Borrowing in Wikwemikong Unceded, Ontario

A loan taken out in Wikwemikong Unceded is governed by Ontario's licensing rules, and the 2021 Census counted 2,728 people in the community.

How borrowing works locally

Variable-rate products move with a reference rate, while fixed-rate products set the price for a defined term.

A revolving product charges interest on the outstanding balance, while an instalment product charges a fixed schedule of payments. A deposit or trade-in reduces the amount financed and therefore the interest charged over the term.

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.

The census figures for Wikwemikong Unceded

Statistics Canada's 2021 Census gives Wikwemikong Unceded a population of 2,728. The census records a land area of 409.0 square kilometres for Wikwemikong Unceded.

Dividing population by land area gives 6.7 residents per square kilometre, rounded to one decimal place.

Its provincial population rank is 286 within this data set.

Wikwemikong Unceded therefore appears at rank 286 of 527 covered Ontario places, with a density of 6.7 people per square kilometre.

The Ontario rules that apply

The body that licenses consumer lending in Ontario is the regulator named on the federal Payday Lending Regulations (SOR/2024-114)'s 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).

At the small end of the census range, the community still borrows inside the province's licensing system.

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

The land area recorded for Wikwemikong Unceded is 409.0 square kilometres, and the population is 2,728 residents in the 2021 Census.

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

Wikwemikong Unceded appears in the census record with 2,728 residents, and the density of 6.7 people per square kilometre follows from it.

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

At 2,728 residents in the 2021 Census, Wikwemikong Unceded is listed alongside the other covered places in Ontario.

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

Wikwemikong Unceded ranks 286 by 2021 Census population among the covered places in Ontario.

The density figure for Wikwemikong Unceded, 6.7 people per square kilometre, is calculated from the population and land area above.

Wikwemikong Unceded is one of 527 covered Ontario places, counted at 2,728 residents with a land area of 409.0 square kilometres.

Wikwemikong Unceded sits at rank 286 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

loanmoose.ca is not a lender and does not make credit decisions. The lowest rates are only available to the most qualified applicants.

Population and land area figures come from Statistics Canada's 2021 Census of Population; regulatory statements are attributed to the federal Payday Lending Regulations (SOR/2024-114).

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