Borrowing in Chibougamau, Quebec

With 7,233 residents counted in the 2021 Census, Chibougamau sits inside Quebec's provincial lending framework.

How borrowing works locally

Joint applications combine two incomes and two sets of obligations in the same assessment.

A broker arranges credit but does not lend, and the lender remains the party that makes the decision. A lender may ask for proof of address, and a permanent address is a standard requirement for consumer credit.

Products compared here

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

• Mortgage refinancing: Replacing an existing mortgage to change the rate, the term or the amount borrowed, and what it costs.
• Cash advance loans: Immediate short-term cash, including the difference between a cash advance on credit and a payday-style advance.

The census figures for Chibougamau

Population for Chibougamau stands at 7,233 in the 2021 Census. 694.9 square kilometres of land are attributed to Chibougamau.

Dividing population by land area gives 10.4 residents per square kilometre, rounded to one decimal place.

The 2021 Census population places it at rank 142 in the province.

Chibougamau therefore appears at rank 142 of 1150 covered Quebec places, with a density of 10.4 people per square kilometre.

The Quebec rules that apply

Licensing for consumer credit in Quebec sits with the province or territory, and the Financial Consumer Agency of Canada maintains the public list of provincial and territorial regulators.

The federal Payday Lending Regulations (SOR/2024-114) are explicit that Quebec does not license payday lending, which changes which rules a short-term advance falls under.

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

The density figure for Chibougamau, 10.4 people per square kilometre, is calculated from the population and land area above.

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

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

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

Chibougamau ranks 142 by 2021 Census population among the covered places in Quebec.

Chibougamau is one of 1150 covered Quebec places, counted at 7,233 residents with a land area of 694.9 square kilometres.

At 7,233 residents in the 2021 Census, Chibougamau is listed alongside the other covered places in Quebec.

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

Chibougamau appears in the census record with 7,233 residents, and the density of 10.4 people per square kilometre follows from it.

The land area recorded for Chibougamau is 694.9 square kilometres, and the population is 7,233 residents in the 2021 Census.

Chibougamau sits at rank 142 within Quebec in this data set, and the provincial rules apply as they do elsewhere.

Where a figure for Chibougamau 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.

Statistics Canada's 2021 Census of Population supplies the population and land-area figures, and the federal Payday Lending Regulations (SOR/2024-114) supply the payday position.

The same structure is used for every place covered, so two communities can be compared field by field: population, land area, density, rank, and the provincial rules.