Borrowing in Drumheller, Alberta

Drumheller, Alberta, recorded a population of 7,909 in the 2021 Census; the rules that govern a loan signed there are provincial.

How borrowing works locally

A provincial regulator publishes licensing requirements, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators.

A prepayment privilege allows a borrower to pay more than the scheduled amount, sometimes with a charge attached. Debt management plans are administered by accredited credit counsellors, and they are not loans.

Products compared here

Each product below has its own page, and the Alberta position applies to all of them.

• Home equity loans: Converting property equity into credit, and the difference between a lump sum and a revolving limit.
• Payday loans: Small, short-term advances against a pay date, the most tightly regulated product in Canadian consumer credit.

The census figures for Drumheller

The 2021 Census counted 7,909 residents in Drumheller. Its land area is 107.6 square kilometres.

The arithmetic gives 73.5 people per square kilometre.

By population it ranks 60 among the Alberta places covered here.

The place record for Drumheller covers 107.6 square kilometres and 7,909 residents, a density of 73.5 people per square kilometre.

The Alberta rules that apply

Provincial or territorial law decides who may lend in Alberta, and the Financial Consumer Agency of Canada publishes the list that names the regulator responsible.

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.

Drumheller ranks 60 by 2021 Census population among the covered places in Alberta.

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

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

Drumheller appears in the census record with 7,909 residents, and the density of 73.5 people per square kilometre follows from it.

Drumheller sits at rank 60 within Alberta in this data set, and the provincial rules apply as they do elsewhere.

The land area recorded for Drumheller is 107.6 square kilometres, and the population is 7,909 residents in the 2021 Census.

The density figure for Drumheller, 73.5 people per square kilometre, is calculated from the population and land area above.

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

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

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

Drumheller is one of 361 covered Alberta places, counted at 7,909 residents with a land area of 107.6 square kilometres.

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.

Nothing here is an offer, and no page on this site can tell anyone what a lender will decide.