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Borrowing in Douglas Lake 3, British Columbia

A guide to borrowing in Douglas Lake 3, British Columbia, with the 2021 Census population of 188 and the provincial rules that apply locally.

Province British Columbia (BC)
Population, 2021 Census 188
Land area 94.5 km²
Provincial regulator See the FCAC list

Douglas Lake 3, British Columbia, recorded a population of 188 in the 2021 Census; the rules that govern a loan signed there are provincial.

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.

Provincial licensing decides who may lend, and federal rules add a ceiling where a licensed payday regime exists. A broker arranges credit but does not lend, and the lender remains the party that makes the decision.

Products compared here

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

  • Unsecured loans: Borrowing with no asset pledged, priced for the risk the lender is taking on your file alone.
  • Business loans: Commercial borrowing, what lenders read in a business file, and how the assessment differs from personal credit.

The census figures for Douglas Lake 3

Douglas Lake 3 recorded a population of 188 in Statistics Canada's 2021 Census of Population. Land area for Douglas Lake 3 is 94.5 square kilometres in the same census.

Population divided by land area produces a density of 2.0 people per square kilometre.

By population it ranks 414 among the British Columbia places covered here.

Douglas Lake 3 therefore appears at rank 414 of 460 covered British Columbia places, with a density of 2.0 people per square kilometre.

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.

In British Columbia, payday lending operates under a licensed provincial regime, and the federal Payday Lending Regulations (SOR/2024-114) record a maximum cost of borrowing of $14 for each $100 advanced under 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.

Douglas Lake 3 ranks 414 by 2021 Census population among the covered places in British Columbia.

At 188 residents in the 2021 Census, Douglas Lake 3 is listed alongside the other covered places in British Columbia.

Douglas Lake 3 is one of 460 covered British Columbia places, counted at 188 residents with a land area of 94.5 square kilometres.

Douglas Lake 3 appears in the census record with 188 residents, and the density of 2.0 people per square kilometre follows from it.

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

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

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

Douglas Lake 3 sits at rank 414 within British Columbia in this data set, and the provincial rules apply as they do elsewhere.

The density figure for Douglas Lake 3, 2.0 people per square kilometre, is calculated from the population and land area above.

The land area recorded for Douglas Lake 3 is 94.5 square kilometres, and the population is 188 residents in the 2021 Census.

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.

Compare the disclosure on any agreement against the provincial ceiling, and treat the census figures as the only local statistics on the page.

Population and land area: Statistics Canada, Census of Population 2021, table 98-10-0002.

Borrowing in Douglas Lake 3

Personal loans A fixed sum repaid on a schedule, usually unsecured, for almost any purpose a lender will accept. Bad credit loans Borrowing when the credit file is damaged, and what changes about price and security as a result. No credit check loans What lenders who advertise without a credit check actually look at instead, and where the cost goes. Lines of credit A revolving limit you draw on and repay, usually paying interest only on what is outstanding. Unsecured loans Borrowing with no asset pledged, priced for the risk the lender is taking on your file alone. Secured loans Borrowing against an asset, which lowers the price but puts the asset at risk if you default. Car loans Financing a vehicle, including the effect of trade-in equity, negative equity and dealer-arranged credit. Mortgage loans Borrowing against residential property, including how a federally regulated lender tests the file. Home equity loans Converting property equity into credit, and the difference between a lump sum and a revolving limit. Mortgage refinancing Replacing an existing mortgage to change the rate, the term or the amount borrowed, and what it costs. Home renovation loans Paying for work on a property, from a small unsecured instalment loan to a secured renovation product. Business loans Commercial borrowing, what lenders read in a business file, and how the assessment differs from personal credit. Business lines of credit A revolving operating limit for a business, and why it behaves differently from a term loan. Debt consolidation loans Replacing several expensive debts with one payment, and the arithmetic that decides whether it helps. Debt relief programs The formal and informal routes out of unmanageable debt in Canada, and who is licensed to run them. Payday loans Small, short-term advances against a pay date, the most tightly regulated product in Canadian consumer credit. Cash advance loans Immediate short-term cash, including the difference between a cash advance on credit and a payday-style advance. Emergency loans Money for an urgent expense, and the order in which a sensible borrower works through the options. Instalment loans A fixed number of fixed payments, sized larger and longer than a payday advance. Collateral loans Borrowing against an asset a lender will hold, from vehicles to savings, and what happens on default.

Nearby places

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