Compare loans

Borrowing in Timmins, Ontario

Timmins, Ontario: 41,145 residents in the 2021 Census, 2955.3 square kilometres of land, and the provincial lending rules that apply across Ontario.

Province Ontario (ON)
Population, 2021 Census 41,145
Land area 2955.3 km²
Provincial regulator See the FCAC list

A loan taken out in Timmins is governed by Ontario's licensing rules, and the 2021 Census counted 41,145 people in the community.

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.

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

How borrowing works locally

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

A lender may ask for proof of address, and a permanent address is a standard requirement for consumer credit. A consumer proposal or a bankruptcy is administered by a licensed insolvency trustee rather than by a lender.

The census figures for Timmins

41,145 people were counted in Timmins in the 2021 Census. Statistics Canada lists 2955.3 square kilometres of land for the community.

On those two figures, density is 13.9 residents per square kilometre when rounded to one decimal place.

By population it ranks 53 among the Ontario places covered here.

The place record for Timmins covers 2955.3 square kilometres and 41,145 residents, a density of 13.9 people per square kilometre.

Products compared here

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

  • Instalment loans: A fixed number of fixed payments, sized larger and longer than a payday advance.
  • Secured loans: Borrowing against an asset, which lowers the price but puts the asset at risk if you default.

Timmins ranks 53 by 2021 Census population among the covered places in Ontario.

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

At 41,145 residents in the 2021 Census, Timmins is listed alongside the other covered places in Ontario.

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

The land area recorded for Timmins is 2955.3 square kilometres, and the population is 41,145 residents in the 2021 Census.

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

Timmins is one of 527 covered Ontario places, counted at 41,145 residents with a land area of 2955.3 square kilometres.

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

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

The density figure for Timmins, 13.9 people per square kilometre, is calculated from the population and land area above.

Timmins sits at rank 53 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

Timmins appears in the census record with 41,145 residents, and the density of 13.9 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.

The 2021 Census of Population published by Statistics Canada is the source for population and land area; the federal Payday Lending Regulations (SOR/2024-114) are the source for payday rules.

The provincial rules apply wherever a borrower is in Ontario; a municipal boundary does not change them.

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

Borrowing in Timmins

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

Frequently asked questions

Related

Compare loan offers

Compare options from Canadian lending partners. We are not a lender and we do not make credit decisions.

See partner options

Advertising disclosure: loanmoose.ca may receive a referral fee if you continue through a partner link. That fee does not change the rate you are offered and it does not change what we publish. We are not a lender. Read the full disclosure.