Borrowing in Pelee, Ontario

Pelee is one of the Ontario communities covered here, with a 2021 Census population of 230, and borrowing there is licensed under Ontario's consumer credit rules.

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.

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.

Small places are covered the same way as large ones: census figures for the place, and the provincial position on lending.

How borrowing works locally

A provincial regulator publishes licensing requirements, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators.

Provincial licensing decides who may lend, and federal rules add a ceiling where a licensed payday regime exists. A deposit or trade-in reduces the amount financed and therefore the interest charged over the term.

The census figures for Pelee

Population for Pelee stands at 230 in the 2021 Census. Land area for Pelee is 41.0 square kilometres in the same census.

The arithmetic gives 5.6 people per square kilometre.

Its provincial population rank is 487 within this data set.

Pelee is one of 527 places listed for Ontario, ranked 487 by population and measured at 41.0 square kilometres.

Products compared here

These are two of the 20 products described on the site, and each has a national page as well as the provincial rules.

• 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.

Pelee is one of 527 covered Ontario places, counted at 230 residents with a land area of 41.0 square kilometres.

At 230 residents in the 2021 Census, Pelee is listed alongside the other covered places in Ontario.

Pelee ranks 487 by 2021 Census population among the covered places in Ontario.

The land area recorded for Pelee is 41.0 square kilometres, and the population is 230 residents in the 2021 Census.

Pelee appears in the census record with 230 residents, and the density of 5.6 people per square kilometre follows from it.

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

The density figure for Pelee, 5.6 people per square kilometre, is calculated from the population and land area above.

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

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

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

Pelee sits at rank 487 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

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

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).

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