Borrowing in Lamont, Alberta

This page covers borrowing in Lamont, Alberta: the census facts, the provincial rules, and the products people compare.

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 secured product gives the lender a claim on a named asset, which is why its price is usually lower than an unsecured equivalent.

A lender is free to set its own price below the legal ceiling, and it does so according to the risk it reads in the file. Joint applications combine two incomes and two sets of obligations in the same assessment.

The census figures for Lamont

1,744 people were counted in Lamont in the 2021 Census. Land area for Lamont is 9.1 square kilometres in the same census.

The arithmetic gives 190.8 people per square kilometre.

The community is the 154th largest place in the province within this census set.

The place record for Lamont covers 9.1 square kilometres and 1,744 residents, a density of 190.8 people per square kilometre.

Products compared here

The product pages behind this city cover the following borrowing categories, among the 20 products compared nationally.

• Bad credit loans: Borrowing when the credit file is damaged, and what changes about price and security as a result.
• Home equity loans: Converting property equity into credit, and the difference between a lump sum and a revolving limit.

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

The land area recorded for Lamont is 9.1 square kilometres, and the population is 1,744 residents in the 2021 Census.

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

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

At 1,744 residents in the 2021 Census, Lamont is listed alongside the other covered places in Alberta.

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

Lamont appears in the census record with 1,744 residents, and the density of 190.8 people per square kilometre follows from it.

The density figure for Lamont, 190.8 people per square kilometre, is calculated from the population and land area above.

Lamont ranks 154 by 2021 Census population among the covered places in Alberta.

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

Lamont is one of 361 covered Alberta places, counted at 1,744 residents with a land area of 9.1 square kilometres.

Lamont sits at rank 154 within Alberta in this data set, and the provincial rules apply as they do elsewhere.

loanmoose.ca is not a lender and does not make credit decisions. The lowest rates are only available to the most qualified applicants.

Population and land area figures come from Statistics Canada's 2021 Census of Population; regulatory statements are attributed to the federal Payday Lending Regulations (SOR/2024-114).

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