Borrowing in Camrose, Alberta

Camrose is one of the Alberta places covered here, with 18,772 residents recorded in the 2021 Census and the same provincial rulebook as the rest of the province.

Products compared here

The site describes 20 products in total; the two below are representative of the range.

• Secured loans: Borrowing against an asset, which lowers the price but puts the asset at risk if you default.
• Business lines of credit: A revolving operating limit for a business, and why it behaves differently from a term loan.

How borrowing works locally

Adding a co-signer puts a second file in front of the lender and adds a second person to the obligation.

Disclosure requirements mean the cost of borrowing must be stated before an agreement is signed. A credit file is compiled by private agencies from information lenders and other creditors report.

The Alberta rules that apply

Consumer credit in Alberta is licensed by the provincial or territorial regulator, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators.

The federal Payday Lending Regulations (SOR/2024-114) list Alberta among the provinces that regulate payday lending, where the federal Payday Lending Regulations (SOR/2024-114) cap the cost of borrowing at $14 per $100 advanced.

Size changes the census figures, not the rules; this community falls in the lower-middle band.

The census figures for Camrose

The 2021 Census counted 18,772 residents in Camrose. 41.7 square kilometres of land are attributed to Camrose.

Population divided by land area produces a density of 450.5 people per square kilometre.

The 2021 Census population places it at rank 25 in the province.

Compared with the other 361 covered Alberta places, Camrose ranks 25 by population.

At 18,772 residents in the 2021 Census, Camrose is listed alongside the other covered places in Alberta.

Camrose appears in the census record with 18,772 residents, and the density of 450.5 people per square kilometre follows from it.

The land area recorded for Camrose is 41.7 square kilometres, and the population is 18,772 residents in the 2021 Census.

The density figure for Camrose, 450.5 people per square kilometre, is calculated from the population and land area above.

Camrose sits at rank 25 within Alberta in this data set, and the provincial rules apply as they do elsewhere.

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

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

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

Camrose is one of 361 covered Alberta places, counted at 18,772 residents with a land area of 41.7 square kilometres.

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

Camrose ranks 25 by 2021 Census population among the covered places in Alberta.

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

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

Census figures are from Statistics Canada's 2021 Census of Population, and the payday position is taken from the federal Payday Lending Regulations (SOR/2024-114).

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