Borrowing in Latchford, Ontario

A loan taken out in Latchford is governed by Ontario's licensing rules, and the 2021 Census counted 355 people in the community.

The census figures for Latchford

Population for Latchford stands at 355 in the 2021 Census. The census records a land area of 152.3 square kilometres for Latchford.

The calculated density is 2.3 people per square kilometre.

The community is the 459th largest place in the province within this census set.

Latchford sits at rank 459 among the 527 Ontario places here, with 355 residents in the 2021 Census.

The Ontario rules that apply

Consumer credit in Ontario is licensed by the provincial or territorial regulator, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators.

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.

Places in the smallest population band are grouped here as small communities, and the pages carry the same census fields and the same provincial rules as the largest city.

How borrowing works locally

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

A payday advance is repaid on a pay date, while an instalment loan is repaid over a set number of payments. A credit file is compiled by private agencies from information lenders and other creditors report.

Products compared here

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

• No credit check loans: What lenders who advertise without a credit check actually look at instead, and where the cost goes.
• Mortgage refinancing: Replacing an existing mortgage to change the rate, the term or the amount borrowed, and what it costs.

The density figure for Latchford, 2.3 people per square kilometre, is calculated from the population and land area above.

Latchford is one of 527 covered Ontario places, counted at 355 residents with a land area of 152.3 square kilometres.

Latchford ranks 459 by 2021 Census population among the covered places in Ontario.

Latchford sits at rank 459 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

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

Latchford appears in the census record with 355 residents, and the density of 2.3 people per square kilometre follows from it.

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

The land area recorded for Latchford is 152.3 square kilometres, and the population is 355 residents in the 2021 Census.

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

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

At 355 residents in the 2021 Census, Latchford is listed alongside the other covered places in Ontario.

The Latchford 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.

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.

Compare the disclosure on any agreement against the provincial ceiling, and treat the census figures as the only local statistics on the page.