Borrowing in Crowsnest Pass, Alberta

This page covers borrowing in Crowsnest Pass, Alberta: the census facts, the provincial rules, and the products people compare.

The Alberta rules that apply

The regulator for consumer credit in Alberta is the body listed by the federal Payday Lending Regulations (SOR/2024-114) provincial and territorial regulators.

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.

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

How borrowing works locally

A broker arranges credit but does not lend, and the lender remains the party that makes the decision.

Adding a co-signer puts a second file in front of the lender and adds a second person to the obligation. Interest on a line of credit accrues only on the drawn portion, not on the unused limit.

The census figures for Crowsnest Pass

5,695 people were counted in Crowsnest Pass in the 2021 Census. Its land area is 370.1 square kilometres.

The calculated density is 15.4 people per square kilometre.

Among covered Alberta places, Crowsnest Pass sits at rank 82 by population.

Crowsnest Pass therefore appears at rank 82 of 361 covered Alberta places, with a density of 15.4 people per square kilometre.

Products compared here

These are two of the 20 products described on the site, and each has a national page as well as the provincial rules.

• Lines of credit: A revolving limit you draw on and repay, usually paying interest only on what is outstanding.
• Home renovation loans: Paying for work on a property, from a small unsecured instalment loan to a secured renovation product.

Crowsnest Pass is one of 361 covered Alberta places, counted at 5,695 residents with a land area of 370.1 square kilometres.

At 5,695 residents in the 2021 Census, Crowsnest Pass is listed alongside the other covered places in Alberta.

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

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

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

Crowsnest Pass ranks 82 by 2021 Census population among the covered places in Alberta.

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

Crowsnest Pass sits at rank 82 within Alberta in this data set, and the provincial rules apply as they do elsewhere.

Crowsnest Pass appears in the census record with 5,695 residents, and the density of 15.4 people per square kilometre follows from it.

The density figure for Crowsnest Pass, 15.4 people per square kilometre, is calculated from the population and land area above.

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

The land area recorded for Crowsnest Pass is 370.1 square kilometres, and the population is 5,695 residents in the 2021 Census.

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

Statistics Canada's 2021 Census of Population supplies the population and land-area figures, and the federal Payday Lending Regulations (SOR/2024-114) supply the payday position.

Compare the disclosure on any agreement against the provincial ceiling, and treat the census figures as the only local statistics on the page.