Borrowing in Slave Lake, Alberta

Slave Lake is one of the Alberta communities covered here, with a 2021 Census population of 6,836, and borrowing there is licensed under Alberta's consumer credit rules.

The census figures for Slave Lake

The 2021 Census counted 6,836 residents in Slave Lake. The community covers 14.3 square kilometres of land.

Dividing population by land area gives 477.7 residents per square kilometre, rounded to one decimal place.

Its provincial population rank is 70 within this data set.

The place record for Slave Lake covers 14.3 square kilometres and 6,836 residents, a density of 477.7 people per square kilometre.

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.

The federal Payday Lending Regulations (SOR/2024-114) list Alberta among the provinces that regulate payday lending, where the federal Payday Lending Regulations (SOR/2024-114) cap the cost of borrowing at $14 per $100 advanced.

Places in the lower-middle band group smaller towns and municipalities under the same provincial framework.

How borrowing works locally

A payday advance is repaid on a pay date, while an instalment loan is repaid over a set number of payments.

A lender's assessment looks at income, existing obligations, the credit file, and the asset pledged where there is one. Variable-rate products move with a reference rate, while fixed-rate products set the price for a defined term.

Products compared here

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

• No credit check loans: What lenders who advertise without a credit check actually look at instead, and where the cost goes.
• Mortgage refinancing: Replacing an existing mortgage to change the rate, the term or the amount borrowed, and what it costs.

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

Slave Lake ranks 70 by 2021 Census population among the covered places in Alberta.

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

Slave Lake is one of 361 covered Alberta places, counted at 6,836 residents with a land area of 14.3 square kilometres.

At 6,836 residents in the 2021 Census, Slave Lake is listed alongside the other covered places in Alberta.

The density figure for Slave Lake, 477.7 people per square kilometre, is calculated from the population and land area above.

The land area recorded for Slave Lake is 14.3 square kilometres, and the population is 6,836 residents in the 2021 Census.

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

Slave Lake sits at rank 70 within Alberta in this data set, and the provincial rules apply as they do elsewhere.

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

Slave Lake appears in the census record with 6,836 residents, and the density of 477.7 people per square kilometre follows from it.

Readers comparing Slave Lake 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.

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).

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