Borrowing in Wapekeka 2, Ontario

A loan taken out in Wapekeka 2 is governed by Ontario's licensing rules, and the 2021 Census counted 456 people in the community.

The census figures for Wapekeka 2

The 2021 Census counted 456 residents in Wapekeka 2. Its land area is 27.2 square kilometres.

Population divided by land area produces a density of 16.8 people per square kilometre.

By population it ranks 434 among the Ontario places covered here.

Compared with the other 527 covered Ontario places, Wapekeka 2 ranks 434 by population.

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.

Communities of this size are listed here with population, land area and density, and the lending rules remain provincial.

How borrowing works locally

A deposit or trade-in reduces the amount financed and therefore the interest charged over the term.

A lender is free to set its own price below the legal ceiling, and it does so according to the risk it reads in the file. A longer amortisation lowers each payment and raises the total interest paid over the life of the loan.

Products compared here

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

• Business lines of credit: A revolving operating limit for a business, and why it behaves differently from a term loan.
• Collateral loans: Borrowing against an asset a lender will hold, from vehicles to savings, and what happens on default.

Wapekeka 2 is one of 527 covered Ontario places, counted at 456 residents with a land area of 27.2 square kilometres.

Nothing on the Wapekeka 2 page is estimated; the population and land area come from Statistics Canada's 2021 Census of Population.

The density figure for Wapekeka 2, 16.8 people per square kilometre, is calculated from the population and land area above.

For Wapekeka 2, the two census fields above are the only local statistics used anywhere on the page.

The Wapekeka 2 page follows the same structure as every other place page, with population, land area, density and rank.

Wapekeka 2 appears in the census record with 456 residents, and the density of 16.8 people per square kilometre follows from it.

Wapekeka 2 sits at rank 434 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

The land area recorded for Wapekeka 2 is 27.2 square kilometres, and the population is 456 residents in the 2021 Census.

At 456 residents in the 2021 Census, Wapekeka 2 is listed alongside the other covered places in Ontario.

Readers comparing Wapekeka 2 with another community can use the same four census fields.

Where a figure for Wapekeka 2 could not be verified, the page names the publisher instead of printing a number.

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.

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