Borrowing in Cold Lake, Alberta

Cold Lake is one of the Alberta communities covered here, with a 2021 Census population of 15,661, and borrowing there is licensed under Alberta's consumer credit rules.

The Alberta rules that apply

The body that licenses consumer lending in Alberta is the regulator named on the federal Payday Lending Regulations (SOR/2024-114)'s list of provincial and territorial regulators.

The federal Payday Lending Regulations (SOR/2024-114) count Alberta among the provinces with payday lending rules, where the published maximum cost of borrowing is $14 per $100 advanced under SOR/2024-114.

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

The census figures for Cold Lake

15,661 people were counted in Cold Lake in the 2021 Census. Its land area is 66.6 square kilometres.

Dividing population by land area gives 235.1 residents per square kilometre, rounded to one decimal place.

The 2021 Census population places it at rank 29 in the province.

Within Alberta, Cold Lake is place number 29 by population in this census set, at 15,661 residents.

Products compared here

The product pages behind this city cover the following borrowing categories, among the 20 products compared nationally.

• 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 longer amortisation lowers each payment and raises the total interest paid over the life of the loan.

A mortgage is registered against the property, which is what gives the lender its claim. Debt management plans are administered by accredited credit counsellors, and they are not loans.

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

Cold Lake appears in the census record with 15,661 residents, and the density of 235.1 people per square kilometre follows from it.

Cold Lake ranks 29 by 2021 Census population among the covered places in Alberta.

Cold Lake sits at rank 29 within Alberta in this data set, and the provincial rules apply as they do elsewhere.

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

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

Cold Lake is one of 361 covered Alberta places, counted at 15,661 residents with a land area of 66.6 square kilometres.

The land area recorded for Cold Lake is 66.6 square kilometres, and the population is 15,661 residents in the 2021 Census.

The density figure for Cold Lake, 235.1 people per square kilometre, is calculated from the population and land area above.

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

For Cold Lake, 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.

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).

The same structure is used for every place covered, so two communities can be compared field by field: population, land area, density, rank, and the provincial rules.