Borrowing in Cumberland, British Columbia

Cumberland, British Columbia, recorded a population of 4,447 in the 2021 Census; the rules that govern a loan signed there are provincial.

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.

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 is a small community by population, inside the lowest band used on this site, and the provincial framework applies without variation.

How borrowing works locally

A provincial regulator publishes licensing requirements, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators.

A longer amortisation lowers each payment and raises the total interest paid over the life of the loan. An application usually asks for identification, income evidence, banking details and a statement of obligations.

The census figures for Cumberland

4,447 people were counted in Cumberland in the 2021 Census. Land area for Cumberland is 29.0 square kilometres in the same census.

That gives a density of 153.1 people per square kilometre, rounded to one decimal place.

The community is the 111th largest place in the province within this census set.

Cumberland is one of 460 places listed for British Columbia, ranked 111 by population and measured at 29.0 square kilometres.

Products compared here

The product pages behind this city cover the following borrowing categories, among the 20 products compared nationally.

• 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.

Cumberland appears in the census record with 4,447 residents, and the density of 153.1 people per square kilometre follows from it.

Cumberland ranks 111 by 2021 Census population among the covered places in British Columbia.

At 4,447 residents in the 2021 Census, Cumberland is listed alongside the other covered places in British Columbia.

The land area recorded for Cumberland is 29.0 square kilometres, and the population is 4,447 residents in the 2021 Census.

The density figure for Cumberland, 153.1 people per square kilometre, is calculated from the population and land area above.

Cumberland is one of 460 covered British Columbia places, counted at 4,447 residents with a land area of 29.0 square kilometres.

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

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

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

Cumberland sits at rank 111 within British Columbia in this data set, and the provincial rules apply as they do elsewhere.

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

For Cumberland, 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.

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.

Lending rules change, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators where the current position is confirmed.