Borrowing in Richmond Hill, Ontario

Richmond Hill is one of the Ontario communities covered here, with a 2021 Census population of 202,022, 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) 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.

The upper-middle band covers substantial cities, each licensed under the same provincial framework.

The census figures for Richmond Hill

Population for Richmond Hill stands at 202,022 in the 2021 Census. The census records a land area of 100.8 square kilometres for Richmond Hill.

The arithmetic gives 2004.4 people per square kilometre.

The 2021 Census population places it at rank 12 in the province.

The place record for Richmond Hill covers 100.8 square kilometres and 202,022 residents, a density of 2004.4 people per square kilometre.

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.

• Debt relief programs: The formal and informal routes out of unmanageable debt in Canada, and who is licensed to run them.
• Bad credit loans: Borrowing when the credit file is damaged, and what changes about price and security as a result.

How borrowing works locally

A credit file is compiled by private agencies from information lenders and other creditors report.

A lender's assessment looks at income, existing obligations, the credit file, and the asset pledged where there is one. An application usually asks for identification, income evidence, banking details and a statement of obligations.

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

The density figure for Richmond Hill, 2004.4 people per square kilometre, is calculated from the population and land area above.

Richmond Hill ranks 12 by 2021 Census population among the covered places in Ontario.

Richmond Hill is one of 527 covered Ontario places, counted at 202,022 residents with a land area of 100.8 square kilometres.

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

At 202,022 residents in the 2021 Census, Richmond Hill is listed alongside the other covered places in Ontario.

The land area recorded for Richmond Hill is 100.8 square kilometres, and the population is 202,022 residents in the 2021 Census.

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

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

Richmond Hill sits at rank 12 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

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

Richmond Hill appears in the census record with 202,022 residents, and the density of 2004.4 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.

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.