Borrowing in The North Shore, Ontario

The North Shore is one of the Ontario communities covered here, with a 2021 Census population of 531, and borrowing there is licensed under Ontario's consumer credit rules.

The census figures for The North Shore

531 people were counted in The North Shore in the 2021 Census. The census records a land area of 230.2 square kilometres for The North Shore.

Population divided by land area produces a density of 2.3 people per square kilometre.

Its provincial population rank is 422 within this data set.

The North Shore is one of 527 places listed for Ontario, ranked 422 by population and measured at 230.2 square kilometres.

The Ontario rules that apply

Licensing for consumer credit in Ontario sits with the province or territory, and the Financial Consumer Agency of Canada maintains the public list of provincial and territorial regulators.

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.

Small places are covered the same way as large ones: census figures for the place, and the provincial position on lending.

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

Products compared here

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

• Home equity loans: Converting property equity into credit, and the difference between a lump sum and a revolving limit.
• Payday loans: Small, short-term advances against a pay date, the most tightly regulated product in Canadian consumer credit.

At 531 residents in the 2021 Census, The North Shore is listed alongside the other covered places in Ontario.

The North Shore sits at rank 422 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

Readers comparing The North Shore with another community can use the same four census fields.

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

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

Where a figure for The North Shore could not be verified, the page names the publisher instead of printing a number.

The land area recorded for The North Shore is 230.2 square kilometres, and the population is 531 residents in the 2021 Census.

The North Shore is one of 527 covered Ontario places, counted at 531 residents with a land area of 230.2 square kilometres.

The North Shore ranks 422 by 2021 Census population among the covered places in Ontario.

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

The North Shore appears in the census record with 531 residents, and the density of 2.3 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.

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.