Borrowing in Black Diamond, Alberta

Black Diamond is one of the Alberta communities covered here, with a 2021 Census population of 2,730, and borrowing there is licensed under Alberta's consumer credit rules.

How borrowing works locally

A revolving product charges interest on the outstanding balance, while an instalment product charges a fixed schedule of payments.

Joint applications combine two incomes and two sets of obligations in the same assessment. A lender may ask for proof of address, and a permanent address is a standard requirement for consumer credit.

Products compared here

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

• Cash advance loans: Immediate short-term cash, including the difference between a cash advance on credit and a payday-style advance.
• Lines of credit: A revolving limit you draw on and repay, usually paying interest only on what is outstanding.

The census figures for Black Diamond

2,730 people were counted in Black Diamond in the 2021 Census. The community covers 6.8 square kilometres of land.

The arithmetic gives 400.3 people per square kilometre.

The community is the 127th largest place in the province within this census set.

Black Diamond sits at rank 127 among the 361 Alberta places here, with 2,730 residents in the 2021 Census.

The Alberta rules that apply

The regulator for consumer credit in Alberta 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, 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.

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

At 2,730 residents in the 2021 Census, Black Diamond is listed alongside the other covered places in Alberta.

The density figure for Black Diamond, 400.3 people per square kilometre, is calculated from the population and land area above.

Black Diamond sits at rank 127 within Alberta in this data set, and the provincial rules apply as they do elsewhere.

Black Diamond is one of 361 covered Alberta places, counted at 2,730 residents with a land area of 6.8 square kilometres.

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

The land area recorded for Black Diamond is 6.8 square kilometres, and the population is 2,730 residents in the 2021 Census.

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

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

Black Diamond appears in the census record with 2,730 residents, and the density of 400.3 people per square kilometre follows from it.

Black Diamond ranks 127 by 2021 Census population among the covered places in Alberta.

Where a figure for Black Diamond 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.

The 2021 Census of Population published by Statistics Canada is the source for population and land area; the federal Payday Lending Regulations (SOR/2024-114) are the source for payday rules.

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