Borrowing in Duncan, British Columbia

This page covers borrowing in Duncan, British Columbia: the census facts, the provincial rules, and the products people compare.

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.

The lower-middle band covers towns of moderate size, none of which sets its own lending rules.

The census figures for Duncan

The 2021 Census counted 5,047 residents in Duncan. Land area for Duncan is 2.1 square kilometres in the same census.

The calculated density is 2450.0 people per square kilometre.

The 2021 Census population places it at rank 100 in the province.

Compared with the other 460 covered British Columbia places, Duncan ranks 100 by population.

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.

How borrowing works locally

A credit file is compiled by private agencies from information lenders and other creditors report.

Variable-rate products move with a reference rate, while fixed-rate products set the price for a defined term. Adding a co-signer puts a second file in front of the lender and adds a second person to the obligation.

Duncan appears in the census record with 5,047 residents, and the density of 2450.0 people per square kilometre follows from it.

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

Duncan ranks 100 by 2021 Census population among the covered places in British Columbia.

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

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

The land area recorded for Duncan is 2.1 square kilometres, and the population is 5,047 residents in the 2021 Census.

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

Duncan is one of 460 covered British Columbia places, counted at 5,047 residents with a land area of 2.1 square kilometres.

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

The density figure for Duncan, 2450.0 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.

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.

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