Borrowing in Milton, Ontario

With 132,979 residents counted in the 2021 Census, Milton sits inside Ontario's provincial lending framework.

The census figures for Milton

The 2021 Census counted 132,979 residents in Milton. Its land area is 363.8 square kilometres.

Population divided by land area produces a density of 365.5 people per square kilometre.

Its provincial population rank is 21 within this data set.

The place record for Milton covers 363.8 square kilometres and 132,979 residents, a density of 365.5 people per square kilometre.

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.

• Personal loans: A fixed sum repaid on a schedule, usually unsecured, for almost any purpose a lender will accept.
• Mortgage loans: Borrowing against residential property, including how a federally regulated lender tests the file.

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.

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 upper-middle band covers substantial cities, each licensed under the same provincial framework.

How borrowing works locally

A broker arranges credit but does not lend, and the lender remains the party that makes the decision.

A lender's assessment looks at income, existing obligations, the credit file, and the asset pledged where there is one. Provincial licensing decides who may lend, and federal rules add a ceiling where a licensed payday regime exists.

The density figure for Milton, 365.5 people per square kilometre, is calculated from the population and land area above.

Milton ranks 21 by 2021 Census population among the covered places in Ontario.

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

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

Milton appears in the census record with 132,979 residents, and the density of 365.5 people per square kilometre follows from it.

At 132,979 residents in the 2021 Census, Milton is listed alongside the other covered places in Ontario.

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

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

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

Milton sits at rank 21 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

Milton is one of 527 covered Ontario places, counted at 132,979 residents with a land area of 363.8 square kilometres.

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.