Borrowing in Hanover, Ontario

With 7,967 residents counted in the 2021 Census, Hanover 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.

In Ontario, payday lending operates under a licensed provincial regime, and the federal Payday Lending Regulations (SOR/2024-114) record a maximum cost of borrowing of $14 for each $100 advanced under SOR/2024-114.

Places in the lower-middle band group smaller towns and municipalities under the same provincial framework.

The census figures for Hanover

The 2021 Census counted 7,967 residents in Hanover. The census records a land area of 9.8 square kilometres for Hanover.

On those two figures, density is 814.6 residents per square kilometre when rounded to one decimal place.

The 2021 Census population places it at rank 176 in the province.

Hanover sits at rank 176 among the 527 Ontario places here, with 7,967 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 consolidation loans: Replacing several expensive debts with one payment, and the arithmetic that decides whether it helps.
• Personal loans: A fixed sum repaid on a schedule, usually unsecured, for almost any purpose a lender will accept.

How borrowing works locally

Payment history is reported to credit agencies, and that record is what builds or damages a credit file over time.

Interest on a line of credit accrues only on the drawn portion, not on the unused limit. A secured product gives the lender a claim on a named asset, which is why its price is usually lower than an unsecured equivalent.

The density figure for Hanover, 814.6 people per square kilometre, is calculated from the population and land area above.

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

The land area recorded for Hanover is 9.8 square kilometres, and the population is 7,967 residents in the 2021 Census.

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

Hanover sits at rank 176 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

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

Hanover ranks 176 by 2021 Census population among the covered places in Ontario.

Hanover appears in the census record with 7,967 residents, and the density of 814.6 people per square kilometre follows from it.

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

Hanover is one of 527 covered Ontario places, counted at 7,967 residents with a land area of 9.8 square kilometres.

At 7,967 residents in the 2021 Census, Hanover 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.

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).

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.