Borrowing in Comox Valley A, British Columbia

A loan taken out in Comox Valley A is governed by British Columbia's licensing rules, and the 2021 Census counted 7,926 people in the community.

The census figures for Comox Valley A

Statistics Canada's 2021 Census gives Comox Valley A a population of 7,926. 491.3 square kilometres of land are attributed to Comox Valley A.

Population divided by land area produces a density of 16.1 people per square kilometre.

The community is the 75th largest place in the province within this census set.

Compared with the other 460 covered British Columbia places, Comox Valley A ranks 75 by population.

The British Columbia rules that apply

Provincial or territorial law decides who may lend in British Columbia, and the Financial Consumer Agency of Canada publishes the list that names the regulator responsible.

A payday advance in British Columbia falls under a provincial licensing regime, and the cost of borrowing is capped at $14 per $100 advanced according to the federal Payday Lending Regulations (SOR/2024-114).

This community sits in the lower-middle population band, which changes the census figures rather than the rules.

How borrowing works locally

A mortgage is registered against the property, which is what gives the lender its claim.

A provincial regulator publishes licensing requirements, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators. Interest on a line of credit accrues only on the drawn portion, not on the unused limit.

Products compared here

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

• Collateral loans: Borrowing against an asset a lender will hold, from vehicles to savings, and what happens on default.
• Car loans: Financing a vehicle, including the effect of trade-in equity, negative equity and dealer-arranged credit.

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

Comox Valley A ranks 75 by 2021 Census population among the covered places in British Columbia.

Comox Valley A is one of 460 covered British Columbia places, counted at 7,926 residents with a land area of 491.3 square kilometres.

Comox Valley A sits at rank 75 within British Columbia in this data set, and the provincial rules apply as they do elsewhere.

At 7,926 residents in the 2021 Census, Comox Valley A is listed alongside the other covered places in British Columbia.

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

Comox Valley A appears in the census record with 7,926 residents, and the density of 16.1 people per square kilometre follows from it.

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

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

The land area recorded for Comox Valley A is 491.3 square kilometres, and the population is 7,926 residents in the 2021 Census.

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

The density figure for Comox Valley A, 16.1 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.

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 provincial rules apply wherever a borrower is in British Columbia; a municipal boundary does not change them.