Borrowing in New Tecumseth, Ontario

New Tecumseth is one of the Ontario places covered here, with 43,948 residents recorded in the 2021 Census and the same provincial rulebook as the rest of the province.

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.

The federal Payday Lending Regulations (SOR/2024-114) list Ontario among the provinces that regulate payday lending, where the federal Payday Lending Regulations (SOR/2024-114) cap the cost of borrowing at $14 per $100 advanced.

Mid-sized places carry the same product list and the same provincial position as the largest city in the province.

The census figures for New Tecumseth

New Tecumseth recorded a population of 43,948 in Statistics Canada's 2021 Census of Population. Its land area is 273.9 square kilometres.

The calculated density is 160.5 people per square kilometre.

The community is the 49th largest place in the province within this census set.

Within Ontario, New Tecumseth is place number 49 by population in this census set, at 43,948 residents.

Products compared here

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

• Cash advance loans: Immediate short-term cash, including the difference between a cash advance on credit and a payday-style advance.
• Lines of credit: A revolving limit you draw on and repay, usually paying interest only on what is outstanding.

How borrowing works locally

A provincial regulator publishes licensing requirements, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators.

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 lender may ask for proof of address, and a permanent address is a standard requirement for consumer credit.

The density figure for New Tecumseth, 160.5 people per square kilometre, is calculated from the population and land area above.

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

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

At 43,948 residents in the 2021 Census, New Tecumseth is listed alongside the other covered places in Ontario.

New Tecumseth sits at rank 49 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

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

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

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

The land area recorded for New Tecumseth is 273.9 square kilometres, and the population is 43,948 residents in the 2021 Census.

New Tecumseth ranks 49 by 2021 Census population among the covered places in Ontario.

New Tecumseth is one of 527 covered Ontario places, counted at 43,948 residents with a land area of 273.9 square kilometres.

New Tecumseth appears in the census record with 43,948 residents, and the density of 160.5 people per square kilometre follows from it.

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).

The provincial rules apply wherever a borrower is in Ontario; a municipal boundary does not change them.