Borrowing in Carbon, Alberta

With 492 residents counted in the 2021 Census, Carbon sits inside Alberta's provincial lending framework.

The Alberta rules that apply

Provincial or territorial law decides who may lend in Alberta, and the Financial Consumer Agency of Canada publishes the list that names the regulator responsible.

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 census figures for Carbon

Population for Carbon stands at 492 in the 2021 Census. The community covers 2.0 square kilometres of land.

The calculated density is 247.2 people per square kilometre.

Its provincial population rank is 251 within this data set.

Carbon therefore appears at rank 251 of 361 covered Alberta places, with a density of 247.2 people per square kilometre.

Products compared here

Each product below has its own page, and the Alberta position applies to all of them.

• Home renovation loans: Paying for work on a property, from a small unsecured instalment loan to a secured renovation product.
• Emergency loans: Money for an urgent expense, and the order in which a sensible borrower works through the options.

How borrowing works locally

A lender is free to set its own price below the legal ceiling, and it does so according to the risk it reads in the file.

A longer amortisation lowers each payment and raises the total interest paid over the life of the loan. An application usually asks for identification, income evidence, banking details and a statement of obligations.

The density figure for Carbon, 247.2 people per square kilometre, is calculated from the population and land area above.

The land area recorded for Carbon is 2.0 square kilometres, and the population is 492 residents in the 2021 Census.

Carbon is one of 361 covered Alberta places, counted at 492 residents with a land area of 2.0 square kilometres.

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

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

Carbon appears in the census record with 492 residents, and the density of 247.2 people per square kilometre follows from it.

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

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

At 492 residents in the 2021 Census, Carbon is listed alongside the other covered places in Alberta.

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

Carbon sits at rank 251 within Alberta in this data set, and the provincial rules apply as they do elsewhere.

Carbon ranks 251 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).

Nothing here is an offer, and no page on this site can tell anyone what a lender will decide.