Borrowing in Southwest Middlesex, Ontario

With 5,893 residents counted in the 2021 Census, Southwest Middlesex sits inside Ontario's provincial lending framework.

The Ontario rules that apply

The body that licenses consumer lending in Ontario is the regulator named on the federal Payday Lending Regulations (SOR/2024-114)'s list of provincial and territorial regulators.

In Ontario, payday lending operates under a licensed provincial regime, and the federal Payday Lending Regulations (SOR/2024-114) record a maximum cost of borrowing of $14 for each $100 advanced under SOR/2024-114.

This community sits in the lower-middle population band, which changes the census figures rather than the rules.

The census figures for Southwest Middlesex

Southwest Middlesex recorded a population of 5,893 in Statistics Canada's 2021 Census of Population. The community covers 427.8 square kilometres of land.

Dividing population by land area gives 13.8 residents per square kilometre, rounded to one decimal place.

Its provincial population rank is 218 within this data set.

Southwest Middlesex therefore appears at rank 218 of 527 covered Ontario places, with a density of 13.8 people per square kilometre.

Products compared here

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

• Emergency loans: Money for an urgent expense, and the order in which a sensible borrower works through the options.
• Unsecured loans: Borrowing with no asset pledged, priced for the risk the lender is taking on your file alone.

How borrowing works locally

Joint applications combine two incomes and two sets of obligations in the same assessment.

A shorter term raises each payment and lowers the total interest, which is the trade every schedule makes. A lender's assessment looks at income, existing obligations, the credit file, and the asset pledged where there is one.

The density figure for Southwest Middlesex, 13.8 people per square kilometre, is calculated from the population and land area above.

Southwest Middlesex ranks 218 by 2021 Census population among the covered places in Ontario.

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

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

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

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

At 5,893 residents in the 2021 Census, Southwest Middlesex is listed alongside the other covered places in Ontario.

Southwest Middlesex sits at rank 218 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

The land area recorded for Southwest Middlesex is 427.8 square kilometres, and the population is 5,893 residents in the 2021 Census.

Southwest Middlesex appears in the census record with 5,893 residents, and the density of 13.8 people per square kilometre follows from it.

Southwest Middlesex is one of 527 covered Ontario places, counted at 5,893 residents with a land area of 427.8 square kilometres.

For Southwest Middlesex, 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.

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).

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.