Borrowing in Spruce Grove, Alberta

Spruce Grove is one of the Alberta communities covered here, with a 2021 Census population of 37,645, and borrowing there is licensed under Alberta's consumer credit rules.

Products compared here

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

• 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

Joint applications combine two incomes and two sets of obligations in the same assessment.

A credit file is compiled by private agencies from information lenders and other creditors report. Interest on a line of credit accrues only on the drawn portion, not on the unused limit.

The Alberta rules that apply

The regulator for consumer credit in Alberta is the body listed by the federal Payday Lending Regulations (SOR/2024-114) provincial and territorial regulators.

Payday lending is licensed in Alberta; the federal Payday Lending Regulations (SOR/2024-114) publish a cap of $14 per $100 advanced, and notes that a province may set a lower figure.

Mid-sized places carry the same product list and the same provincial position as the largest city in the province.

The census figures for Spruce Grove

The 2021 Census counted 37,645 residents in Spruce Grove. Statistics Canada lists 37.5 square kilometres of land for the community.

The arithmetic gives 1003.3 people per square kilometre.

The 2021 Census population places it at rank 12 in the province.

Spruce Grove sits at rank 12 among the 361 Alberta places here, with 37,645 residents in the 2021 Census.

The land area recorded for Spruce Grove is 37.5 square kilometres, and the population is 37,645 residents in the 2021 Census.

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

At 37,645 residents in the 2021 Census, Spruce Grove is listed alongside the other covered places in Alberta.

Spruce Grove ranks 12 by 2021 Census population among the covered places in Alberta.

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

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

Spruce Grove sits at rank 12 within Alberta in this data set, and the provincial rules apply as they do elsewhere.

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

Spruce Grove appears in the census record with 37,645 residents, and the density of 1003.3 people per square kilometre follows from it.

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

The density figure for Spruce Grove, 1003.3 people per square kilometre, is calculated from the population and land area above.

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).

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