Borrowing in Ormstown, Quebec

Ormstown is one of the Quebec communities covered here, with a 2021 Census population of 3,917, and borrowing there is licensed under Quebec's consumer credit rules.

The census figures for Ormstown

Ormstown recorded a population of 3,917 in Statistics Canada's 2021 Census of Population. Statistics Canada lists 142.2 square kilometres of land for the community.

Dividing population by land area gives 27.5 residents per square kilometre, rounded to one decimal place.

By population it ranks 219 among the Quebec places covered here.

Compared with the other 1150 covered Quebec places, Ormstown ranks 219 by population.

The Quebec rules that apply

Licensing for consumer credit in Quebec sits with the province or territory, and the Financial Consumer Agency of Canada maintains the public list of provincial and territorial regulators.

Payday lending is not licensed in Quebec; the federal Payday Lending Regulations (SOR/2024-114) list Quebec separately from the provinces that operate a licensed payday regime.

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

How borrowing works locally

A secured product gives the lender a claim on a named asset, which is why its price is usually lower than an unsecured equivalent.

A revolving product charges interest on the outstanding balance, while an instalment product charges a fixed schedule of payments. A lender may ask for proof of address, and a permanent address is a standard requirement for consumer credit.

Products compared here

The site describes 20 products in total; the two below are representative of the range.

• 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.

Ormstown is one of 1150 covered Quebec places, counted at 3,917 residents with a land area of 142.2 square kilometres.

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

The density figure for Ormstown, 27.5 people per square kilometre, is calculated from the population and land area above.

Ormstown ranks 219 by 2021 Census population among the covered places in Quebec.

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

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

Ormstown appears in the census record with 3,917 residents, and the density of 27.5 people per square kilometre follows from it.

At 3,917 residents in the 2021 Census, Ormstown is listed alongside the other covered places in Quebec.

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

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

Ormstown sits at rank 219 within Quebec in this data set, and the provincial rules apply as they do elsewhere.

The land area recorded for Ormstown is 142.2 square kilometres, and the population is 3,917 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.

Census figures are from Statistics Canada's 2021 Census of Population, and the payday position is taken from 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.