Borrowing in L'Ascension, Quebec

L'Ascension, Quebec, recorded a population of 899 in the 2021 Census; the rules that govern a loan signed there are provincial.

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.

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 smallest population band are grouped here as small communities, and the pages carry the same census fields and the same provincial rules as the largest city.

The census figures for L'Ascension

In the 2021 Census, L'Ascension had 899 residents. Land area for L'Ascension is 334.8 square kilometres in the same census.

On those two figures, density is 2.7 residents per square kilometre when rounded to one decimal place.

L'Ascension ranks 706 by population among the Quebec places on this site.

Compared with the other 1150 covered Quebec places, L'Ascension ranks 706 by population.

Products compared here

Two of the 20 covered products appear below, each with the purpose the product is designed for.

• Mortgage loans: Borrowing against residential property, including how a federally regulated lender tests the file.
• Debt relief programs: The formal and informal routes out of unmanageable debt in Canada, and who is licensed to run them.

How borrowing works locally

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

A credit file is compiled by private agencies from information lenders and other creditors report. An application usually asks for identification, income evidence, banking details and a statement of obligations.

Readers comparing L'Ascension with another community can use the same four census fields.

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

L'Ascension sits at rank 706 within Quebec in this data set, and the provincial rules apply as they do elsewhere.

The land area recorded for L'Ascension is 334.8 square kilometres, and the population is 899 residents in the 2021 Census.

At 899 residents in the 2021 Census, L'Ascension is listed alongside the other covered places in Quebec.

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

The density figure for L'Ascension, 2.7 people per square kilometre, is calculated from the population and land area above.

L'Ascension appears in the census record with 899 residents, and the density of 2.7 people per square kilometre follows from it.

L'Ascension ranks 706 by 2021 Census population among the covered places in Quebec.

L'Ascension is one of 1150 covered Quebec places, counted at 899 residents with a land area of 334.8 square kilometres.

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

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

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.