Borrowing in Kerns, Ontario

Kerns, Ontario, recorded a population of 330 in the 2021 Census; the rules that govern a loan signed there are provincial.

The census figures for Kerns

In the 2021 Census, Kerns had 330 residents. Statistics Canada lists 90.7 square kilometres of land for the community.

The calculated density is 3.6 people per square kilometre.

By population it ranks 464 among the Ontario places covered here.

Kerns therefore appears at rank 464 of 527 covered Ontario places, with a density of 3.6 people per square kilometre.

The Ontario rules that apply

Provincial or territorial law decides who may lend in Ontario, and the Financial Consumer Agency of Canada publishes the list that names the regulator responsible.

Payday lending is licensed in Ontario; the federal Payday Lending Regulations (SOR/2024-114) publish a cap of $14 per $100 advanced, and notes that a province may set a lower figure.

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

How borrowing works locally

Joint applications combine two incomes and two sets of obligations in the same assessment.

A secured product gives the lender a claim on a named asset, which is why its price is usually lower than an unsecured equivalent. Debt management plans are administered by accredited credit counsellors, and they are not loans.

Products compared here

The product pages behind this city cover the following borrowing categories, among the 20 products compared nationally.

• Lines of credit: A revolving limit you draw on and repay, usually paying interest only on what is outstanding.
• Home renovation loans: Paying for work on a property, from a small unsecured instalment loan to a secured renovation product.

Kerns is one of 527 covered Ontario places, counted at 330 residents with a land area of 90.7 square kilometres.

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

At 330 residents in the 2021 Census, Kerns is listed alongside the other covered places in Ontario.

Kerns ranks 464 by 2021 Census population among the covered places in Ontario.

Kerns sits at rank 464 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

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

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

Kerns appears in the census record with 330 residents, and the density of 3.6 people per square kilometre follows from it.

The density figure for Kerns, 3.6 people per square kilometre, is calculated from the population and land area above.

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

The land area recorded for Kerns is 90.7 square kilometres, and the population is 330 residents in the 2021 Census.

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

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

Census figures are from Statistics Canada's 2021 Census of Population, and the payday position is taken from the federal Payday Lending Regulations (SOR/2024-114).

The provincial rules apply wherever a borrower is in Ontario; a municipal boundary does not change them.