Borrowing in Pickering, Ontario

Pickering is one of the Ontario communities covered here, with a 2021 Census population of 99,186, and borrowing there is licensed under Ontario's consumer credit rules.

The Ontario rules that apply

The body that licenses consumer lending in Ontario is the regulator named on the federal Payday Lending Regulations (SOR/2024-114)'s 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.

In the middle band, the community is grouped with comparable places here, and the rules stay provincial.

How borrowing works locally

Interest on a line of credit accrues only on the drawn portion, not on the unused limit.

A mortgage is registered against the property, which is what gives the lender its claim. Debt management plans are administered by accredited credit counsellors, and they are not loans.

The census figures for Pickering

The 2021 Census counted 99,186 residents in Pickering. 231.1 square kilometres of land are attributed to Pickering.

Dividing population by land area gives 429.2 residents per square kilometre, rounded to one decimal place.

Its provincial population rank is 29 within this data set.

Pickering sits at rank 29 among the 527 Ontario places here, with 99,186 residents in the 2021 Census.

Products compared here

Two of the 20 covered products appear below, each with the purpose the product is designed for.

• Instalment loans: A fixed number of fixed payments, sized larger and longer than a payday advance.
• Secured loans: Borrowing against an asset, which lowers the price but puts the asset at risk if you default.

Pickering is one of 527 covered Ontario places, counted at 99,186 residents with a land area of 231.1 square kilometres.

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

At 99,186 residents in the 2021 Census, Pickering is listed alongside the other covered places in Ontario.

The land area recorded for Pickering is 231.1 square kilometres, and the population is 99,186 residents in the 2021 Census.

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

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

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

Pickering sits at rank 29 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

Pickering ranks 29 by 2021 Census population among the covered places in Ontario.

The density figure for Pickering, 429.2 people per square kilometre, is calculated from the population and land area above.

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

Pickering appears in the census record with 99,186 residents, and the density of 429.2 people per square kilometre follows from it.

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

Census figures are from Statistics Canada's 2021 Census of Population, and the payday position is taken from the federal Payday Lending Regulations (SOR/2024-114).

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