance in Ontario falls under a provincial licensing regime, and the cost of borrowing is capped at $14 per $100 advanced according to the federal Payday Lending Regulations (SOR/2024-114).

Communities of this size are listed here with population, land area and density, and the lending rules remain provincial.

Emo sits at rank 340 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

The land area recorded for Emo is 202.3 square kilometres, and the population is 1,204 residents in the 2021 Census.

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

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

At 1,204 residents in the 2021 Census, Emo is listed alongside the other covered places in Ontario.

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

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

The density figure for Emo, 6.0 people per square kilometre, is calculated from the population and land area above.

Emo ranks 340 by 2021 Census population among the covered places in Ontario.

Emo appears in the census record with 1,204 residents, and the density of 6.0 people per square kilometre follows from it.

Emo is one of 527 covered Ontario places, counted at 1,204 residents with a land area of 202.3 square kilometres.

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

loanmoose.ca is not a lender and does not make credit decisions. The lowest rates are only available to the most qualified applicants.

Statistics Canada's 2021 Census of Population supplies the population and land-area figures, and the federal Payday Lending Regulations (SOR/2024-114) supply the payday position.

Lending rules change, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators where the current position is confirmed.