Borrowing in Berwyn, Alberta

Berwyn, Alberta, recorded a population of 577 in the 2021 Census; the rules that govern a loan signed there are provincial.

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 broker arranges credit but does not lend, and the lender remains the party that makes the decision. Interest on a line of credit accrues only on the drawn portion, not on the unused limit.

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.

• Instalment loans: A fixed number of fixed payments, sized larger and longer than a payday advance.
• Secured loans: Borrowing against an asset, which lowers the price but puts the asset at risk if you default.

The census figures for Berwyn

577 people were counted in Berwyn in the 2021 Census. Statistics Canada lists 1.6 square kilometres of land for the community.

Population divided by land area produces a density of 367.5 people per square kilometre.

Berwyn ranks 241 by population among the Alberta places on this site.

Compared with the other 361 covered Alberta places, Berwyn ranks 241 by population.

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.

A payday advance in Alberta falls under a provincial licensing regime, and the cost of borrowing is capped at $14 per $100 advanced according to the federal Payday Lending Regulations (SOR/2024-114).

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

The density figure for Berwyn, 367.5 people per square kilometre, is calculated from the population and land area above.

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

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

The land area recorded for Berwyn is 1.6 square kilometres, and the population is 577 residents in the 2021 Census.

Berwyn appears in the census record with 577 residents, and the density of 367.5 people per square kilometre follows from it.

Berwyn sits at rank 241 within Alberta in this data set, and the provincial rules apply as they do elsewhere.

At 577 residents in the 2021 Census, Berwyn is listed alongside the other covered places in Alberta.

Berwyn is one of 361 covered Alberta places, counted at 577 residents with a land area of 1.6 square kilometres.

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

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

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

Berwyn ranks 241 by 2021 Census population among the covered places in Alberta.

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.