Borrowing in Paradise Valley, Alberta

Paradise Valley, Alberta, recorded a population of 153 in the 2021 Census; the rules that govern a loan signed there are provincial.

The census figures for Paradise Valley

Paradise Valley recorded a population of 153 in Statistics Canada's 2021 Census of Population. Statistics Canada lists 0.6 square kilometres of land for the community.

That gives a density of 242.9 people per square kilometre, rounded to one decimal place.

Its provincial population rank is 339 within this data set.

Compared with the other 361 covered Alberta places, Paradise Valley ranks 339 by population.

Products compared here

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

• Home equity loans: Converting property equity into credit, and the difference between a lump sum and a revolving limit.
• Payday loans: Small, short-term advances against a pay date, the most tightly regulated product in Canadian consumer credit.

The Alberta rules that apply

Consumer lending in Alberta is licensed provincially or territorially, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators where the current position appears.

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.

Communities of this size are listed here with population, land area and density, and the lending rules remain provincial.

How borrowing works locally

A lender's assessment looks at income, existing obligations, the credit file, and the asset pledged where there is one.

A prepayment privilege allows a borrower to pay more than the scheduled amount, sometimes with a charge attached. A payday advance is repaid on a pay date, while an instalment loan is repaid over a set number of payments.

The land area recorded for Paradise Valley is 0.6 square kilometres, and the population is 153 residents in the 2021 Census.

Paradise Valley is one of 361 covered Alberta places, counted at 153 residents with a land area of 0.6 square kilometres.

At 153 residents in the 2021 Census, Paradise Valley is listed alongside the other covered places in Alberta.

Paradise Valley ranks 339 by 2021 Census population among the covered places in Alberta.

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

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

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

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

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

Paradise Valley appears in the census record with 153 residents, and the density of 242.9 people per square kilometre follows from it.

Paradise Valley sits at rank 339 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).

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.