Borrowing in Mingan, Quebec

With 552 residents counted in the 2021 Census, Mingan sits inside Quebec's provincial lending framework.

The census figures for Mingan

552 people were counted in Mingan in the 2021 Census. Its land area is 17.2 square kilometres.

On those two figures, density is 32.0 residents per square kilometre when rounded to one decimal place.

Among covered Quebec places, Mingan sits at rank 885 by population.

Mingan sits at rank 885 among the 1150 Quebec places here, with 552 residents in the 2021 Census.

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.

Quebec does not license payday lending, a fact the federal Payday Lending Regulations (SOR/2024-114) record when it lists the provinces that regulate the product.

At the small end of the census range, the community still borrows inside the province's licensing system.

How borrowing works locally

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

A revolving product charges interest on the outstanding balance, while an instalment product charges a fixed schedule of payments. Joint applications combine two incomes and two sets of obligations in the same assessment.

Products compared here

Among the 20 products compared here, these two are commonly used for the purposes described.

• Debt relief programs: The formal and informal routes out of unmanageable debt in Canada, and who is licensed to run them.
• Bad credit loans: Borrowing when the credit file is damaged, and what changes about price and security as a result.

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

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

The density figure for Mingan, 32.0 people per square kilometre, is calculated from the population and land area above.

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

At 552 residents in the 2021 Census, Mingan is listed alongside the other covered places in Quebec.

Mingan ranks 885 by 2021 Census population among the covered places in Quebec.

Mingan is one of 1150 covered Quebec places, counted at 552 residents with a land area of 17.2 square kilometres.

Mingan appears in the census record with 552 residents, and the density of 32.0 people per square kilometre follows from it.

Mingan sits at rank 885 within Quebec in this data set, and the provincial rules apply as they do elsewhere.

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

The land area recorded for Mingan is 17.2 square kilometres, and the population is 552 residents in the 2021 Census.

Nothing on the Mingan 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.

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.