Borrowing in Macdonald, Meredith and Aberdeen Additional, Ontario

Macdonald, Meredith and Aberdeen Additional is one of the Ontario communities covered here, with a 2021 Census population of 1,513, and borrowing there is licensed under Ontario's consumer credit rules.

The census figures for Macdonald, Meredith and Aberdeen Additional

In the 2021 Census, Macdonald, Meredith and Aberdeen Additional had 1,513 residents. Its land area is 163.3 square kilometres.

On those two figures, density is 9.3 residents per square kilometre when rounded to one decimal place.

Among covered Ontario places, Macdonald, Meredith and Aberdeen Additional sits at rank 324 by population.

Compared with the other 527 covered Ontario places, Macdonald, Meredith and Aberdeen Additional ranks 324 by population.

Products compared here

These are two of the 20 products described on the site, and each has a national page as well as the provincial rules.

• Unsecured loans: Borrowing with no asset pledged, priced for the risk the lender is taking on your file alone.
• Business loans: Commercial borrowing, what lenders read in a business file, and how the assessment differs from personal credit.

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.

A payday advance in Ontario falls under a provincial licensing regime, and the cost of borrowing is capped at $14 per $100 advanced according to the federal Payday Lending Regulations (SOR/2024-114).

The lowest band groups villages, rural municipalities and small towns, all read against the same provincial rulebook.

How borrowing works locally

An application usually asks for identification, income evidence, banking details and a statement of obligations.

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.

The land area recorded for Macdonald, Meredith and Aberdeen Additional is 163.3 square kilometres, and the population is 1,513 residents in the 2021 Census.

Macdonald, Meredith and Aberdeen Additional ranks 324 by 2021 Census population among the covered places in Ontario.

Readers comparing Macdonald, Meredith and Aberdeen Additional with another community can use the same four census fields.

Macdonald, Meredith and Aberdeen Additional sits at rank 324 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

For Macdonald, Meredith and Aberdeen Additional, the two census fields above are the only local statistics used anywhere on the page.

The density figure for Macdonald, Meredith and Aberdeen Additional, 9.3 people per square kilometre, is calculated from the population and land area above.

The Macdonald, Meredith and Aberdeen Additional page follows the same structure as every other place page, with population, land area, density and rank.

At 1,513 residents in the 2021 Census, Macdonald, Meredith and Aberdeen Additional is listed alongside the other covered places in Ontario.

Macdonald, Meredith and Aberdeen Additional is one of 527 covered Ontario places, counted at 1,513 residents with a land area of 163.3 square kilometres.

Macdonald, Meredith and Aberdeen Additional appears in the census record with 1,513 residents, and the density of 9.3 people per square kilometre follows from it.

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.