Borrowing in Spirit River, Alberta

A loan taken out in Spirit River is governed by Alberta's licensing rules, and the 2021 Census counted 849 people in the community.

The census figures for Spirit River

In the 2021 Census, Spirit River had 849 residents. The community covers 3.1 square kilometres of land.

The arithmetic gives 273.0 people per square kilometre.

The community is the 207th largest place in the province within this census set.

Spirit River sits at rank 207 among the 361 Alberta places here, with 849 residents in the 2021 Census.

Products compared here

Two of the 20 covered products appear below, each with the purpose the product is designed for.

• Debt relief programs: The formal and informal routes out of unmanageable debt in Canada, and who is licensed to run them.
• Bad credit loans: Borrowing when the credit file is damaged, and what changes about price and security as a result.

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) 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.

At the small end of the census range, the community still borrows inside the province's licensing system.

How borrowing works locally

Interest on a line of credit accrues only on the drawn portion, not on the unused limit.

A lender is free to set its own price below the legal ceiling, and it does so according to the risk it reads in the file. Joint applications combine two incomes and two sets of obligations in the same assessment.

The land area recorded for Spirit River is 3.1 square kilometres, and the population is 849 residents in the 2021 Census.

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

Spirit River ranks 207 by 2021 Census population among the covered places in Alberta.

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

Spirit River is one of 361 covered Alberta places, counted at 849 residents with a land area of 3.1 square kilometres.

The density figure for Spirit River, 273.0 people per square kilometre, is calculated from the population and land area above.

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

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

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

Spirit River sits at rank 207 within Alberta in this data set, and the provincial rules apply as they do elsewhere.

Spirit River appears in the census record with 849 residents, and the density of 273.0 people per square kilometre follows from it.

At 849 residents in the 2021 Census, Spirit River is listed alongside the other 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.

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.

The provincial rules apply wherever a borrower is in Alberta; a municipal boundary does not change them.