Borrowing in Rainy Lake 18C, Ontario

Rainy Lake 18C, Ontario, recorded a population of 125 in the 2021 Census; the rules that govern a loan signed there are provincial.

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) 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.

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

The census figures for Rainy Lake 18C

Population for Rainy Lake 18C stands at 125 in the 2021 Census. The community covers 17.9 square kilometres of land.

Population divided by land area produces a density of 7.0 people per square kilometre.

By population it ranks 520 among the Ontario places covered here.

Within Ontario, Rainy Lake 18C is place number 520 by population in this census set, at 125 residents.

Products compared here

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

• 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.

How borrowing works locally

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

Adding a co-signer puts a second file in front of the lender and adds a second person to the obligation. A credit file is compiled by private agencies from information lenders and other creditors report.

Rainy Lake 18C appears in the census record with 125 residents, and the density of 7.0 people per square kilometre follows from it.

The density figure for Rainy Lake 18C, 7.0 people per square kilometre, is calculated from the population and land area above.

Rainy Lake 18C is one of 527 covered Ontario places, counted at 125 residents with a land area of 17.9 square kilometres.

Readers comparing Rainy Lake 18C with another community can use the same four census fields.

Rainy Lake 18C sits at rank 520 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

For Rainy Lake 18C, the two census fields above are the only local statistics used anywhere on the page.

Nothing on the Rainy Lake 18C page is estimated; the population and land area come from Statistics Canada's 2021 Census of Population.

The land area recorded for Rainy Lake 18C is 17.9 square kilometres, and the population is 125 residents in the 2021 Census.

At 125 residents in the 2021 Census, Rainy Lake 18C is listed alongside the other covered places in Ontario.

The Rainy Lake 18C page follows the same structure as every other place page, with population, land area, density and rank.

Rainy Lake 18C ranks 520 by 2021 Census population among the covered places in Ontario.

Where a figure for Rainy Lake 18C 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.

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.

The same structure is used for every place covered, so two communities can be compared field by field: population, land area, density, rank, and the provincial rules.