Borrowing in L'Ancienne-Lorette, Quebec

A loan taken out in L'Ancienne-Lorette is governed by Quebec's licensing rules, and the 2021 Census counted 16,970 people in the community.

How borrowing works locally

A prepayment privilege allows a borrower to pay more than the scheduled amount, sometimes with a charge attached.

Interest on a line of credit accrues only on the drawn portion, not on the unused limit. 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.

Products compared here

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

• Secured loans: Borrowing against an asset, which lowers the price but puts the asset at risk if you default.
• Business lines of credit: A revolving operating limit for a business, and why it behaves differently from a term loan.

The census figures for L'Ancienne-Lorette

Statistics Canada's 2021 Census gives L'Ancienne-Lorette a population of 16,970. Statistics Canada lists 7.7 square kilometres of land for the community.

Dividing population by land area gives 2198.2 residents per square kilometre, rounded to one decimal place.

Among covered Quebec places, L'Ancienne-Lorette sits at rank 70 by population.

Within Quebec, L'Ancienne-Lorette is place number 70 by population in this census set, at 16,970 residents.

The Quebec rules that apply

Consumer lending in Quebec is licensed provincially or territorially, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators where the current position appears.

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.

Municipalities of this size are grouped together here, with the province setting the licensing position for all of them.

L'Ancienne-Lorette is one of 1150 covered Quebec places, counted at 16,970 residents with a land area of 7.7 square kilometres.

For L'Ancienne-Lorette, the two census fields above are the only local statistics used anywhere on the page.

At 16,970 residents in the 2021 Census, L'Ancienne-Lorette is listed alongside the other covered places in Quebec.

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

L'Ancienne-Lorette appears in the census record with 16,970 residents, and the density of 2198.2 people per square kilometre follows from it.

The L'Ancienne-Lorette page follows the same structure as every other place page, with population, land area, density and rank.

The density figure for L'Ancienne-Lorette, 2198.2 people per square kilometre, is calculated from the population and land area above.

The land area recorded for L'Ancienne-Lorette is 7.7 square kilometres, and the population is 16,970 residents in the 2021 Census.

L'Ancienne-Lorette ranks 70 by 2021 Census population among the covered places in Quebec.

Readers comparing L'Ancienne-Lorette with another community can use the same four census fields.

L'Ancienne-Lorette sits at rank 70 within Quebec 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.

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.

Lending rules change, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators where the current position is confirmed.