Borrowing in Alert Bay, British Columbia

Alert Bay is one of the British Columbia places covered here, with 382 residents recorded in the 2021 Census and the same provincial rulebook as the rest of the province.

The British Columbia rules that apply

Consumer lending in British Columbia 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.

The federal Payday Lending Regulations (SOR/2024-114) list British Columbia 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.

The census figures for Alert Bay

In the 2021 Census, Alert Bay had 382 residents. The community covers 2.5 square kilometres of land.

The arithmetic gives 152.8 people per square kilometre.

Its provincial population rank is 347 within this data set.

Alert Bay therefore appears at rank 347 of 460 covered British Columbia places, with a density of 152.8 people per square kilometre.

Products compared here

The product pages behind this city cover the following borrowing categories, among the 20 products compared nationally.

• 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.

How borrowing works locally

A longer amortisation lowers each payment and raises the total interest paid over the life of the loan.

A payday advance is repaid on a pay date, while an instalment loan is repaid over a set number of payments. Debt management plans are administered by accredited credit counsellors, and they are not loans.

Alert Bay is one of 460 covered British Columbia places, counted at 382 residents with a land area of 2.5 square kilometres.

Alert Bay sits at rank 347 within British Columbia in this data set, and the provincial rules apply as they do elsewhere.

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

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

At 382 residents in the 2021 Census, Alert Bay is listed alongside the other covered places in British Columbia.

Alert Bay ranks 347 by 2021 Census population among the covered places in British Columbia.

The land area recorded for Alert Bay is 2.5 square kilometres, and the population is 382 residents in the 2021 Census.

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

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

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

The density figure for Alert Bay, 152.8 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.

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 same structure is used for every place covered, so two communities can be compared field by field: population, land area, density, rank, and the provincial rules.