Borrowing in Tofield, Alberta

Tofield, Alberta, recorded a population of 2,045 in the 2021 Census; the rules that govern a loan signed there are provincial.

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) 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.

The lowest band groups villages, rural municipalities and small towns, all read against the same provincial rulebook.

The census figures for Tofield

Tofield recorded a population of 2,045 in Statistics Canada's 2021 Census of Population. 8.2 square kilometres of land are attributed to Tofield.

The calculated density is 249.1 people per square kilometre.

Its provincial population rank is 144 within this data set.

Tofield is one of 361 places listed for Alberta, ranked 144 by population and measured at 8.2 square kilometres.

Products compared here

The site describes 20 products in total; the two below are representative of the range.

• Unsecured loans: Borrowing with no asset pledged, priced for the risk the lender is taking on your file alone.
• Business loans: Commercial borrowing, what lenders read in a business file, and how the assessment differs from personal credit.

How borrowing works locally

Payment history is reported to credit agencies, and that record is what builds or damages a credit file over time.

A lender may ask for proof of address, and a permanent address is a standard requirement for consumer credit. A shorter term raises each payment and lowers the total interest, which is the trade every schedule makes.

Tofield appears in the census record with 2,045 residents, and the density of 249.1 people per square kilometre follows from it.

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

At 2,045 residents in the 2021 Census, Tofield is listed alongside the other covered places in Alberta.

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

Tofield ranks 144 by 2021 Census population among the covered places in Alberta.

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

The density figure for Tofield, 249.1 people per square kilometre, is calculated from the population and land area above.

Tofield sits at rank 144 within Alberta in this data set, and the provincial rules apply as they do elsewhere.

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

Tofield is one of 361 covered Alberta places, counted at 2,045 residents with a land area of 8.2 square kilometres.

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

The land area recorded for Tofield is 8.2 square kilometres, and the population is 2,045 residents in the 2021 Census.

loanmoose.ca is not a lender and does not make credit decisions. The lowest rates are only available to the most qualified applicants.

The 2021 Census of Population published by Statistics Canada is the source for population and land area; the federal Payday Lending Regulations (SOR/2024-114) are the source for payday rules.

Compare the disclosure on any agreement against the provincial ceiling, and treat the census figures as the only local statistics on the page.