Borrowing in Mississaugas of Scugog Island, Ontario

Mississaugas of Scugog Island is one of the Ontario places covered here, with 125 residents recorded in the 2021 Census and the same provincial rulebook as the rest of the province.

The census figures for Mississaugas of Scugog Island

Mississaugas of Scugog Island recorded a population of 125 in Statistics Canada's 2021 Census of Population. Statistics Canada lists 2.6 square kilometres of land for the community.

Population divided by land area produces a density of 48.6 people per square kilometre.

The community is the 518th largest place in the province within this census set.

Mississaugas of Scugog Island sits at rank 518 among the 527 Ontario places here, with 125 residents in the 2021 Census.

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.

The federal Payday Lending Regulations (SOR/2024-114) count Ontario among the provinces with payday lending rules, where the published maximum cost of borrowing is $14 per $100 advanced under SOR/2024-114.

Small places are covered the same way as large ones: census figures for the place, and the provincial position on lending.

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 prepayment privilege allows a borrower to pay more than the scheduled amount, sometimes with a charge attached. Provincial licensing decides who may lend, and federal rules add a ceiling where a licensed payday regime exists.

Products compared here

Each product below has its own page, and the Ontario position applies to all of them.

• Mortgage refinancing: Replacing an existing mortgage to change the rate, the term or the amount borrowed, and what it costs.
• Cash advance loans: Immediate short-term cash, including the difference between a cash advance on credit and a payday-style advance.

The density figure for Mississaugas of Scugog Island, 48.6 people per square kilometre, is calculated from the population and land area above.

Mississaugas of Scugog Island appears in the census record with 125 residents, and the density of 48.6 people per square kilometre follows from it.

Mississaugas of Scugog Island is one of 527 covered Ontario places, counted at 125 residents with a land area of 2.6 square kilometres.

Mississaugas of Scugog Island ranks 518 by 2021 Census population among the covered places in Ontario.

For Mississaugas of Scugog Island, the two census fields above are the only local statistics used anywhere on the page.

At 125 residents in the 2021 Census, Mississaugas of Scugog Island is listed alongside the other covered places in Ontario.

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

Mississaugas of Scugog Island sits at rank 518 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

The land area recorded for Mississaugas of Scugog Island is 2.6 square kilometres, and the population is 125 residents in the 2021 Census.

The Mississaugas of Scugog Island 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.

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.