Borrowing in Machar, Ontario

With 969 residents counted in the 2021 Census, Machar sits inside Ontario's provincial lending framework.

How borrowing works locally

Provincial licensing decides who may lend, and federal rules add a ceiling where a licensed payday regime exists.

A secured product gives the lender a claim on a named asset, which is why its price is usually lower than an unsecured equivalent. A consumer proposal or a bankruptcy is administered by a licensed insolvency trustee rather than by a lender.

Products compared here

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

• Mortgage refinancing: Replacing an existing mortgage to change the rate, the term or the amount borrowed, and what it costs.
• Cash advance loans: Immediate short-term cash, including the difference between a cash advance on credit and a payday-style advance.

The census figures for Machar

The 2021 Census counted 969 residents in Machar. Land area for Machar is 182.7 square kilometres in the same census.

Dividing population by land area gives 5.3 residents per square kilometre, rounded to one decimal place.

The community is the 364th largest place in the province within this census set.

The place record for Machar covers 182.7 square kilometres and 969 residents, a density of 5.3 people per square kilometre.

The Ontario rules that apply

Licensing for consumer credit in Ontario sits with the province or territory, and the Financial Consumer Agency of Canada maintains the public list of provincial and territorial regulators.

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).

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.

The land area recorded for Machar is 182.7 square kilometres, and the population is 969 residents in the 2021 Census.

The density figure for Machar, 5.3 people per square kilometre, is calculated from the population and land area above.

Machar is one of 527 covered Ontario places, counted at 969 residents with a land area of 182.7 square kilometres.

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

Machar sits at rank 364 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

Machar ranks 364 by 2021 Census population among the covered places in Ontario.

Machar appears in the census record with 969 residents, and the density of 5.3 people per square kilometre follows from it.

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

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

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

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

At 969 residents in the 2021 Census, Machar 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.

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 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.