Borrowing in Mississauga, Ontario

This page covers borrowing in Mississauga, Ontario: the census facts, the provincial rules, and the products people compare.

The Ontario rules that apply

Provincial or territorial law decides who may lend in Ontario, and the Financial Consumer Agency of Canada publishes the list that names the regulator responsible.

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.

This is one of the largest communities in the country, in the top population band, and the licensing position remains provincial.

How borrowing works locally

Debt management plans are administered by accredited credit counsellors, and they are not loans.

Disclosure requirements mean the cost of borrowing must be stated before an agreement is signed. Interest on a line of credit accrues only on the drawn portion, not on the unused limit.

The census figures for Mississauga

Population for Mississauga stands at 717,961 in the 2021 Census. Statistics Canada lists 292.7 square kilometres of land for the community.

On those two figures, density is 2452.6 residents per square kilometre when rounded to one decimal place.

Among covered Ontario places, Mississauga sits at rank 3 by population.

Mississauga therefore appears at rank 3 of 527 covered Ontario places, with a density of 2452.6 people per square kilometre.

Products compared here

Among the 20 products compared here, these two are commonly used for the purposes described.

• Debt consolidation loans: Replacing several expensive debts with one payment, and the arithmetic that decides whether it helps.
• Personal loans: A fixed sum repaid on a schedule, usually unsecured, for almost any purpose a lender will accept.

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

At 717,961 residents in the 2021 Census, Mississauga is listed alongside the other covered places in Ontario.

Mississauga is one of 527 covered Ontario places, counted at 717,961 residents with a land area of 292.7 square kilometres.

Mississauga ranks 3 by 2021 Census population among the covered places in Ontario.

Mississauga sits at rank 3 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

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

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

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

Mississauga appears in the census record with 717,961 residents, and the density of 2452.6 people per square kilometre follows from it.

The land area recorded for Mississauga is 292.7 square kilometres, and the population is 717,961 residents in the 2021 Census.

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

The density figure for Mississauga, 2452.6 people per square kilometre, is calculated from the population and land area above.

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).

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