Borrowing in Beaver Lake 131, Alberta

This page covers borrowing in Beaver Lake 131, Alberta: the census facts, the provincial rules, and the products people compare.

The census figures for Beaver Lake 131

Statistics Canada's 2021 Census gives Beaver Lake 131 a population of 401. Statistics Canada lists 55.9 square kilometres of land for the community.

Population divided by land area produces a density of 7.2 people per square kilometre.

The 2021 Census population places it at rank 263 in the province.

Within Alberta, Beaver Lake 131 is place number 263 by population in this census set, at 401 residents.

The Alberta rules that apply

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

The federal payday lending regulations, SOR/2024-114, cap the cost of borrowing at $14 per $100 advanced in Alberta, which the federal Payday Lending Regulations (SOR/2024-114) list as a province that regulates the product.

Small places are covered the same way as large ones: census figures for the place, and the provincial position on lending.

How borrowing works locally

Interest on a line of credit accrues only on the drawn portion, not on the unused limit.

A mortgage is registered against the property, which is what gives the lender its claim. Provincial licensing decides who may lend, and federal rules add a ceiling where a licensed payday regime exists.

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.

• 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.

At 401 residents in the 2021 Census, Beaver Lake 131 is listed alongside the other covered places in Alberta.

Nothing on the Beaver Lake 131 page is estimated; the population and land area come from Statistics Canada's 2021 Census of Population.

Where a figure for Beaver Lake 131 could not be verified, the page names the publisher instead of printing a number.

For Beaver Lake 131, the two census fields above are the only local statistics used anywhere on the page.

Beaver Lake 131 sits at rank 263 within Alberta in this data set, and the provincial rules apply as they do elsewhere.

Beaver Lake 131 appears in the census record with 401 residents, and the density of 7.2 people per square kilometre follows from it.

The density figure for Beaver Lake 131, 7.2 people per square kilometre, is calculated from the population and land area above.

The land area recorded for Beaver Lake 131 is 55.9 square kilometres, and the population is 401 residents in the 2021 Census.

Beaver Lake 131 is one of 361 covered Alberta places, counted at 401 residents with a land area of 55.9 square kilometres.

The Beaver Lake 131 page follows the same structure as every other place page, with population, land area, density and rank.

Readers comparing Beaver Lake 131 with another community can use the same four census fields.

loanmoose.ca is not a lender and does not make credit decisions. The lowest rates are only available to the most qualified applicants.

Statistics Canada's 2021 Census of Population supplies the population and land-area figures, and the federal Payday Lending Regulations (SOR/2024-114) supply the payday position.

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