Borrowing in Magog, Quebec

A loan taken out in Magog is governed by Quebec's licensing rules, and the 2021 Census counted 28,312 people in the community.

Products compared here

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

• Lines of credit: A revolving limit you draw on and repay, usually paying interest only on what is outstanding.
• Home renovation loans: Paying for work on a property, from a small unsecured instalment loan to a secured renovation product.

How borrowing works locally

A credit file is compiled by private agencies from information lenders and other creditors report.

A lender's assessment looks at income, existing obligations, the credit file, and the asset pledged where there is one. Adding a co-signer puts a second file in front of the lender and adds a second person to the obligation.

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.

Quebec is the province that does not license payday lending, so the federal cap that applies in licensed provinces has no provincial regime to sit inside.

In the middle band, the community is grouped with comparable places here, and the rules stay provincial.

The census figures for Magog

Population for Magog stands at 28,312 in the 2021 Census. Land area for Magog is 144.3 square kilometres in the same census.

The arithmetic gives 196.3 people per square kilometre.

Its provincial population rank is 40 within this data set.

Magog is one of 1150 places listed for Quebec, ranked 40 by population and measured at 144.3 square kilometres.

Magog appears in the census record with 28,312 residents, and the density of 196.3 people per square kilometre follows from it.

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

Magog is one of 1150 covered Quebec places, counted at 28,312 residents with a land area of 144.3 square kilometres.

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

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

The land area recorded for Magog is 144.3 square kilometres, and the population is 28,312 residents in the 2021 Census.

Magog ranks 40 by 2021 Census population among the covered places in Quebec.

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

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

Magog sits at rank 40 within Quebec in this data set, and the provincial rules apply as they do elsewhere.

At 28,312 residents in the 2021 Census, Magog is listed alongside the other covered places in Quebec.

loanmoose.ca is not a lender and does not make credit decisions. The lowest rates are only available to the most qualified applicants.

Population and land area figures come from Statistics Canada's 2021 Census of Population; regulatory statements are attributed to the federal Payday Lending Regulations (SOR/2024-114).

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.