Borrowing in Cole Bay 3, British Columbia

Cole Bay 3 is one of the British Columbia communities covered here, with a 2021 Census population of 266, and borrowing there is licensed under British Columbia's consumer credit rules.

How borrowing works locally

A lender may ask for proof of address, and a permanent address is a standard requirement for consumer credit.

A prepayment privilege allows a borrower to pay more than the scheduled amount, sometimes with a charge attached. A lender's assessment looks at income, existing obligations, the credit file, and the asset pledged where there is one.

Products compared here

Two of the 20 covered products appear below, each with the purpose the product is designed for.

• Emergency loans: Money for an urgent expense, and the order in which a sensible borrower works through the options.
• Unsecured loans: Borrowing with no asset pledged, priced for the risk the lender is taking on your file alone.

The census figures for Cole Bay 3

Population for Cole Bay 3 stands at 266 in the 2021 Census. Its land area is 2.8 square kilometres.

That gives a density of 94.3 people per square kilometre, rounded to one decimal place.

Among covered British Columbia places, Cole Bay 3 sits at rank 378 by population.

Cole Bay 3 sits at rank 378 among the 460 British Columbia places here, with 266 residents in the 2021 Census.

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.

Small places are covered the same way as large ones: census figures for the place, and the provincial position on lending.

Nothing on the Cole Bay 3 page is estimated; the population and land area come from Statistics Canada's 2021 Census of Population.

At 266 residents in the 2021 Census, Cole Bay 3 is listed alongside the other covered places in British Columbia.

The density figure for Cole Bay 3, 94.3 people per square kilometre, is calculated from the population and land area above.

Cole Bay 3 appears in the census record with 266 residents, and the density of 94.3 people per square kilometre follows from it.

The Cole Bay 3 page follows the same structure as every other place page, with population, land area, density and rank.

For Cole Bay 3, the two census fields above are the only local statistics used anywhere on the page.

Cole Bay 3 ranks 378 by 2021 Census population among the covered places in British Columbia.

Cole Bay 3 sits at rank 378 within British Columbia in this data set, and the provincial rules apply as they do elsewhere.

Where a figure for Cole Bay 3 could not be verified, the page names the publisher instead of printing a number.

Cole Bay 3 is one of 460 covered British Columbia places, counted at 266 residents with a land area of 2.8 square kilometres.

Readers comparing Cole Bay 3 with another community can use the same four census fields.

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.