Borrowing in Special Area No. 2, Alberta

With 1,860 residents counted in the 2021 Census, Special Area No. 2 sits inside Alberta's provincial lending framework.

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) count Alberta among the provinces with payday lending rules, where the published maximum cost of borrowing is $14 per $100 advanced under SOR/2024-114.

The lowest band groups villages, rural municipalities and small towns, all read against the same provincial rulebook.

The census figures for Special Area No. 2

1,860 people were counted in Special Area No. 2 in the 2021 Census. 9195.1 square kilometres of land are attributed to Special Area No. 2.

The arithmetic gives 0.2 people per square kilometre.

The community is the 150th largest place in the province within this census set.

Within Alberta, Special Area No. 2 is place number 150 by population in this census set, at 1,860 residents.

Products compared here

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

• Instalment loans: A fixed number of fixed payments, sized larger and longer than a payday advance.
• Secured loans: Borrowing against an asset, which lowers the price but puts the asset at risk if you default.

How borrowing works locally

A deposit or trade-in reduces the amount financed and therefore the interest charged over the term.

Provincial licensing decides who may lend, and federal rules add a ceiling where a licensed payday regime exists. Adding a co-signer puts a second file in front of the lender and adds a second person to the obligation.

Where a figure for Special Area No. 2 could not be verified, the page names the publisher instead of printing a number.

Readers comparing Special Area No. 2 with another community can use the same four census fields.

Special Area No. 2 appears in the census record with 1,860 residents, and the density of 0.2 people per square kilometre follows from it.

For Special Area No. 2, the two census fields above are the only local statistics used anywhere on the page.

At 1,860 residents in the 2021 Census, Special Area No. 2 is listed alongside the other covered places in Alberta.

The density figure for Special Area No. 2, 0.2 people per square kilometre, is calculated from the population and land area above.

Nothing on the Special Area No. 2 page is estimated; the population and land area come from Statistics Canada's 2021 Census of Population.

The Special Area No. 2 page follows the same structure as every other place page, with population, land area, density and rank.

Special Area No. 2 sits at rank 150 within Alberta in this data set, and the provincial rules apply as they do elsewhere.

The land area recorded for Special Area No. 2 is 9195.1 square kilometres, and the population is 1,860 residents in the 2021 Census.

Special Area No. 2 ranks 150 by 2021 Census population among the covered places in Alberta.

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).

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