Borrowing in Colwood, British Columbia

With 18,961 residents counted in the 2021 Census, Colwood sits inside British Columbia's provincial lending framework.

The British Columbia rules that apply

Consumer lending in British Columbia is licensed provincially or territorially, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators where the current position appears.

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.

Municipalities of this size are grouped together here, with the province setting the licensing position for all of them.

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 prepayment privilege allows a borrower to pay more than the scheduled amount, sometimes with a charge attached.

The census figures for Colwood

18,961 people were counted in Colwood in the 2021 Census. Its land area is 17.7 square kilometres.

The calculated density is 1073.7 people per square kilometre.

The community is the 38th largest place in the province within this census set.

The place record for Colwood covers 17.7 square kilometres and 18,961 residents, a density of 1073.7 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.

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

At 18,961 residents in the 2021 Census, Colwood is listed alongside the other covered places in British Columbia.

The land area recorded for Colwood is 17.7 square kilometres, and the population is 18,961 residents in the 2021 Census.

Colwood ranks 38 by 2021 Census population among the covered places in British Columbia.

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

Colwood appears in the census record with 18,961 residents, and the density of 1073.7 people per square kilometre follows from it.

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

Colwood sits at rank 38 within British Columbia in this data set, and the provincial rules apply as they do elsewhere.

Colwood is one of 460 covered British Columbia places, counted at 18,961 residents with a land area of 17.7 square kilometres.

The density figure for Colwood, 1073.7 people per square kilometre, is calculated from the population and land area above.

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

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

loanmoose.ca is not a lender and does not make credit decisions. The lowest rates are only available to the most qualified applicants.

Statistics Canada's 2021 Census of Population supplies the population and land-area figures, and the federal Payday Lending Regulations (SOR/2024-114) supply the payday position.

Nothing here is an offer, and no page on this site can tell anyone what a lender will decide.