Borrowing in Wabasca 166, Alberta

Wabasca 166, Alberta, recorded a population of 158 in the 2021 Census; the rules that govern a loan signed there are provincial.

How borrowing works locally

Interest on a line of credit accrues only on the drawn portion, not on the unused limit.

A revolving product charges interest on the outstanding balance, while an instalment product charges a fixed schedule of payments. A lender is free to set its own price below the legal ceiling, and it does so according to the risk it reads in the file.

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.

• Business lines of credit: A revolving operating limit for a business, and why it behaves differently from a term loan.
• Collateral loans: Borrowing against an asset a lender will hold, from vehicles to savings, and what happens on default.

The census figures for Wabasca 166

Wabasca 166 recorded a population of 158 in Statistics Canada's 2021 Census of Population. The community covers 84.6 square kilometres of land.

The calculated density is 1.9 people per square kilometre.

By population it ranks 337 among the Alberta places covered here.

Compared with the other 361 covered Alberta places, Wabasca 166 ranks 337 by population.

The Alberta rules that apply

The body that licenses consumer lending in Alberta is the regulator named on the federal Payday Lending Regulations (SOR/2024-114)'s list of provincial and territorial regulators.

A payday advance in Alberta falls under a provincial licensing regime, and the cost of borrowing is capped at $14 per $100 advanced according to the federal Payday Lending Regulations (SOR/2024-114).

At the small end of the census range, the community still borrows inside the province's licensing system.

Wabasca 166 is one of 361 covered Alberta places, counted at 158 residents with a land area of 84.6 square kilometres.

Wabasca 166 appears in the census record with 158 residents, and the density of 1.9 people per square kilometre follows from it.

The land area recorded for Wabasca 166 is 84.6 square kilometres, and the population is 158 residents in the 2021 Census.

Nothing on the Wabasca 166 page is estimated; the population and land area come from Statistics Canada's 2021 Census of Population.

Where a figure for Wabasca 166 could not be verified, the page names the publisher instead of printing a number.

For Wabasca 166, the two census fields above are the only local statistics used anywhere on the page.

Wabasca 166 ranks 337 by 2021 Census population among the covered places in Alberta.

Wabasca 166 sits at rank 337 within Alberta in this data set, and the provincial rules apply as they do elsewhere.

The density figure for Wabasca 166, 1.9 people per square kilometre, is calculated from the population and land area above.

At 158 residents in the 2021 Census, Wabasca 166 is listed alongside the other covered places in Alberta.

The Wabasca 166 page follows the same structure as every other place page, with population, land area, density and rank.

Readers comparing Wabasca 166 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.

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).

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