Borrowing in Bonnyville, Alberta

Bonnyville is one of the Alberta communities covered here, with a 2021 Census population of 6,404, and borrowing there is licensed under Alberta's consumer credit rules.

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, 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.

Places in the lower-middle band group smaller towns and municipalities under the same provincial framework.

How borrowing works locally

Provincial licensing decides who may lend, and federal rules add a ceiling where a licensed payday regime exists.

A longer amortisation lowers each payment and raises the total interest paid over the life of the loan. Payment history is reported to credit agencies, and that record is what builds or damages a credit file over time.

The census figures for Bonnyville

Population for Bonnyville stands at 6,404 in the 2021 Census. The community covers 14.2 square kilometres of land.

That gives a density of 451.9 people per square kilometre, rounded to one decimal place.

The 2021 Census population places it at rank 75 in the province.

Bonnyville sits at rank 75 among the 361 Alberta places here, with 6,404 residents in the 2021 Census.

Products compared here

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

• Home equity loans: Converting property equity into credit, and the difference between a lump sum and a revolving limit.
• Payday loans: Small, short-term advances against a pay date, the most tightly regulated product in Canadian consumer credit.

The land area recorded for Bonnyville is 14.2 square kilometres, and the population is 6,404 residents in the 2021 Census.

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

Bonnyville sits at rank 75 within Alberta in this data set, and the provincial rules apply as they do elsewhere.

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

Bonnyville appears in the census record with 6,404 residents, and the density of 451.9 people per square kilometre follows from it.

At 6,404 residents in the 2021 Census, Bonnyville is listed alongside the other covered places in Alberta.

Bonnyville ranks 75 by 2021 Census population among the covered places in Alberta.

Bonnyville is one of 361 covered Alberta places, counted at 6,404 residents with a land area of 14.2 square kilometres.

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

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

The density figure for Bonnyville, 451.9 people per square kilometre, is calculated from the population and land area above.

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).

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