Borrowing in Sunbreaker Cove, Alberta

Sunbreaker Cove is one of the Alberta places covered here, with 131 residents recorded in the 2021 Census and the same provincial rulebook as the rest of the province.

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.

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.

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

The census figures for Sunbreaker Cove

Statistics Canada's 2021 Census gives Sunbreaker Cove a population of 131. The community covers 0.5 square kilometres of land.

The calculated density is 278.7 people per square kilometre.

The community is the 348th largest place in the province within this census set.

Within Alberta, Sunbreaker Cove is place number 348 by population in this census set, at 131 residents.

Products compared here

Among the 20 products compared here, these two are commonly used for the purposes described.

• Payday loans: Small, short-term advances against a pay date, the most tightly regulated product in Canadian consumer credit.
• No credit check loans: What lenders who advertise without a credit check actually look at instead, and where the cost goes.

How borrowing works locally

Disclosure requirements mean the cost of borrowing must be stated before an agreement is signed.

A deposit or trade-in reduces the amount financed and therefore the interest charged over the term. Adding a co-signer puts a second file in front of the lender and adds a second person to the obligation.

At 131 residents in the 2021 Census, Sunbreaker Cove is listed alongside the other covered places in Alberta.

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

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

Sunbreaker Cove sits at rank 348 within Alberta in this data set, and the provincial rules apply as they do elsewhere.

Sunbreaker Cove ranks 348 by 2021 Census population among the covered places in Alberta.

Sunbreaker Cove is one of 361 covered Alberta places, counted at 131 residents with a land area of 0.5 square kilometres.

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

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

The land area recorded for Sunbreaker Cove is 0.5 square kilometres, and the population is 131 residents in the 2021 Census.

Readers comparing Sunbreaker Cove 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).

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