Borrowing in Mundare, Alberta

Mundare, Alberta, recorded a population of 689 in the 2021 Census; the rules that govern a loan signed there are provincial.

How borrowing works locally

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

A prepayment privilege allows a borrower to pay more than the scheduled amount, sometimes with a charge attached. Joint applications combine two incomes and two sets of obligations in the same assessment.

Products compared here

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

• Personal loans: A fixed sum repaid on a schedule, usually unsecured, for almost any purpose a lender will accept.
• Mortgage loans: Borrowing against residential property, including how a federally regulated lender tests the file.

The census figures for Mundare

Mundare recorded a population of 689 in Statistics Canada's 2021 Census of Population. The community covers 4.1 square kilometres of land.

On those two figures, density is 167.2 residents per square kilometre when rounded to one decimal place.

Mundare ranks 229 by population among the Alberta places on this site.

Mundare is one of 361 places listed for Alberta, ranked 229 by population and measured at 4.1 square kilometres.

The Alberta rules that apply

Provincial or territorial law decides who may lend in Alberta, and the Financial Consumer Agency of Canada publishes the list that names the regulator responsible.

Payday lending is licensed in Alberta; the federal Payday Lending Regulations (SOR/2024-114) publish a cap of $14 per $100 advanced, and notes that a province may set a lower figure.

Small places are covered the same way as large ones: census figures for the place, and the provincial position on lending.

Mundare sits at rank 229 within Alberta in this data set, and the provincial rules apply as they do elsewhere.

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

Mundare appears in the census record with 689 residents, and the density of 167.2 people per square kilometre follows from it.

At 689 residents in the 2021 Census, Mundare is listed alongside the other covered places in Alberta.

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

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

Mundare ranks 229 by 2021 Census population among the covered places in Alberta.

Mundare is one of 361 covered Alberta places, counted at 689 residents with a land area of 4.1 square kilometres.

The land area recorded for Mundare is 4.1 square kilometres, and the population is 689 residents in the 2021 Census.

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

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

The density figure for Mundare, 167.2 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.

The 2021 Census of Population published by Statistics Canada is the source for population and land area; the federal Payday Lending Regulations (SOR/2024-114) are the source for payday rules.

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