Borrowing in North Huron, Ontario

A loan taken out in North Huron is governed by Ontario's licensing rules, and the 2021 Census counted 5,052 people in the community.

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.

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).

The lower-middle band covers towns of moderate size, none of which sets its own lending rules.

The census figures for North Huron

Population for North Huron stands at 5,052 in the 2021 Census. 179.0 square kilometres of land are attributed to North Huron.

Population divided by land area produces a density of 28.2 people per square kilometre.

The 2021 Census population places it at rank 230 in the province.

North Huron is one of 527 places listed for Ontario, ranked 230 by population and measured at 179.0 square kilometres.

Products compared here

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

• Lines of credit: A revolving limit you draw on and repay, usually paying interest only on what is outstanding.
• Home renovation loans: Paying for work on a property, from a small unsecured instalment loan to a secured renovation product.

How borrowing works locally

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.

A consumer proposal or a bankruptcy is administered by a licensed insolvency trustee rather than by a lender. A lender's assessment looks at income, existing obligations, the credit file, and the asset pledged where there is one.

The land area recorded for North Huron is 179.0 square kilometres, and the population is 5,052 residents in the 2021 Census.

North Huron is one of 527 covered Ontario places, counted at 5,052 residents with a land area of 179.0 square kilometres.

At 5,052 residents in the 2021 Census, North Huron is listed alongside the other covered places in Ontario.

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

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

North Huron sits at rank 230 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

North Huron appears in the census record with 5,052 residents, and the density of 28.2 people per square kilometre follows from it.

The density figure for North Huron, 28.2 people per square kilometre, is calculated from the population and land area above.

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

North Huron ranks 230 by 2021 Census population among the covered places in Ontario.

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

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.

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