Borrowing in Wainfleet, Ontario

Wainfleet, Ontario, recorded a population of 6,887 in the 2021 Census; the rules that govern a loan signed there are provincial.

The Ontario rules that apply

Consumer credit in Ontario is licensed by the provincial or territorial regulator, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators.

A payday advance in Ontario falls under a provincial licensing regime, and the cost of borrowing is capped at $14 per $100 advanced according to the federal Payday Lending Regulations (SOR/2024-114).

Places in the lower-middle band group smaller towns and municipalities under the same provincial framework.

The census figures for Wainfleet

The 2021 Census counted 6,887 residents in Wainfleet. Its land area is 217.5 square kilometres.

The arithmetic gives 31.7 people per square kilometre.

The community is the 206th largest place in the province within this census set.

The place record for Wainfleet covers 217.5 square kilometres and 6,887 residents, a density of 31.7 people per square kilometre.

Products compared here

Each product below has its own page, and the Ontario position applies to all of them.

• Mortgage loans: Borrowing against residential property, including how a federally regulated lender tests the file.
• Debt relief programs: The formal and informal routes out of unmanageable debt in Canada, and who is licensed to run them.

How borrowing works locally

A payday advance is repaid on a pay date, while an instalment loan is repaid over a set number of payments.

Interest on a line of credit accrues only on the drawn portion, not on the unused limit. A mortgage is registered against the property, which is what gives the lender its claim.

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

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

Wainfleet sits at rank 206 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

Wainfleet is one of 527 covered Ontario places, counted at 6,887 residents with a land area of 217.5 square kilometres.

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

Wainfleet ranks 206 by 2021 Census population among the covered places in Ontario.

Wainfleet appears in the census record with 6,887 residents, and the density of 31.7 people per square kilometre follows from it.

The density figure for Wainfleet, 31.7 people per square kilometre, is calculated from the population and land area above.

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

The land area recorded for Wainfleet is 217.5 square kilometres, and the population is 6,887 residents in the 2021 Census.

At 6,887 residents in the 2021 Census, Wainfleet is listed alongside the other covered places in Ontario.

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

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).

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