Borrowing in Red Deer, Alberta

Red Deer is one of the Alberta communities covered here, with a 2021 Census population of 100,844, and borrowing there is licensed under Alberta's consumer credit rules.

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.

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.

This place falls in the upper-middle band, where the product set and the provincial rules are unchanged from smaller centres.

The census figures for Red Deer

The 2021 Census counted 100,844 residents in Red Deer. Its land area is 104.3 square kilometres.

Population divided by land area produces a density of 966.5 people per square kilometre.

By population it ranks 3 among the Alberta places covered here.

Red Deer sits at rank 3 among the 361 Alberta places here, with 100,844 residents in the 2021 Census.

Products compared here

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

• 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.

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 broker arranges credit but does not lend, and the lender remains the party that makes the decision. A shorter term raises each payment and lowers the total interest, which is the trade every schedule makes.

At 100,844 residents in the 2021 Census, Red Deer is listed alongside the other covered places in Alberta.

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

Red Deer ranks 3 by 2021 Census population among the covered places in Alberta.

Red Deer is one of 361 covered Alberta places, counted at 100,844 residents with a land area of 104.3 square kilometres.

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

Red Deer appears in the census record with 100,844 residents, and the density of 966.5 people per square kilometre follows from it.

The density figure for Red Deer, 966.5 people per square kilometre, is calculated from the population and land area above.

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

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

Red Deer sits at rank 3 within Alberta in this data set, and the provincial rules apply as they do elsewhere.

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

The land area recorded for Red Deer is 104.3 square kilometres, and the population is 100,844 residents in the 2021 Census.

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

Statistics Canada's 2021 Census of Population supplies the population and land-area figures, and the federal Payday Lending Regulations (SOR/2024-114) supply the payday position.

Nothing here is an offer, and no page on this site can tell anyone what a lender will decide.