Borrowing in Abercorn, Quebec

Abercorn is one of the Quebec communities covered here, with a 2021 Census population of 341, and borrowing there is licensed under Quebec's consumer credit rules.

Products compared here

The product pages behind this city cover the following borrowing categories, among the 20 products compared nationally.

• 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.

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 shorter term raises each payment and lowers the total interest, which is the trade every schedule makes. Variable-rate products move with a reference rate, while fixed-rate products set the price for a defined term.

The Quebec rules that apply

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

For Quebec, the federal Payday Lending Regulations (SOR/2024-114) record that payday lending is not licensed, so the cost limit should be confirmed with the provincial regulator.

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

The census figures for Abercorn

Statistics Canada's 2021 Census gives Abercorn a population of 341. Its land area is 26.7 square kilometres.

On those two figures, density is 12.8 residents per square kilometre when rounded to one decimal place.

Its provincial population rank is 1032 within this data set.

Abercorn therefore appears at rank 1032 of 1150 covered Quebec places, with a density of 12.8 people per square kilometre.

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

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

At 341 residents in the 2021 Census, Abercorn is listed alongside the other covered places in Quebec.

The density figure for Abercorn, 12.8 people per square kilometre, is calculated from the population and land area above.

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

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

Abercorn sits at rank 1032 within Quebec in this data set, and the provincial rules apply as they do elsewhere.

Abercorn appears in the census record with 341 residents, and the density of 12.8 people per square kilometre follows from it.

Abercorn ranks 1032 by 2021 Census population among the covered places in Quebec.

The land area recorded for Abercorn is 26.7 square kilometres, and the population is 341 residents in the 2021 Census.

Abercorn is one of 1150 covered Quebec places, counted at 341 residents with a land area of 26.7 square kilometres.

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

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.

Compare the disclosure on any agreement against the provincial ceiling, and treat the census figures as the only local statistics on the page.