Borrowing in Lac Simon, Quebec

With 1,285 residents counted in the 2021 Census, Lac Simon sits inside Quebec's provincial lending framework.

The census figures for Lac Simon

In the 2021 Census, Lac Simon had 1,285 residents. 3.1 square kilometres of land are attributed to Lac Simon.

On those two figures, density is 409.2 residents per square kilometre when rounded to one decimal place.

The community is the 565th largest place in the province within this census set.

Lac Simon therefore appears at rank 565 of 1150 covered Quebec places, with a density of 409.2 people per square kilometre.

Products compared here

These are two of the 20 products described on the site, and each has a national page as well as the provincial rules.

• 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 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.

The lowest band groups villages, rural municipalities and small towns, all read against the same provincial rulebook.

How borrowing works locally

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.

A revolving product charges interest on the outstanding balance, while an instalment product charges a fixed schedule of payments. A broker arranges credit but does not lend, and the lender remains the party that makes the decision.

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

Lac Simon ranks 565 by 2021 Census population among the covered places in Quebec.

Lac Simon sits at rank 565 within Quebec in this data set, and the provincial rules apply as they do elsewhere.

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

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

The density figure for Lac Simon, 409.2 people per square kilometre, is calculated from the population and land area above.

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

Lac Simon is one of 1150 covered Quebec places, counted at 1,285 residents with a land area of 3.1 square kilometres.

Lac Simon appears in the census record with 1,285 residents, and the density of 409.2 people per square kilometre follows from it.

At 1,285 residents in the 2021 Census, Lac Simon is listed alongside the other covered places in Quebec.

The land area recorded for Lac Simon is 3.1 square kilometres, and the population is 1,285 residents in the 2021 Census.

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 provincial rules apply wherever a borrower is in Quebec; a municipal boundary does not change them.