Borrowing in Mayerthorpe, Alberta

Mayerthorpe, Alberta, recorded a population of 1,259 in the 2021 Census; the rules that govern a loan signed there are provincial.

The Alberta rules that apply

Consumer credit in Alberta is licensed by the provincial or territorial regulator, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators.

A payday advance in Alberta falls under a provincial licensing regime, and the cost of borrowing is capped at $14 per $100 advanced according to the federal Payday Lending Regulations (SOR/2024-114).

At the small end of the census range, the community still borrows inside the province's licensing system.

The census figures for Mayerthorpe

In the 2021 Census, Mayerthorpe had 1,259 residents. Its land area is 4.4 square kilometres.

Dividing population by land area gives 286.8 residents per square kilometre, rounded to one decimal place.

By population it ranks 174 among the Alberta places covered here.

Mayerthorpe sits at rank 174 among the 361 Alberta places here, with 1,259 residents in the 2021 Census.

Products compared here

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

• Debt relief programs: The formal and informal routes out of unmanageable debt in Canada, and who is licensed to run them.
• Bad credit loans: Borrowing when the credit file is damaged, and what changes about price and security as a result.

How borrowing works locally

Debt management plans are administered by accredited credit counsellors, and they are not loans.

Joint applications combine two incomes and two sets of obligations in the same assessment. A broker arranges credit but does not lend, and the lender remains the party that makes the decision.

At 1,259 residents in the 2021 Census, Mayerthorpe is listed alongside the other covered places in Alberta.

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

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

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

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

The land area recorded for Mayerthorpe is 4.4 square kilometres, and the population is 1,259 residents in the 2021 Census.

The density figure for Mayerthorpe, 286.8 people per square kilometre, is calculated from the population and land area above.

Mayerthorpe ranks 174 by 2021 Census population among the covered places in Alberta.

Mayerthorpe is one of 361 covered Alberta places, counted at 1,259 residents with a land area of 4.4 square kilometres.

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

Mayerthorpe appears in the census record with 1,259 residents, and the density of 286.8 people per square kilometre follows from it.

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