Borrowing in Sherbrooke, Quebec

A loan taken out in Sherbrooke is governed by Quebec's licensing rules, and the 2021 Census counted 172,950 people in the community.

The census figures for Sherbrooke

Statistics Canada's 2021 Census gives Sherbrooke a population of 172,950. Statistics Canada lists 353.4 square kilometres of land for the community.

On those two figures, density is 489.4 residents per square kilometre when rounded to one decimal place.

The community is the 6th largest place in the province within this census set.

Compared with the other 1150 covered Quebec places, Sherbrooke ranks 6 by population.

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.

The federal Payday Lending Regulations (SOR/2024-114) are explicit that Quebec does not license payday lending, which changes which rules a short-term advance falls under.

Places in the upper-middle band are grouped here, with the province setting the cost and licensing rules.

How borrowing works locally

A lender's assessment looks at income, existing obligations, the credit file, and the asset pledged where there is one.

A broker arranges credit but does not lend, and the lender remains the party that makes the decision. Debt management plans are administered by accredited credit counsellors, and they are not loans.

Products compared here

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

• 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 land area recorded for Sherbrooke is 353.4 square kilometres, and the population is 172,950 residents in the 2021 Census.

At 172,950 residents in the 2021 Census, Sherbrooke is listed alongside the other covered places in Quebec.

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

Sherbrooke is one of 1150 covered Quebec places, counted at 172,950 residents with a land area of 353.4 square kilometres.

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

The density figure for Sherbrooke, 489.4 people per square kilometre, is calculated from the population and land area above.

Sherbrooke sits at rank 6 within Quebec in this data set, and the provincial rules apply as they do elsewhere.

Sherbrooke ranks 6 by 2021 Census population among the covered places in Quebec.

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

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

Sherbrooke appears in the census record with 172,950 residents, and the density of 489.4 people per square kilometre follows from it.

Nothing on the Sherbrooke 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.

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.