Borrowing in Binche 2, British Columbia

Binche 2, British Columbia, recorded a population of 118 in the 2021 Census; the rules that govern a loan signed there are provincial.

The census figures for Binche 2

The 2021 Census counted 118 residents in Binche 2. The community covers 4.6 square kilometres of land.

Dividing population by land area gives 25.5 residents per square kilometre, rounded to one decimal place.

The 2021 Census population places it at rank 446 in the province.

Compared with the other 460 covered British Columbia places, Binche 2 ranks 446 by population.

Products compared here

The site describes 20 products in total; the two below are representative of the range.

• Home equity loans: Converting property equity into credit, and the difference between a lump sum and a revolving limit.
• Payday loans: Small, short-term advances against a pay date, the most tightly regulated product in Canadian consumer credit.

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.

The federal Payday Lending Regulations (SOR/2024-114) count British Columbia among the provinces with payday lending rules, where the published maximum cost of borrowing is $14 per $100 advanced under SOR/2024-114.

Communities of this size are listed here with population, land area and density, and the lending rules remain provincial.

How borrowing works locally

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

A lender may ask for proof of address, and a permanent address is a standard requirement for consumer credit. Debt management plans are administered by accredited credit counsellors, and they are not loans.

Binche 2 is one of 460 covered British Columbia places, counted at 118 residents with a land area of 4.6 square kilometres.

Readers comparing Binche 2 with another community can use the same four census fields.

For Binche 2, the two census fields above are the only local statistics used anywhere on the page.

Binche 2 appears in the census record with 118 residents, and the density of 25.5 people per square kilometre follows from it.

Where a figure for Binche 2 could not be verified, the page names the publisher instead of printing a number.

The density figure for Binche 2, 25.5 people per square kilometre, is calculated from the population and land area above.

The land area recorded for Binche 2 is 4.6 square kilometres, and the population is 118 residents in the 2021 Census.

Binche 2 ranks 446 by 2021 Census population among the covered places in British Columbia.

Binche 2 sits at rank 446 within British Columbia in this data set, and the provincial rules apply as they do elsewhere.

Nothing on the Binche 2 page is estimated; the population and land area come from Statistics Canada's 2021 Census of Population.

At 118 residents in the 2021 Census, Binche 2 is listed alongside the other 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.

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).

Lending rules change, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators where the current position is confirmed.