Borrowing in Caroline, Alberta

With 470 residents counted in the 2021 Census, Caroline sits inside Alberta's provincial lending framework.

The census figures for Caroline

The 2021 Census counted 470 residents in Caroline. Its land area is 2.0 square kilometres.

That gives a density of 230.4 people per square kilometre, rounded to one decimal place.

By population it ranks 257 among the Alberta places covered here.

Within Alberta, Caroline is place number 257 by population in this census set, at 470 residents.

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.

In Alberta, payday lending operates under a licensed provincial regime, and the federal Payday Lending Regulations (SOR/2024-114) record a maximum cost of borrowing of $14 for each $100 advanced under SOR/2024-114.

The lowest band groups villages, rural municipalities and small towns, all read against the same provincial rulebook.

How borrowing works locally

A prepayment privilege allows a borrower to pay more than the scheduled amount, sometimes with a charge attached.

A provincial regulator publishes licensing requirements, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators. A lender may ask for proof of address, and a permanent address is a standard requirement for consumer credit.

Products compared here

Two of the 20 covered products appear below, each with the purpose the product is designed for.

• Debt relief programs: The formal and informal routes out of unmanageable debt in Canada, and who is licensed to run them.
• Bad credit loans: Borrowing when the credit file is damaged, and what changes about price and security as a result.

The land area recorded for Caroline is 2.0 square kilometres, and the population is 470 residents in the 2021 Census.

The density figure for Caroline, 230.4 people per square kilometre, is calculated from the population and land area above.

Caroline appears in the census record with 470 residents, and the density of 230.4 people per square kilometre follows from it.

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

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

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

Caroline ranks 257 by 2021 Census population among the covered places in Alberta.

Caroline sits at rank 257 within Alberta in this data set, and the provincial rules apply as they do elsewhere.

At 470 residents in the 2021 Census, Caroline is listed alongside the other covered places in Alberta.

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

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

Caroline is one of 361 covered Alberta places, counted at 470 residents with a land area of 2.0 square kilometres.

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.