Borrowing in Niagara-on-the-Lake, Ontario

With 19,088 residents counted in the 2021 Census, Niagara-on-the-Lake sits inside Ontario's provincial lending framework.

The census figures for Niagara-on-the-Lake

In the 2021 Census, Niagara-on-the-Lake had 19,088 residents. Statistics Canada lists 131.3 square kilometres of land for the community.

The calculated density is 145.3 people per square kilometre.

By population it ranks 91 among the Ontario places covered here.

Within Ontario, Niagara-on-the-Lake is place number 91 by population in this census set, at 19,088 residents.

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.

The federal payday lending regulations, SOR/2024-114, cap the cost of borrowing at $14 per $100 advanced in Ontario, which the federal Payday Lending Regulations (SOR/2024-114) list as a province that regulates the product.

In the lower-middle band, pages carry the census figures for the place and the same provincial lending position as larger centres.

How borrowing works locally

Payment history is reported to credit agencies, and that record is what builds or damages a credit file over time.

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 is free to set its own price below the legal ceiling, and it does so according to the risk it reads in the file.

Products compared here

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

• Instalment loans: A fixed number of fixed payments, sized larger and longer than a payday advance.
• Secured loans: Borrowing against an asset, which lowers the price but puts the asset at risk if you default.

Niagara-on-the-Lake appears in the census record with 19,088 residents, and the density of 145.3 people per square kilometre follows from it.

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

At 19,088 residents in the 2021 Census, Niagara-on-the-Lake is listed alongside the other covered places in Ontario.

Readers comparing Niagara-on-the-Lake with another community can use the same four census fields.

Niagara-on-the-Lake sits at rank 91 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

Where a figure for Niagara-on-the-Lake could not be verified, the page names the publisher instead of printing a number.

Niagara-on-the-Lake is one of 527 covered Ontario places, counted at 19,088 residents with a land area of 131.3 square kilometres.

The Niagara-on-the-Lake page follows the same structure as every other place page, with population, land area, density and rank.

Niagara-on-the-Lake ranks 91 by 2021 Census population among the covered places in Ontario.

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

The density figure for Niagara-on-the-Lake, 145.3 people per square kilometre, is calculated from the population and land area above.

The land area recorded for Niagara-on-the-Lake is 131.3 square kilometres, and the population is 19,088 residents in the 2021 Census.

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).

Compare the disclosure on any agreement against the provincial ceiling, and treat the census figures as the only local statistics on the page.