Borrowing in Montmagny, Quebec

Montmagny is one of the Quebec communities covered here, with a 2021 Census population of 10,999, and borrowing there is licensed under Quebec's consumer credit rules.

The census figures for Montmagny

The 2021 Census counted 10,999 residents in Montmagny. The census records a land area of 124.4 square kilometres for Montmagny.

On those two figures, density is 88.4 residents per square kilometre when rounded to one decimal place.

The community is the 104th largest place in the province within this census set.

Montmagny therefore appears at rank 104 of 1150 covered Quebec places, with a density of 88.4 people per square kilometre.

The Quebec rules that apply

The regulator for consumer credit in Quebec is the body listed by the federal Payday Lending Regulations (SOR/2024-114) provincial and territorial regulators.

For Quebec, the federal Payday Lending Regulations (SOR/2024-114) record that payday lending is not licensed, so the cost limit should be confirmed with the provincial regulator.

The lower-middle band covers towns of moderate size, none of which sets its own lending rules.

How borrowing works locally

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

Variable-rate products move with a reference rate, while fixed-rate products set the price for a defined 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.

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.

• Bad credit loans: Borrowing when the credit file is damaged, and what changes about price and security as a result.
• Home equity loans: Converting property equity into credit, and the difference between a lump sum and a revolving limit.

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

Montmagny sits at rank 104 within Quebec in this data set, and the provincial rules apply as they do elsewhere.

Montmagny ranks 104 by 2021 Census population among the covered places in Quebec.

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

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

The density figure for Montmagny, 88.4 people per square kilometre, is calculated from the population and land area above.

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

Montmagny is one of 1150 covered Quebec places, counted at 10,999 residents with a land area of 124.4 square kilometres.

At 10,999 residents in the 2021 Census, Montmagny is listed alongside the other covered places in Quebec.

The land area recorded for Montmagny is 124.4 square kilometres, and the population is 10,999 residents in the 2021 Census.

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

Montmagny appears in the census record with 10,999 residents, and the density of 88.4 people per square kilometre follows from it.

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).

Lending rules change, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators where the current position is confirmed.