Borrowing in McDougall, Ontario

With 2,744 residents counted in the 2021 Census, McDougall sits inside Ontario's provincial lending framework.

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.

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

The census figures for McDougall

2,744 people were counted in McDougall in the 2021 Census. 264.0 square kilometres of land are attributed to McDougall.

That gives a density of 10.4 people per square kilometre, rounded to one decimal place.

McDougall ranks 285 by population among the Ontario places on this site.

McDougall therefore appears at rank 285 of 527 covered Ontario places, with a density of 10.4 people per square kilometre.

Products compared here

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

• Business loans: Commercial borrowing, what lenders read in a business file, and how the assessment differs from personal credit.
• Instalment loans: A fixed number of fixed payments, sized larger and longer than a payday advance.

How borrowing works locally

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 lender's assessment looks at income, existing obligations, the credit file, and the asset pledged where there is one. A consumer proposal or a bankruptcy is administered by a licensed insolvency trustee rather than by a lender.

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

McDougall sits at rank 285 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

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

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

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

The land area recorded for McDougall is 264.0 square kilometres, and the population is 2,744 residents in the 2021 Census.

McDougall appears in the census record with 2,744 residents, and the density of 10.4 people per square kilometre follows from it.

The density figure for McDougall, 10.4 people per square kilometre, is calculated from the population and land area above.

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

McDougall ranks 285 by 2021 Census population among the 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.

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