Borrowing in Ashcroft, British Columbia

A loan taken out in Ashcroft is governed by British Columbia's licensing rules, and the 2021 Census counted 1,670 people in the community.

The British Columbia rules that apply

Provincial or territorial law decides who may lend in British Columbia, and the Financial Consumer Agency of Canada publishes the list that names the regulator responsible.

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.

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

How borrowing works locally

A broker arranges credit but does not lend, and the lender remains the party that makes the decision.

A revolving product charges interest on the outstanding balance, while an instalment product charges a fixed schedule of payments. A lender may ask for proof of address, and a permanent address is a standard requirement for consumer credit.

The census figures for Ashcroft

1,670 people were counted in Ashcroft in the 2021 Census. The census records a land area of 50.9 square kilometres for Ashcroft.

The arithmetic gives 32.8 people per square kilometre.

Among covered British Columbia places, Ashcroft sits at rank 225 by population.

Ashcroft therefore appears at rank 225 of 460 covered British Columbia places, with a density of 32.8 people per square kilometre.

Products compared here

Among the 20 products compared here, these two are commonly used for the purposes described.

• Lines of credit: A revolving limit you draw on and repay, usually paying interest only on what is outstanding.
• Home renovation loans: Paying for work on a property, from a small unsecured instalment loan to a secured renovation product.

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

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

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

Ashcroft ranks 225 by 2021 Census population among the covered places in British Columbia.

The density figure for Ashcroft, 32.8 people per square kilometre, is calculated from the population and land area above.

Ashcroft appears in the census record with 1,670 residents, and the density of 32.8 people per square kilometre follows from it.

Ashcroft sits at rank 225 within British Columbia in this data set, and the provincial rules apply as they do elsewhere.

The land area recorded for Ashcroft is 50.9 square kilometres, and the population is 1,670 residents in the 2021 Census.

At 1,670 residents in the 2021 Census, Ashcroft is listed alongside the other covered places in British Columbia.

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

Ashcroft is one of 460 covered British Columbia places, counted at 1,670 residents with a land area of 50.9 square kilometres.

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

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).

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