Borrowing in Grimshaw, Alberta

A loan taken out in Grimshaw is governed by Alberta's licensing rules, and the 2021 Census counted 2,601 people in the community.

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.

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.

The lowest band groups villages, rural municipalities and small towns, all read against the same provincial rulebook.

How borrowing works locally

A longer amortisation lowers each payment and raises the total interest paid over the life of the loan.

A lender may ask for proof of address, and a permanent address is a standard requirement for consumer credit. Disclosure requirements mean the cost of borrowing must be stated before an agreement is signed.

The census figures for Grimshaw

2,601 people were counted in Grimshaw in the 2021 Census. The census records a land area of 7.1 square kilometres for Grimshaw.

That gives a density of 367.4 people per square kilometre, rounded to one decimal place.

Its provincial population rank is 130 within this data set.

Grimshaw sits at rank 130 among the 361 Alberta places here, with 2,601 residents in the 2021 Census.

Products compared here

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

• Secured loans: Borrowing against an asset, which lowers the price but puts the asset at risk if you default.
• Business lines of credit: A revolving operating limit for a business, and why it behaves differently from a term loan.

The density figure for Grimshaw, 367.4 people per square kilometre, is calculated from the population and land area above.

Grimshaw sits at rank 130 within Alberta in this data set, and the provincial rules apply as they do elsewhere.

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

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

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

Grimshaw appears in the census record with 2,601 residents, and the density of 367.4 people per square kilometre follows from it.

At 2,601 residents in the 2021 Census, Grimshaw is listed alongside the other covered places in Alberta.

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

The land area recorded for Grimshaw is 7.1 square kilometres, and the population is 2,601 residents in the 2021 Census.

Grimshaw ranks 130 by 2021 Census population among the covered places in Alberta.

Grimshaw is one of 361 covered Alberta places, counted at 2,601 residents with a land area of 7.1 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.

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).

The same structure is used for every place covered, so two communities can be compared field by field: population, land area, density, rank, and the provincial rules.