Borrowing in Comox 1, British Columbia

Comox 1 is one of the British Columbia places covered here, with 291 residents recorded in the 2021 Census and the same provincial rulebook as the rest of the province.

Products compared here

The site describes 20 products in total; the two below are representative of the range.

• Mortgage loans: Borrowing against residential property, including how a federally regulated lender tests the file.
• Debt relief programs: The formal and informal routes out of unmanageable debt in Canada, and who is licensed to run them.

How borrowing works locally

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

Joint applications combine two incomes and two sets of obligations in the same assessment. Interest on a line of credit accrues only on the drawn portion, not on the unused limit.

The British Columbia rules that apply

The regulator for consumer credit in British Columbia is the body listed by the federal Payday Lending Regulations (SOR/2024-114) provincial and territorial regulators.

The federal payday lending regulations, SOR/2024-114, cap the cost of borrowing at $14 per $100 advanced in British Columbia, which the federal Payday Lending Regulations (SOR/2024-114) list as a province that regulates the product.

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

The census figures for Comox 1

The 2021 Census counted 291 residents in Comox 1. 0.6 square kilometres of land are attributed to Comox 1.

The calculated density is 501.7 people per square kilometre.

By population it ranks 373 among the British Columbia places covered here.

Comox 1 is one of 460 places listed for British Columbia, ranked 373 by population and measured at 0.6 square kilometres.

The density figure for Comox 1, 501.7 people per square kilometre, is calculated from the population and land area above.

The land area recorded for Comox 1 is 0.6 square kilometres, and the population is 291 residents in the 2021 Census.

At 291 residents in the 2021 Census, Comox 1 is listed alongside the other covered places in British Columbia.

Comox 1 appears in the census record with 291 residents, and the density of 501.7 people per square kilometre follows from it.

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

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

Comox 1 ranks 373 by 2021 Census population among the covered places in British Columbia.

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

Comox 1 sits at rank 373 within British Columbia in this data set, and the provincial rules apply as they do elsewhere.

Comox 1 is one of 460 covered British Columbia places, counted at 291 residents with a land area of 0.6 square kilometres.

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

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

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.