Borrowing in Opasatika, Ontario

A loan taken out in Opasatika is governed by Ontario's licensing rules, and the 2021 Census counted 200 people in the community.

The census figures for Opasatika

Population for Opasatika stands at 200 in the 2021 Census. Land area for Opasatika is 327.1 square kilometres in the same census.

That gives a density of 0.6 people per square kilometre, rounded to one decimal place.

Among covered Ontario places, Opasatika sits at rank 493 by population.

Compared with the other 527 covered Ontario places, Opasatika ranks 493 by population.

The Ontario rules that apply

Consumer lending in Ontario is licensed provincially or territorially, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators where the current position appears.

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.

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.

How borrowing works locally

An application usually asks for identification, income evidence, banking details and a statement of obligations.

A revolving product charges interest on the outstanding balance, while an instalment product charges a fixed schedule of payments. A provincial regulator publishes licensing requirements, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators.

Products compared here

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

• Personal loans: A fixed sum repaid on a schedule, usually unsecured, for almost any purpose a lender will accept.
• Mortgage loans: Borrowing against residential property, including how a federally regulated lender tests the file.

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

Opasatika sits at rank 493 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

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

The density figure for Opasatika, 0.6 people per square kilometre, is calculated from the population and land area above.

Opasatika is one of 527 covered Ontario places, counted at 200 residents with a land area of 327.1 square kilometres.

Opasatika ranks 493 by 2021 Census population among the covered places in Ontario.

Opasatika appears in the census record with 200 residents, and the density of 0.6 people per square kilometre follows from it.

The land area recorded for Opasatika is 327.1 square kilometres, and the population is 200 residents in the 2021 Census.

At 200 residents in the 2021 Census, Opasatika is listed alongside the other covered places in Ontario.

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

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

Readers comparing Opasatika 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.

Lending rules change, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators where the current position is confirmed.