Borrowing in Merrickville-Wolford, Ontario

Merrickville-Wolford is one of the Ontario places covered here, with 3,135 residents recorded in the 2021 Census and the same provincial rulebook as the rest of the province.

The census figures for Merrickville-Wolford

Statistics Canada's 2021 Census gives Merrickville-Wolford a population of 3,135. Its land area is 214.3 square kilometres.

Population divided by land area produces a density of 14.6 people per square kilometre.

Its provincial population rank is 272 within this data set.

Compared with the other 527 covered Ontario places, Merrickville-Wolford ranks 272 by population.

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.

In Ontario, payday lending operates under a licensed provincial regime, and the federal Payday Lending Regulations (SOR/2024-114) record a maximum cost of borrowing of $14 for each $100 advanced under 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.

How borrowing works locally

A payday advance is repaid on a pay date, while an instalment loan is repaid over a set number of payments.

Variable-rate products move with a reference rate, while fixed-rate products set the price for a defined term. A secured product gives the lender a claim on a named asset, which is why its price is usually lower than an unsecured equivalent.

Products compared here

The site describes 20 products in total; the two below are representative of the range.

• Collateral loans: Borrowing against an asset a lender will hold, from vehicles to savings, and what happens on default.
• Car loans: Financing a vehicle, including the effect of trade-in equity, negative equity and dealer-arranged credit.

At 3,135 residents in the 2021 Census, Merrickville-Wolford is listed alongside the other covered places in Ontario.

Readers comparing Merrickville-Wolford with another community can use the same four census fields.

Merrickville-Wolford ranks 272 by 2021 Census population among the covered places in Ontario.

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

Merrickville-Wolford sits at rank 272 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

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

The density figure for Merrickville-Wolford, 14.6 people per square kilometre, is calculated from the population and land area above.

The land area recorded for Merrickville-Wolford is 214.3 square kilometres, and the population is 3,135 residents in the 2021 Census.

Merrickville-Wolford is one of 527 covered Ontario places, counted at 3,135 residents with a land area of 214.3 square kilometres.

The Merrickville-Wolford 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.

Census figures are from Statistics Canada's 2021 Census of Population, and the payday position is taken from the federal Payday Lending Regulations (SOR/2024-114).

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