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Borrowing in New Credit (Part) 40A, Ontario

New Credit (Part) 40A is one of the Ontario communities covered here, with 609 people counted in the 2021 Census; this page sets out the local facts and the provincial lending position.

Province Ontario (ON)
Population, 2021 Census 609
Land area 20.1 km²
Provincial regulator See the FCAC list

New Credit (Part) 40A is one of the Ontario communities covered here, with a 2021 Census population of 609, and borrowing there is licensed under Ontario's consumer credit rules.

The census figures for New Credit (Part) 40A

New Credit (Part) 40A recorded a population of 609 in Statistics Canada's 2021 Census of Population. Its land area is 20.1 square kilometres.

On those two figures, density is 30.3 residents per square kilometre when rounded to one decimal place.

Its provincial population rank is 408 within this data set.

Compared with the other 527 covered Ontario places, New Credit (Part) 40A ranks 408 by population.

Products compared here

The product pages behind this city cover the following borrowing categories, among the 20 products compared nationally.

  • 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 Ontario rules that apply

Licensing for consumer credit in Ontario sits with the province or territory, and the Financial Consumer Agency of Canada maintains the public 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.

The lowest band groups villages, rural municipalities and small towns, all read against the same provincial rulebook.

How borrowing works locally

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

Provincial licensing decides who may lend, and federal rules add a ceiling where a licensed payday regime exists. Debt management plans are administered by accredited credit counsellors, and they are not loans.

The density figure for New Credit (Part) 40A, 30.3 people per square kilometre, is calculated from the population and land area above.

Readers comparing New Credit (Part) 40A with another community can use the same four census fields.

New Credit (Part) 40A sits at rank 408 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

Nothing on the New Credit (Part) 40A page is estimated; the population and land area come from Statistics Canada's 2021 Census of Population.

The New Credit (Part) 40A page follows the same structure as every other place page, with population, land area, density and rank.

The land area recorded for New Credit (Part) 40A is 20.1 square kilometres, and the population is 609 residents in the 2021 Census.

New Credit (Part) 40A ranks 408 by 2021 Census population among the covered places in Ontario.

For New Credit (Part) 40A, the two census fields above are the only local statistics used anywhere on the page.

New Credit (Part) 40A appears in the census record with 609 residents, and the density of 30.3 people per square kilometre follows from it.

Where a figure for New Credit (Part) 40A could not be verified, the page names the publisher instead of printing a number.

New Credit (Part) 40A is one of 527 covered Ontario places, counted at 609 residents with a land area of 20.1 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).

Nothing here is an offer, and no page on this site can tell anyone what a lender will decide.

Population and land area: Statistics Canada, Census of Population 2021, table 98-10-0002.

Borrowing in New Credit (Part) 40A

Personal loans A fixed sum repaid on a schedule, usually unsecured, for almost any purpose a lender will accept. Bad credit loans Borrowing when the credit file is damaged, and what changes about price and security as a result. No credit check loans What lenders who advertise without a credit check actually look at instead, and where the cost goes. Lines of credit A revolving limit you draw on and repay, usually paying interest only on what is outstanding. Unsecured loans Borrowing with no asset pledged, priced for the risk the lender is taking on your file alone. Secured loans Borrowing against an asset, which lowers the price but puts the asset at risk if you default. Car loans Financing a vehicle, including the effect of trade-in equity, negative equity and dealer-arranged credit. Mortgage loans Borrowing against residential property, including how a federally regulated lender tests the file. Home equity loans Converting property equity into credit, and the difference between a lump sum and a revolving limit. Mortgage refinancing Replacing an existing mortgage to change the rate, the term or the amount borrowed, and what it costs. Home renovation loans Paying for work on a property, from a small unsecured instalment loan to a secured renovation product. Business loans Commercial borrowing, what lenders read in a business file, and how the assessment differs from personal credit. Business lines of credit A revolving operating limit for a business, and why it behaves differently from a term loan. Debt consolidation loans Replacing several expensive debts with one payment, and the arithmetic that decides whether it helps. Debt relief programs The formal and informal routes out of unmanageable debt in Canada, and who is licensed to run them. Payday loans Small, short-term advances against a pay date, the most tightly regulated product in Canadian consumer credit. Cash advance loans Immediate short-term cash, including the difference between a cash advance on credit and a payday-style advance. Emergency loans Money for an urgent expense, and the order in which a sensible borrower works through the options. Instalment loans A fixed number of fixed payments, sized larger and longer than a payday advance. Collateral loans Borrowing against an asset a lender will hold, from vehicles to savings, and what happens on default.

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