Borrowing in Burnaby, British Columbia

Burnaby is one of the British Columbia places covered here, with 249,125 residents recorded in the 2021 Census and the same provincial rulebook as the rest of the province.

How borrowing works locally

Disclosure requirements mean the cost of borrowing must be stated before an agreement is signed.

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.

Products compared here

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

• Business lines of credit: A revolving operating limit for a business, and why it behaves differently from a term loan.
• Collateral loans: Borrowing against an asset a lender will hold, from vehicles to savings, and what happens on default.

The census figures for Burnaby

Burnaby recorded a population of 249,125 in Statistics Canada's 2021 Census of Population. 90.6 square kilometres of land are attributed to Burnaby.

On those two figures, density is 2750.6 residents per square kilometre when rounded to one decimal place.

The 2021 Census population places it at rank 3 in the province.

Compared with the other 460 covered British Columbia places, Burnaby ranks 3 by population.

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) 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.

Communities in the upper-middle band sit below the largest cities but above the small-town range, and the rules remain provincial.

At 249,125 residents in the 2021 Census, Burnaby is listed alongside the other covered places in British Columbia.

The density figure for Burnaby, 2750.6 people per square kilometre, is calculated from the population and land area above.

Burnaby ranks 3 by 2021 Census population among the covered places in British Columbia.

Burnaby sits at rank 3 within British Columbia in this data set, and the provincial rules apply as they do elsewhere.

Burnaby is one of 460 covered British Columbia places, counted at 249,125 residents with a land area of 90.6 square kilometres.

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

The land area recorded for Burnaby is 90.6 square kilometres, and the population is 249,125 residents in the 2021 Census.

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

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

Burnaby appears in the census record with 249,125 residents, and the density of 2750.6 people per square kilometre follows from it.

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

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.