Borrowing in Drayton Valley, Alberta

A loan taken out in Drayton Valley is governed by Alberta's licensing rules, and the 2021 Census counted 7,291 people in the community.

How borrowing works locally

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

A mortgage is registered against the property, which is what gives the lender its claim. A provincial regulator publishes licensing requirements, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators.

Products compared here

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

• No credit check loans: What lenders who advertise without a credit check actually look at instead, and where the cost goes.
• Mortgage refinancing: Replacing an existing mortgage to change the rate, the term or the amount borrowed, and what it costs.

The census figures for Drayton Valley

Statistics Canada's 2021 Census gives Drayton Valley a population of 7,291. 30.9 square kilometres of land are attributed to Drayton Valley.

Population divided by land area produces a density of 236.0 people per square kilometre.

The 2021 Census population places it at rank 66 in the province.

Drayton Valley sits at rank 66 among the 361 Alberta places here, with 7,291 residents in the 2021 Census.

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.

In the lower-middle band, pages carry the census figures for the place and the same provincial lending position as larger centres.

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

The land area recorded for Drayton Valley is 30.9 square kilometres, and the population is 7,291 residents in the 2021 Census.

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

Drayton Valley is one of 361 covered Alberta places, counted at 7,291 residents with a land area of 30.9 square kilometres.

Drayton Valley ranks 66 by 2021 Census population among the covered places in Alberta.

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

At 7,291 residents in the 2021 Census, Drayton Valley is listed alongside the other covered places in Alberta.

Drayton Valley sits at rank 66 within Alberta in this data set, and the provincial rules apply as they do elsewhere.

Drayton Valley appears in the census record with 7,291 residents, and the density of 236.0 people per square kilometre follows from it.

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

The density figure for Drayton Valley, 236.0 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).

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