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Borrowing in Sault Ste. Marie, Ontario

Population 72,051, land area 222.0 square kilometres: the census facts for Sault Ste. Marie, plus how consumer credit is regulated in Ontario.

Province Ontario (ON)
Population, 2021 Census 72,051
Land area 222.0 km²
Provincial regulator See the FCAC list

This page covers borrowing in Sault Ste. Marie, Ontario: the census facts, the provincial rules, and the products people compare.

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.

Payday lending is licensed in Ontario; the federal Payday Lending Regulations (SOR/2024-114) publish a cap of $14 per $100 advanced, and notes that a province may set a lower figure.

This is a mid-sized community in the middle band, which the site treats with the same provincial rulebook.

How borrowing works locally

Debt management plans are administered by accredited credit counsellors, and they are not loans.

A secured product gives the lender a claim on a named asset, which is why its price is usually lower than an unsecured equivalent. A lender's assessment looks at income, existing obligations, the credit file, and the asset pledged where there is one.

The census figures for Sault Ste. Marie

Statistics Canada's 2021 Census gives Sault Ste. Marie a population of 72,051. 222.0 square kilometres of land are attributed to Sault Ste. Marie.

The calculated density is 324.6 people per square kilometre.

Among covered Ontario places, Sault Ste. Marie sits at rank 35 by population.

Sault Ste. Marie therefore appears at rank 35 of 527 covered Ontario places, with a density of 324.6 people per square kilometre.

Products compared here

Among the 20 products compared here, these two are commonly used for the purposes described.

  • 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.

The land area recorded for Sault Ste. Marie is 222.0 square kilometres, and the population is 72,051 residents in the 2021 Census.

The density figure for Sault Ste. Marie, 324.6 people per square kilometre, is calculated from the population and land area above.

Sault Ste. Marie ranks 35 by 2021 Census population among the covered places in Ontario.

Sault Ste. Marie appears in the census record with 72,051 residents, and the density of 324.6 people per square kilometre follows from it.

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

Readers comparing Sault Ste. Marie with another community can use the same four census fields.

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

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

Sault Ste. Marie sits at rank 35 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

For Sault Ste. Marie, 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.

Nothing here is an offer, and no page on this site can tell anyone what a lender will decide.

Population and land area: Statistics Canada, Census of Population 2021, table 98-10-0002.

Borrowing in Sault Ste. Marie

Personal loans A fixed sum repaid on a schedule, usually unsecured, for almost any purpose a lender will accept. Bad credit loans Borrowing when the credit file is damaged, and what changes about price and security as a result. No credit check loans What lenders who advertise without a credit check actually look at instead, and where the cost goes. Lines of credit A revolving limit you draw on and repay, usually paying interest only on what is outstanding. Unsecured loans Borrowing with no asset pledged, priced for the risk the lender is taking on your file alone. Secured loans Borrowing against an asset, which lowers the price but puts the asset at risk if you default. Car loans Financing a vehicle, including the effect of trade-in equity, negative equity and dealer-arranged credit. Mortgage loans Borrowing against residential property, including how a federally regulated lender tests the file. Home equity loans Converting property equity into credit, and the difference between a lump sum and a revolving limit. Mortgage refinancing Replacing an existing mortgage to change the rate, the term or the amount borrowed, and what it costs. Home renovation loans Paying for work on a property, from a small unsecured instalment loan to a secured renovation product. Business loans Commercial borrowing, what lenders read in a business file, and how the assessment differs from personal credit. Business lines of credit A revolving operating limit for a business, and why it behaves differently from a term loan. Debt consolidation loans Replacing several expensive debts with one payment, and the arithmetic that decides whether it helps. Debt relief programs The formal and informal routes out of unmanageable debt in Canada, and who is licensed to run them. Payday loans Small, short-term advances against a pay date, the most tightly regulated product in Canadian consumer credit. Cash advance loans Immediate short-term cash, including the difference between a cash advance on credit and a payday-style advance. Emergency loans Money for an urgent expense, and the order in which a sensible borrower works through the options. Instalment loans A fixed number of fixed payments, sized larger and longer than a payday advance. Collateral loans Borrowing against an asset a lender will hold, from vehicles to savings, and what happens on default.

Nearby places

Toronto 2,794,356 Ottawa 1,017,449 Mississauga 717,961 Brampton 656,480 Hamilton 569,353 London 422,324

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