Borrowing in Grand Valley, Ontario

With 3,851 residents counted in the 2021 Census, Grand Valley sits inside Ontario's provincial lending framework.

How borrowing works locally

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

Interest on a line of credit accrues only on the drawn portion, not on the unused limit. Joint applications combine two incomes and two sets of obligations in the same assessment.

Products compared here

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

• Collateral loans: Borrowing against an asset a lender will hold, from vehicles to savings, and what happens on default.
• Car loans: Financing a vehicle, including the effect of trade-in equity, negative equity and dealer-arranged credit.

The census figures for Grand Valley

The 2021 Census counted 3,851 residents in Grand Valley. Its land area is 158.6 square kilometres.

The arithmetic gives 24.3 people per square kilometre.

Its provincial population rank is 256 within this data set.

Compared with the other 527 covered Ontario places, Grand Valley ranks 256 by population.

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, 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.

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

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

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

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

At 3,851 residents in the 2021 Census, Grand Valley is listed alongside the other covered places in Ontario.

Grand Valley appears in the census record with 3,851 residents, and the density of 24.3 people per square kilometre follows from it.

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

Grand Valley is one of 527 covered Ontario places, counted at 3,851 residents with a land area of 158.6 square kilometres.

The density figure for Grand Valley, 24.3 people per square kilometre, is calculated from the population and land area above.

Grand Valley ranks 256 by 2021 Census population among the covered places in Ontario.

Grand Valley sits at rank 256 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

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

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.