Borrowing in Nipigon, Ontario

This page covers borrowing in Nipigon, 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.

A payday advance in Ontario falls under a provincial licensing regime, and the cost of borrowing is capped at $14 per $100 advanced according to the federal Payday Lending Regulations (SOR/2024-114).

Places in the smallest population band are grouped here as small communities, and the pages carry the same census fields and the same provincial rules as the largest city.

The census figures for Nipigon

Population for Nipigon stands at 1,473 in the 2021 Census. The census records a land area of 107.9 square kilometres for Nipigon.

Dividing population by land area gives 13.6 residents per square kilometre, rounded to one decimal place.

The community is the 327th largest place in the province within this census set.

Nipigon therefore appears at rank 327 of 527 covered Ontario places, with a density of 13.6 people per square kilometre.

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 payday advance is repaid on a pay date, while an instalment loan is repaid over a set number of payments.

A consumer proposal or a bankruptcy is administered by a licensed insolvency trustee rather than by a lender. A lender may ask for proof of address, and a permanent address is a standard requirement for consumer credit.

Nipigon sits at rank 327 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

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

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

Nipigon is one of 527 covered Ontario places, counted at 1,473 residents with a land area of 107.9 square kilometres.

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

At 1,473 residents in the 2021 Census, Nipigon is listed alongside the other covered places in Ontario.

Nipigon appears in the census record with 1,473 residents, and the density of 13.6 people per square kilometre follows from it.

The density figure for Nipigon, 13.6 people per square kilometre, is calculated from the population and land area above.

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

The land area recorded for Nipigon is 107.9 square kilometres, and the population is 1,473 residents in the 2021 Census.

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

Nipigon ranks 327 by 2021 Census population among the covered places in Ontario.

loanmoose.ca is not a lender and does not make credit decisions. The lowest rates are only available to the most qualified applicants.

Statistics Canada's 2021 Census of Population supplies the population and land-area figures, and the federal Payday Lending Regulations (SOR/2024-114) supply the payday position.

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