Borrowing in Magnetawan, Ontario

With 1,753 residents counted in the 2021 Census, Magnetawan sits inside Ontario's provincial lending framework.

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.

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).

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

The census figures for Magnetawan

Magnetawan recorded a population of 1,753 in Statistics Canada's 2021 Census of Population. 526.3 square kilometres of land are attributed to Magnetawan.

That gives a density of 3.3 people per square kilometre, rounded to one decimal place.

By population it ranks 315 among the Ontario places covered here.

Magnetawan is one of 527 places listed for Ontario, ranked 315 by population and measured at 526.3 square kilometres.

Products compared here

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

• Mortgage loans: Borrowing against residential property, including how a federally regulated lender tests the file.
• Debt relief programs: The formal and informal routes out of unmanageable debt in Canada, and who is licensed to run them.

How borrowing works locally

A shorter term raises each payment and lowers the total interest, which is the trade every schedule makes.

Joint applications combine two incomes and two sets of obligations in the same assessment. Disclosure requirements mean the cost of borrowing must be stated before an agreement is signed.

The land area recorded for Magnetawan is 526.3 square kilometres, and the population is 1,753 residents in the 2021 Census.

Magnetawan appears in the census record with 1,753 residents, and the density of 3.3 people per square kilometre follows from it.

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

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

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

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

Magnetawan ranks 315 by 2021 Census population among the covered places in Ontario.

Magnetawan is one of 527 covered Ontario places, counted at 1,753 residents with a land area of 526.3 square kilometres.

The density figure for Magnetawan, 3.3 people per square kilometre, is calculated from the population and land area above.

Magnetawan sits at rank 315 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

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

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

Population and land area figures come from Statistics Canada's 2021 Census of Population; regulatory statements are attributed to the federal Payday Lending Regulations (SOR/2024-114).

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.