Borrowing in Beaumont, Alberta

Beaumont, Alberta, recorded a population of 20,888 in the 2021 Census; the rules that govern a loan signed there are provincial.

The Alberta rules that apply

Consumer lending in Alberta 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.

The federal Payday Lending Regulations (SOR/2024-114) count Alberta among the provinces with payday lending rules, where the published maximum cost of borrowing is $14 per $100 advanced under SOR/2024-114.

In the lower-middle band, pages carry the census figures for the place and the same provincial lending position as larger centres.

How borrowing works locally

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

A lender may ask for proof of address, and a permanent address is a standard requirement for consumer credit. Provincial licensing decides who may lend, and federal rules add a ceiling where a licensed payday regime exists.

The census figures for Beaumont

20,888 people were counted in Beaumont in the 2021 Census. The community covers 24.7 square kilometres of land.

On those two figures, density is 845.7 residents per square kilometre when rounded to one decimal place.

The 2021 Census population places it at rank 21 in the province.

Beaumont is one of 361 places listed for Alberta, ranked 21 by population and measured at 24.7 square kilometres.

Products compared here

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

• Debt consolidation loans: Replacing several expensive debts with one payment, and the arithmetic that decides whether it helps.
• Personal loans: A fixed sum repaid on a schedule, usually unsecured, for almost any purpose a lender will accept.

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

Beaumont ranks 21 by 2021 Census population among the covered places in Alberta.

The density figure for Beaumont, 845.7 people per square kilometre, is calculated from the population and land area above.

The land area recorded for Beaumont is 24.7 square kilometres, and the population is 20,888 residents in the 2021 Census.

Beaumont sits at rank 21 within Alberta in this data set, and the provincial rules apply as they do elsewhere.

Beaumont appears in the census record with 20,888 residents, and the density of 845.7 people per square kilometre follows from it.

At 20,888 residents in the 2021 Census, Beaumont is listed alongside the other covered places in Alberta.

Beaumont is one of 361 covered Alberta places, counted at 20,888 residents with a land area of 24.7 square kilometres.

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

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

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 provincial rules apply wherever a borrower is in Alberta; a municipal boundary does not change them.