Borrowing in Medicine Hat, Alberta

Medicine Hat is one of the Alberta places covered here, with 63,271 residents recorded in the 2021 Census and the same provincial rulebook as the rest of the province.

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.

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).

The middle band covers larger towns and smaller cities, all inside one provincial licensing framework.

The census figures for Medicine Hat

The 2021 Census counted 63,271 residents in Medicine Hat. The community covers 112.0 square kilometres of land.

Population divided by land area produces a density of 565.1 people per square kilometre.

By population it ranks 10 among the Alberta places covered here.

The place record for Medicine Hat covers 112.0 square kilometres and 63,271 residents, a density of 565.1 people per square kilometre.

Products compared here

Two of the 20 covered products appear below, each with the purpose the product is designed for.

• Emergency loans: Money for an urgent expense, and the order in which a sensible borrower works through the options.
• Unsecured loans: Borrowing with no asset pledged, priced for the risk the lender is taking on your file alone.

How borrowing works locally

Variable-rate products move with a reference rate, while fixed-rate products set the price for a defined term.

A broker arranges credit but does not lend, and the lender remains the party that makes the decision. 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.

Medicine Hat appears in the census record with 63,271 residents, and the density of 565.1 people per square kilometre follows from it.

Medicine Hat is one of 361 covered Alberta places, counted at 63,271 residents with a land area of 112.0 square kilometres.

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

At 63,271 residents in the 2021 Census, Medicine Hat is listed alongside the other covered places in Alberta.

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

The land area recorded for Medicine Hat is 112.0 square kilometres, and the population is 63,271 residents in the 2021 Census.

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

The density figure for Medicine Hat, 565.1 people per square kilometre, is calculated from the population and land area above.

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

Medicine Hat ranks 10 by 2021 Census population among the covered places in Alberta.

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

Medicine Hat sits at rank 10 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.

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).

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