Borrowing in Wemindji, Quebec

Wemindji, Quebec, recorded a population of 1,562 in the 2021 Census; the rules that govern a loan signed there are provincial.

The census figures for Wemindji

1,562 people were counted in Wemindji in the 2021 Census. Statistics Canada lists 387.4 square kilometres of land for the community.

The arithmetic gives 4.0 people per square kilometre.

Its provincial population rank is 495 within this data set.

Wemindji therefore appears at rank 495 of 1150 covered Quebec places, with a density of 4.0 people per square kilometre.

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.

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.

The lowest band groups villages, rural municipalities and small towns, all read against the same provincial rulebook.

How borrowing works locally

A consumer proposal or a bankruptcy is administered by a licensed insolvency trustee rather than by a lender.

A mortgage is registered against the property, which is what gives the lender its claim. A lender's assessment looks at income, existing obligations, the credit file, and the asset pledged where there is one.

Products compared here

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

• Business lines of credit: A revolving operating limit for a business, and why it behaves differently from a term loan.
• Collateral loans: Borrowing against an asset a lender will hold, from vehicles to savings, and what happens on default.

Wemindji ranks 495 by 2021 Census population among the covered places in Quebec.

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

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

Wemindji is one of 1150 covered Quebec places, counted at 1,562 residents with a land area of 387.4 square kilometres.

Wemindji sits at rank 495 within Quebec in this data set, and the provincial rules apply as they do elsewhere.

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

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

The density figure for Wemindji, 4.0 people per square kilometre, is calculated from the population and land area above.

Wemindji appears in the census record with 1,562 residents, and the density of 4.0 people per square kilometre follows from it.

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

At 1,562 residents in the 2021 Census, Wemindji 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.

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).

Compare the disclosure on any agreement against the provincial ceiling, and treat the census figures as the only local statistics on the page.