Borrowing in Burns Lake, British Columbia

A loan taken out in Burns Lake is governed by British Columbia's licensing rules, and the 2021 Census counted 1,659 people in the community.

The British Columbia rules that apply

Consumer credit in British Columbia is licensed by the provincial or territorial regulator, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators.

Payday lending is licensed in British Columbia; the federal Payday Lending Regulations (SOR/2024-114) publish a cap of $14 per $100 advanced, and notes that a province may set a lower figure.

Places in the smallest population band are grouped here as small communities, and the pages carry the same census fields and the same provincial rules as the largest city.

The census figures for Burns Lake

Statistics Canada's 2021 Census gives Burns Lake a population of 1,659. Its land area is 6.5 square kilometres.

The arithmetic gives 253.7 people per square kilometre.

Its provincial population rank is 227 within this data set.

Burns Lake therefore appears at rank 227 of 460 covered British Columbia places, with a density of 253.7 people per square kilometre.

Products compared here

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

• Mortgage refinancing: Replacing an existing mortgage to change the rate, the term or the amount borrowed, and what it costs.
• Cash advance loans: Immediate short-term cash, including the difference between a cash advance on credit and a payday-style advance.

How borrowing works locally

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

Debt management plans are administered by accredited credit counsellors, and they are not loans. Adding a co-signer puts a second file in front of the lender and adds a second person to the obligation.

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

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

Burns Lake ranks 227 by 2021 Census population among the covered places in British Columbia.

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

The density figure for Burns Lake, 253.7 people per square kilometre, is calculated from the population and land area above.

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

Burns Lake is one of 460 covered British Columbia places, counted at 1,659 residents with a land area of 6.5 square kilometres.

The land area recorded for Burns Lake is 6.5 square kilometres, and the population is 1,659 residents in the 2021 Census.

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

At 1,659 residents in the 2021 Census, Burns Lake is listed alongside the other covered places in British Columbia.

Burns Lake sits at rank 227 within British Columbia in this data set, and the provincial rules apply as they do elsewhere.

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).

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.