Borrowing in Cheam 1, British Columbia

With 207 residents counted in the 2021 Census, Cheam 1 sits inside British Columbia's provincial lending framework.

The census figures for Cheam 1

Population for Cheam 1 stands at 207 in the 2021 Census. The census records a land area of 3.5 square kilometres for Cheam 1.

On those two figures, density is 59.1 residents per square kilometre when rounded to one decimal place.

Its provincial population rank is 410 within this data set.

Compared with the other 460 covered British Columbia places, Cheam 1 ranks 410 by population.

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 British Columbia rules that apply

The body that licenses consumer lending in British Columbia is the regulator named on the federal Payday Lending Regulations (SOR/2024-114)'s 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.

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

How borrowing works locally

A payday advance is repaid on a pay date, while an instalment loan is repaid over a set number of payments.

An application usually asks for identification, income evidence, banking details and a statement of obligations. A broker arranges credit but does not lend, and the lender remains the party that makes the decision.

Readers comparing Cheam 1 with another community can use the same four census fields.

Cheam 1 is one of 460 covered British Columbia places, counted at 207 residents with a land area of 3.5 square kilometres.

Cheam 1 appears in the census record with 207 residents, and the density of 59.1 people per square kilometre follows from it.

At 207 residents in the 2021 Census, Cheam 1 is listed alongside the other covered places in British Columbia.

Where a figure for Cheam 1 could not be verified, the page names the publisher instead of printing a number.

Cheam 1 ranks 410 by 2021 Census population among the covered places in British Columbia.

The Cheam 1 page follows the same structure as every other place page, with population, land area, density and rank.

Nothing on the Cheam 1 page is estimated; the population and land area come from Statistics Canada's 2021 Census of Population.

Cheam 1 sits at rank 410 within British Columbia in this data set, and the provincial rules apply as they do elsewhere.

The land area recorded for Cheam 1 is 3.5 square kilometres, and the population is 207 residents in the 2021 Census.

For Cheam 1, the two census fields above are the only local statistics used anywhere on the page.

The density figure for Cheam 1, 59.1 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.

The 2021 Census of Population published by Statistics Canada is the source for population and land area; the federal Payday Lending Regulations (SOR/2024-114) are the source for payday rules.

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