Borrowing in Empress, Alberta

Empress, Alberta, recorded a population of 148 in the 2021 Census; the rules that govern a loan signed there are provincial.

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.

Communities of this size are listed here with population, land area and density, and the lending rules remain provincial.

The census figures for Empress

Population for Empress stands at 148 in the 2021 Census. Statistics Canada lists 1.6 square kilometres of land for the community.

Population divided by land area produces a density of 93.7 people per square kilometre.

Its provincial population rank is 342 within this data set.

Within Alberta, Empress is place number 342 by population in this census set, at 148 residents.

Products compared here

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

• Business lines of credit: A revolving operating limit for a business, and why it behaves differently from a term loan.
• Collateral loans: Borrowing against an asset a lender will hold, from vehicles to savings, and what happens on default.

How borrowing works locally

Joint applications combine two incomes and two sets of obligations in the same assessment.

Interest on a line of credit accrues only on the drawn portion, not on the unused limit. A longer amortisation lowers each payment and raises the total interest paid over the life of the loan.

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

Empress is one of 361 covered Alberta places, counted at 148 residents with a land area of 1.6 square kilometres.

The density figure for Empress, 93.7 people per square kilometre, is calculated from the population and land area above.

Empress ranks 342 by 2021 Census population among the covered places in Alberta.

The land area recorded for Empress is 1.6 square kilometres, and the population is 148 residents in the 2021 Census.

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

Empress appears in the census record with 148 residents, and the density of 93.7 people per square kilometre follows from it.

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

Empress sits at rank 342 within Alberta in this data set, and the provincial rules apply as they do elsewhere.

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

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

At 148 residents in the 2021 Census, Empress is listed alongside the other covered places in Alberta.

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.

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