Borrowing in Cowley, Alberta

Cowley is one of the Alberta communities covered here, with a 2021 Census population of 216, and borrowing there is licensed under Alberta's consumer credit rules.

The Alberta rules that apply

Licensing for consumer credit in Alberta sits with the province or territory, and the Financial Consumer Agency of Canada maintains the public list of provincial and territorial regulators.

The federal payday lending regulations, SOR/2024-114, cap the cost of borrowing at $14 per $100 advanced in Alberta, which the federal Payday Lending Regulations (SOR/2024-114) list as a province that regulates the product.

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.

The census figures for Cowley

The 2021 Census counted 216 residents in Cowley. The census records a land area of 1.4 square kilometres for Cowley.

On those two figures, density is 158.8 residents per square kilometre when rounded to one decimal place.

Its provincial population rank is 305 within this data set.

Compared with the other 361 covered Alberta places, Cowley ranks 305 by population.

Products compared here

Among the 20 products compared here, these two are commonly used for the purposes described.

• Car loans: Financing a vehicle, including the effect of trade-in equity, negative equity and dealer-arranged credit.
• Debt consolidation loans: Replacing several expensive debts with one payment, and the arithmetic that decides whether it helps.

How borrowing works locally

Payment history is reported to credit agencies, and that record is what builds or damages a credit file over time.

Disclosure requirements mean the cost of borrowing must be stated before an agreement is signed. A secured product gives the lender a claim on a named asset, which is why its price is usually lower than an unsecured equivalent.

Cowley sits at rank 305 within Alberta in this data set, and the provincial rules apply as they do elsewhere.

At 216 residents in the 2021 Census, Cowley is listed alongside the other covered places in Alberta.

Cowley is one of 361 covered Alberta places, counted at 216 residents with a land area of 1.4 square kilometres.

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

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

Cowley appears in the census record with 216 residents, and the density of 158.8 people per square kilometre follows from it.

The density figure for Cowley, 158.8 people per square kilometre, is calculated from the population and land area above.

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

The land area recorded for Cowley is 1.4 square kilometres, and the population is 216 residents in the 2021 Census.

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

Cowley ranks 305 by 2021 Census population among the covered places in Alberta.

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

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

The 2021 Census of Population published by Statistics Canada is the source for population and land area; the federal Payday Lending Regulations (SOR/2024-114) are the source for payday rules.

Lending rules change, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators where the current position is confirmed.