Borrowing in Sylvan Lake, Alberta

Sylvan Lake is one of the Alberta communities covered here, with a 2021 Census population of 15,995, and borrowing there is licensed under Alberta's consumer credit rules.

The Alberta rules that apply

Consumer lending in Alberta is licensed provincially or territorially, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators where the current position appears.

In Alberta, payday lending operates under a licensed provincial regime, and the federal Payday Lending Regulations (SOR/2024-114) record a maximum cost of borrowing of $14 for each $100 advanced under SOR/2024-114.

Places in the lower-middle band group smaller towns and municipalities under the same provincial framework.

How borrowing works locally

A provincial regulator publishes licensing requirements, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators.

A broker arranges credit but does not lend, and the lender remains the party that makes the decision. A longer amortisation lowers each payment and raises the total interest paid over the life of the loan.

The census figures for Sylvan Lake

The 2021 Census counted 15,995 residents in Sylvan Lake. Land area for Sylvan Lake is 23.1 square kilometres in the same census.

Dividing population by land area gives 692.7 residents per square kilometre, rounded to one decimal place.

The community is the 27th largest place in the province within this census set.

Compared with the other 361 covered Alberta places, Sylvan Lake ranks 27 by population.

Products compared here

These are two of the 20 products described on the site, and each has a national page as well as the provincial rules.

• Mortgage loans: Borrowing against residential property, including how a federally regulated lender tests the file.
• Debt relief programs: The formal and informal routes out of unmanageable debt in Canada, and who is licensed to run them.

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

The density figure for Sylvan Lake, 692.7 people per square kilometre, is calculated from the population and land area above.

Readers comparing Sylvan Lake with another community can use the same four census fields.

Sylvan Lake is one of 361 covered Alberta places, counted at 15,995 residents with a land area of 23.1 square kilometres.

Sylvan Lake ranks 27 by 2021 Census population among the covered places in Alberta.

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

At 15,995 residents in the 2021 Census, Sylvan Lake is listed alongside the other covered places in Alberta.

The land area recorded for Sylvan Lake is 23.1 square kilometres, and the population is 15,995 residents in the 2021 Census.

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

Sylvan Lake sits at rank 27 within Alberta in this data set, and the provincial rules apply as they do elsewhere.

Sylvan Lake appears in the census record with 15,995 residents, and the density of 692.7 people per square kilometre follows from it.

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

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.