Borrowing in Lochaber, Quebec

Lochaber is one of the Quebec communities covered here, with a 2021 Census population of 446, and borrowing there is licensed under Quebec's consumer credit rules.

The census figures for Lochaber

Population for Lochaber stands at 446 in the 2021 Census. Its land area is 62.1 square kilometres.

On those two figures, density is 7.2 residents per square kilometre when rounded to one decimal place.

By population it ranks 963 among the Quebec places covered here.

Lochaber therefore appears at rank 963 of 1150 covered Quebec places, with a density of 7.2 people per square kilometre.

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.

The Quebec rules that apply

The body that licenses consumer lending in Quebec is the regulator named on the federal Payday Lending Regulations (SOR/2024-114)'s list of provincial and territorial regulators.

Because Quebec does not license payday lending, no provincial payday cap applies there, and the federal Payday Lending Regulations (SOR/2024-114) note the distinction.

Small places are covered the same way as large ones: census figures for the place, and the provincial position on lending.

How borrowing works locally

A deposit or trade-in reduces the amount financed and therefore the interest charged over the term.

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. Disclosure requirements mean the cost of borrowing must be stated before an agreement is signed.

Lochaber sits at rank 963 within Quebec in this data set, and the provincial rules apply as they do elsewhere.

The density figure for Lochaber, 7.2 people per square kilometre, is calculated from the population and land area above.

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

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

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

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

Lochaber appears in the census record with 446 residents, and the density of 7.2 people per square kilometre follows from it.

Lochaber is one of 1150 covered Quebec places, counted at 446 residents with a land area of 62.1 square kilometres.

Lochaber ranks 963 by 2021 Census population among the covered places in Quebec.

At 446 residents in the 2021 Census, Lochaber is listed alongside the other covered places in Quebec.

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

The land area recorded for Lochaber is 62.1 square kilometres, and the population is 446 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.