Borrowing in Chipman, Alberta

A loan taken out in Chipman is governed by Alberta's licensing rules, and the 2021 Census counted 246 people in the community.

The census figures for Chipman

The 2021 Census counted 246 residents in Chipman. The census records a land area of 9.6 square kilometres for Chipman.

That gives a density of 25.6 people per square kilometre, rounded to one decimal place.

Chipman ranks 297 by population among the Alberta places on this site.

Chipman is one of 361 places listed for Alberta, ranked 297 by population and measured at 9.6 square kilometres.

Products compared here

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

• Mortgage refinancing: Replacing an existing mortgage to change the rate, the term or the amount borrowed, and what it costs.
• Cash advance loans: Immediate short-term cash, including the difference between a cash advance on credit and a payday-style advance.

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.

Places in the smallest population band are grouped here as small communities, and the pages carry the same census fields and the same provincial rules as the largest city.

How borrowing works locally

A secured product gives the lender a claim on a named asset, which is why its price is usually lower than an unsecured equivalent.

A revolving product charges interest on the outstanding balance, while an instalment product charges a fixed schedule of payments. Interest on a line of credit accrues only on the drawn portion, not on the unused limit.

Chipman ranks 297 by 2021 Census population among the covered places in Alberta.

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

Chipman appears in the census record with 246 residents, and the density of 25.6 people per square kilometre follows from it.

Chipman sits at rank 297 within Alberta in this data set, and the provincial rules apply as they do elsewhere.

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

At 246 residents in the 2021 Census, Chipman is listed alongside the other covered places in Alberta.

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

The land area recorded for Chipman is 9.6 square kilometres, and the population is 246 residents in the 2021 Census.

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

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

The density figure for Chipman, 25.6 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.

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).

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