Borrowing in Thessalon, Ontario

A loan taken out in Thessalon is governed by Ontario's licensing rules, and the 2021 Census counted 1,260 people in the community.

The census figures for Thessalon

In the 2021 Census, Thessalon had 1,260 residents. Statistics Canada lists 4.4 square kilometres of land for the community.

The calculated density is 287.7 people per square kilometre.

By population it ranks 336 among the Ontario places covered here.

Thessalon therefore appears at rank 336 of 527 covered Ontario places, with a density of 287.7 people per square kilometre.

Products compared here

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

• Personal loans: A fixed sum repaid on a schedule, usually unsecured, for almost any purpose a lender will accept.
• Mortgage loans: Borrowing against residential property, including how a federally regulated lender tests the file.

The Ontario rules that apply

The regulator for consumer credit in Ontario is the body listed by the federal Payday Lending Regulations (SOR/2024-114) 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.

Places in the smallest population band are grouped here as small communities, and the pages carry the same census fields and the same provincial rules as the largest city.

How borrowing works locally

Payment history is reported to credit agencies, and that record is what builds or damages a credit file over time.

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 consumer proposal or a bankruptcy is administered by a licensed insolvency trustee rather than by a lender.

The land area recorded for Thessalon is 4.4 square kilometres, and the population is 1,260 residents in the 2021 Census.

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

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

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

Thessalon sits at rank 336 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

At 1,260 residents in the 2021 Census, Thessalon is listed alongside the other covered places in Ontario.

Thessalon is one of 527 covered Ontario places, counted at 1,260 residents with a land area of 4.4 square kilometres.

Thessalon appears in the census record with 1,260 residents, and the density of 287.7 people per square kilometre follows from it.

The density figure for Thessalon, 287.7 people per square kilometre, is calculated from the population and land area above.

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

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

Thessalon ranks 336 by 2021 Census population among the covered places in Ontario.

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.