Borrowing in Abbotsford, British Columbia

Abbotsford, British Columbia, recorded a population of 153,524 in the 2021 Census; the rules that govern a loan signed there are provincial.

The census figures for Abbotsford

Population for Abbotsford stands at 153,524 in the 2021 Census. The community covers 375.3 square kilometres of land.

The calculated density is 409.0 people per square kilometre.

The community is the 5th largest place in the province within this census set.

Within British Columbia, Abbotsford is place number 5 by population in this census set, at 153,524 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.

• Debt relief programs: The formal and informal routes out of unmanageable debt in Canada, and who is licensed to run them.
• Bad credit loans: Borrowing when the credit file is damaged, and what changes about price and security as a result.

The British Columbia rules that apply

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

In British Columbia, 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.

This community is in the upper-middle band, and the provincial rules apply as they do across the province.

How borrowing works locally

A credit file is compiled by private agencies from information lenders and other creditors report.

Provincial licensing decides who may lend, and federal rules add a ceiling where a licensed payday regime exists. Interest on a line of credit accrues only on the drawn portion, not on the unused limit.

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

Abbotsford sits at rank 5 within British Columbia in this data set, and the provincial rules apply as they do elsewhere.

At 153,524 residents in the 2021 Census, Abbotsford is listed alongside the other covered places in British Columbia.

Abbotsford appears in the census record with 153,524 residents, and the density of 409.0 people per square kilometre follows from it.

The density figure for Abbotsford, 409.0 people per square kilometre, is calculated from the population and land area above.

Abbotsford is one of 460 covered British Columbia places, counted at 153,524 residents with a land area of 375.3 square kilometres.

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

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

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

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

Abbotsford ranks 5 by 2021 Census population among the covered places in British Columbia.

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).

The provincial rules apply wherever a borrower is in British Columbia; a municipal boundary does not change them.