Borrowing in Sagamok, Ontario

Sagamok is one of the Ontario places covered here, with 1,110 residents recorded in the 2021 Census and the same provincial rulebook as the rest of the province.

The Ontario rules that apply

Provincial or territorial law decides who may lend in Ontario, and the Financial Consumer Agency of Canada publishes the list that names the regulator responsible.

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.

Communities of this size are listed here with population, land area and density, and the lending rules remain provincial.

The census figures for Sagamok

Statistics Canada's 2021 Census gives Sagamok a population of 1,110. Land area for Sagamok is 96.8 square kilometres in the same census.

On those two figures, density is 11.5 residents per square kilometre when rounded to one decimal place.

The community is the 345th largest place in the province within this census set.

The place record for Sagamok covers 96.8 square kilometres and 1,110 residents, a density of 11.5 people per square kilometre.

Products compared here

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

• 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

Provincial licensing decides who may lend, and federal rules add a ceiling where a licensed payday regime exists.

A secured product gives the lender a claim on a named asset, which is why its price is usually lower than an unsecured equivalent. Joint applications combine two incomes and two sets of obligations in the same assessment.

Sagamok appears in the census record with 1,110 residents, and the density of 11.5 people per square kilometre follows from it.

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

Sagamok ranks 345 by 2021 Census population among the covered places in Ontario.

The land area recorded for Sagamok is 96.8 square kilometres, and the population is 1,110 residents in the 2021 Census.

The density figure for Sagamok, 11.5 people per square kilometre, is calculated from the population and land area above.

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

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

At 1,110 residents in the 2021 Census, Sagamok is listed alongside the other covered places in Ontario.

Sagamok sits at rank 345 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

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

Sagamok is one of 527 covered Ontario places, counted at 1,110 residents with a land area of 96.8 square kilometres.

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).

Compare the disclosure on any agreement against the provincial ceiling, and treat the census figures as the only local statistics on the page.