Borrowing in Sunset Point, Alberta

Sunset Point is one of the Alberta communities covered here, with a 2021 Census population of 257, and borrowing there is licensed under Alberta's consumer credit rules.

The census figures for Sunset Point

Sunset Point recorded a population of 257 in Statistics Canada's 2021 Census of Population. 1.2 square kilometres of land are attributed to Sunset Point.

Dividing population by land area gives 219.7 residents per square kilometre, rounded to one decimal place.

Sunset Point ranks 293 by population among the Alberta places on this site.

Compared with the other 361 covered Alberta places, Sunset Point ranks 293 by population.

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, cap the cost of borrowing at $14 per $100 advanced in Alberta, which the federal Payday Lending Regulations (SOR/2024-114) list as a province that regulates the product.

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

How borrowing works locally

Variable-rate products move with a reference rate, while fixed-rate products set the price for a defined term.

Adding a co-signer puts a second file in front of the lender and adds a second person to the obligation. A broker arranges credit but does not lend, and the lender remains the party that makes the decision.

Products compared here

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

• Business loans: Commercial borrowing, what lenders read in a business file, and how the assessment differs from personal credit.
• Instalment loans: A fixed number of fixed payments, sized larger and longer than a payday advance.

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

At 257 residents in the 2021 Census, Sunset Point is listed alongside the other covered places in Alberta.

Readers comparing Sunset Point with another community can use the same four census fields.

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

Sunset Point appears in the census record with 257 residents, and the density of 219.7 people per square kilometre follows from it.

The land area recorded for Sunset Point is 1.2 square kilometres, and the population is 257 residents in the 2021 Census.

Sunset Point is one of 361 covered Alberta places, counted at 257 residents with a land area of 1.2 square kilometres.

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

Sunset Point sits at rank 293 within Alberta in this data set, and the provincial rules apply as they do elsewhere.

Sunset Point ranks 293 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.

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).

Lending rules change, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators where the current position is confirmed.