Borrowing in Lake Helen 53A, Ontario

This page covers borrowing in Lake Helen 53A, Ontario: the census facts, the provincial rules, and the products people compare.

The Ontario rules that apply

Consumer lending in Ontario is licensed provincially or territorially, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators where the current position appears.

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.

Small places are covered the same way as large ones: census figures for the place, and the provincial position on lending.

The census figures for Lake Helen 53A

Lake Helen 53A recorded a population of 240 in Statistics Canada's 2021 Census of Population. The community covers 0.9 square kilometres of land.

The calculated density is 279.1 people per square kilometre.

The 2021 Census population places it at rank 483 in the province.

Compared with the other 527 covered Ontario places, Lake Helen 53A ranks 483 by population.

Products compared here

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

• Instalment loans: A fixed number of fixed payments, sized larger and longer than a payday advance.
• Secured loans: Borrowing against an asset, which lowers the price but puts the asset at risk if you default.

How borrowing works locally

A prepayment privilege allows a borrower to pay more than the scheduled amount, sometimes with a charge attached.

A lender may ask for proof of address, and a permanent address is a standard requirement for consumer credit. A lender's assessment looks at income, existing obligations, the credit file, and the asset pledged where there is one.

The Lake Helen 53A page follows the same structure as every other place page, with population, land area, density and rank.

Lake Helen 53A is one of 527 covered Ontario places, counted at 240 residents with a land area of 0.9 square kilometres.

At 240 residents in the 2021 Census, Lake Helen 53A is listed alongside the other covered places in Ontario.

The land area recorded for Lake Helen 53A is 0.9 square kilometres, and the population is 240 residents in the 2021 Census.

Readers comparing Lake Helen 53A with another community can use the same four census fields.

Nothing on the Lake Helen 53A page is estimated; the population and land area come from Statistics Canada's 2021 Census of Population.

Lake Helen 53A appears in the census record with 240 residents, and the density of 279.1 people per square kilometre follows from it.

The density figure for Lake Helen 53A, 279.1 people per square kilometre, is calculated from the population and land area above.

For Lake Helen 53A, the two census fields above are the only local statistics used anywhere on the page.

Where a figure for Lake Helen 53A could not be verified, the page names the publisher instead of printing a number.

Lake Helen 53A sits at rank 483 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

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