Borrowing in Parry Island First Nation, Ontario

Parry Island First Nation, Ontario, recorded a population of 367 in the 2021 Census; the rules that govern a loan signed there are provincial.

The census figures for Parry Island First Nation

Statistics Canada's 2021 Census gives Parry Island First Nation a population of 367. The census records a land area of 71.3 square kilometres for Parry Island First Nation.

Dividing population by land area gives 5.1 residents per square kilometre, rounded to one decimal place.

The community is the 456th largest place in the province within this census set.

Within Ontario, Parry Island First Nation is place number 456 by population in this census set, at 367 residents.

Products compared here

Each product below has its own page, and the Ontario position applies to all of them.

• 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.

The Ontario rules that apply

Consumer credit in Ontario is licensed by the provincial or territorial regulator, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators.

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.

This is a small community by population, inside the lowest band used on this site, and the provincial framework applies without variation.

How borrowing works locally

Adding a co-signer puts a second file in front of the lender and adds a second person to the obligation.

A longer amortisation lowers each payment and raises the total interest paid over the life of the loan. A revolving product charges interest on the outstanding balance, while an instalment product charges a fixed schedule of payments.

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

Where a figure for Parry Island First Nation could not be verified, the page names the publisher instead of printing a number.

The density figure for Parry Island First Nation, 5.1 people per square kilometre, is calculated from the population and land area above.

Parry Island First Nation ranks 456 by 2021 Census population among the covered places in Ontario.

Parry Island First Nation is one of 527 covered Ontario places, counted at 367 residents with a land area of 71.3 square kilometres.

At 367 residents in the 2021 Census, Parry Island First Nation is listed alongside the other covered places in Ontario.

Parry Island First Nation appears in the census record with 367 residents, and the density of 5.1 people per square kilometre follows from it.

Parry Island First Nation sits at rank 456 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

Readers comparing Parry Island First Nation with another community can use the same four census fields.

The land area recorded for Parry Island First Nation is 71.3 square kilometres, and the population is 367 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.

Population and land area figures come from Statistics Canada's 2021 Census of Population; regulatory statements are attributed to 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.