Borrowing in Fort Mckay 174, Alberta

A loan taken out in Fort Mckay 174 is governed by Alberta's licensing rules, and the 2021 Census counted 621 people in the community.

The Alberta rules that apply

The body that licenses consumer lending in Alberta is the regulator named on the federal Payday Lending Regulations (SOR/2024-114)'s list of 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.

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.

How borrowing works locally

A lender may ask for proof of address, and a permanent address is a standard requirement for consumer credit.

A secured product gives the lender a claim on a named asset, which is why its price is usually lower than an unsecured equivalent. Joint applications combine two incomes and two sets of obligations in the same assessment.

The census figures for Fort Mckay 174

Statistics Canada's 2021 Census gives Fort Mckay 174 a population of 621. Its land area is 30.0 square kilometres.

The calculated density is 20.7 people per square kilometre.

Fort Mckay 174 ranks 238 by population among the Alberta places on this site.

Compared with the other 361 covered Alberta places, Fort Mckay 174 ranks 238 by population.

Products compared here

The site describes 20 products in total; the two below are representative of the range.

• 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.

Fort Mckay 174 ranks 238 by 2021 Census population among the covered places in Alberta.

For Fort Mckay 174, the two census fields above are the only local statistics used anywhere on the page.

Fort Mckay 174 appears in the census record with 621 residents, and the density of 20.7 people per square kilometre follows from it.

Where a figure for Fort Mckay 174 could not be verified, the page names the publisher instead of printing a number.

At 621 residents in the 2021 Census, Fort Mckay 174 is listed alongside the other covered places in Alberta.

The Fort Mckay 174 page follows the same structure as every other place page, with population, land area, density and rank.

Readers comparing Fort Mckay 174 with another community can use the same four census fields.

Fort Mckay 174 is one of 361 covered Alberta places, counted at 621 residents with a land area of 30.0 square kilometres.

Fort Mckay 174 sits at rank 238 within Alberta in this data set, and the provincial rules apply as they do elsewhere.

The land area recorded for Fort Mckay 174 is 30.0 square kilometres, and the population is 621 residents in the 2021 Census.

The density figure for Fort Mckay 174, 20.7 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.

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.

The provincial rules apply wherever a borrower is in Alberta; a municipal boundary does not change them.