Borrowing in Redwater, Alberta

Redwater is one of the Alberta communities covered here, with a 2021 Census population of 2,115, and borrowing there is licensed under Alberta's consumer credit rules.

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.

The federal payday lending regulations, SOR/2024-114, cap the cost of borrowing at $14 per $100 advanced in Alberta, which the federal Payday Lending Regulations (SOR/2024-114) list as a province that regulates the product.

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

How borrowing works locally

A revolving product charges interest on the outstanding balance, while an instalment product charges a fixed schedule of payments.

A provincial regulator publishes licensing requirements, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators. A broker arranges credit but does not lend, and the lender remains the party that makes the decision.

The census figures for Redwater

Redwater recorded a population of 2,115 in Statistics Canada's 2021 Census of Population. 19.9 square kilometres of land are attributed to Redwater.

The arithmetic gives 106.1 people per square kilometre.

The 2021 Census population places it at rank 142 in the province.

Compared with the other 361 covered Alberta places, Redwater ranks 142 by population.

Products compared here

Each product below has its own page, and the Alberta position applies to all of them.

• Cash advance loans: Immediate short-term cash, including the difference between a cash advance on credit and a payday-style advance.
• Lines of credit: A revolving limit you draw on and repay, usually paying interest only on what is outstanding.

Redwater sits at rank 142 within Alberta in this data set, and the provincial rules apply as they do elsewhere.

The density figure for Redwater, 106.1 people per square kilometre, is calculated from the population and land area above.

Redwater ranks 142 by 2021 Census population among the covered places in Alberta.

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

Redwater is one of 361 covered Alberta places, counted at 2,115 residents with a land area of 19.9 square kilometres.

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

The land area recorded for Redwater is 19.9 square kilometres, and the population is 2,115 residents in the 2021 Census.

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

Redwater appears in the census record with 2,115 residents, and the density of 106.1 people per square kilometre follows from it.

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

At 2,115 residents in the 2021 Census, Redwater is listed alongside the other covered places in Alberta.

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

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

Population and land area figures come from Statistics Canada's 2021 Census of Population; regulatory statements are attributed to the federal Payday Lending Regulations (SOR/2024-114).

Lending rules change, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators where the current position is confirmed.