Borrowing in Powassan, Ontario

Powassan is one of the Ontario communities covered here, with a 2021 Census population of 3,346, and borrowing there is licensed under Ontario's consumer credit rules.

The census figures for Powassan

3,346 people were counted in Powassan in the 2021 Census. 223.3 square kilometres of land are attributed to Powassan.

Dividing population by land area gives 15.0 residents per square kilometre, rounded to one decimal place.

Among covered Ontario places, Powassan sits at rank 266 by population.

Powassan sits at rank 266 among the 527 Ontario places here, with 3,346 residents in the 2021 Census.

The Ontario rules that apply

The regulator for consumer credit in Ontario is the body listed by the federal Payday Lending Regulations (SOR/2024-114) provincial and territorial regulators.

The federal Payday Lending Regulations (SOR/2024-114) count Ontario among the provinces with payday lending rules, where the published maximum cost of borrowing is $14 per $100 advanced under SOR/2024-114.

At the small end of the census range, the community still borrows inside the province's licensing system.

How borrowing works locally

A deposit or trade-in reduces the amount financed and therefore the interest charged over the term.

A broker arranges credit but does not lend, and the lender remains the party that makes the decision. A consumer proposal or a bankruptcy is administered by a licensed insolvency trustee rather than by a lender.

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.

• 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.

Powassan ranks 266 by 2021 Census population among the covered places in Ontario.

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

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

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

Powassan appears in the census record with 3,346 residents, and the density of 15.0 people per square kilometre follows from it.

Powassan sits at rank 266 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

The land area recorded for Powassan is 223.3 square kilometres, and the population is 3,346 residents in the 2021 Census.

At 3,346 residents in the 2021 Census, Powassan is listed alongside the other covered places in Ontario.

Powassan is one of 527 covered Ontario places, counted at 3,346 residents with a land area of 223.3 square kilometres.

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

The density figure for Powassan, 15.0 people per square kilometre, is calculated from the population and land area above.

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

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.