Borrowing in Wembley, Alberta

Wembley, Alberta, recorded a population of 1,432 in the 2021 Census; the rules that govern a loan signed there are provincial.

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) 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.

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

How borrowing works locally

A revolving product charges interest on the outstanding balance, while an instalment product charges a fixed schedule of payments.

A provincial regulator publishes licensing requirements, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators. A consumer proposal or a bankruptcy is administered by a licensed insolvency trustee rather than by a lender.

The census figures for Wembley

Wembley recorded a population of 1,432 in Statistics Canada's 2021 Census of Population. 4.7 square kilometres of land are attributed to Wembley.

Population divided by land area produces a density of 302.1 people per square kilometre.

Its provincial population rank is 166 within this data set.

Within Alberta, Wembley is place number 166 by population in this census set, at 1,432 residents.

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.

• Secured loans: Borrowing against an asset, which lowers the price but puts the asset at risk if you default.
• Business lines of credit: A revolving operating limit for a business, and why it behaves differently from a term loan.

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

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

At 1,432 residents in the 2021 Census, Wembley is listed alongside the other covered places in Alberta.

Wembley is one of 361 covered Alberta places, counted at 1,432 residents with a land area of 4.7 square kilometres.

The land area recorded for Wembley is 4.7 square kilometres, and the population is 1,432 residents in the 2021 Census.

Wembley appears in the census record with 1,432 residents, and the density of 302.1 people per square kilometre follows from it.

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

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

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

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

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

The density figure for Wembley, 302.1 people per square kilometre, is calculated from the population and land area above.

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

Statistics Canada's 2021 Census of Population supplies the population and land-area figures, and the federal Payday Lending Regulations (SOR/2024-114) supply the payday position.

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