Borrowing in Elkford, British Columbia

Elkford, British Columbia, recorded a population of 2,749 in the 2021 Census; the rules that govern a loan signed there are provincial.

Products compared here

Two of the 20 covered products appear below, each with the purpose the product is designed for.

• Secured loans: Borrowing against an asset, which lowers the price but puts the asset at risk if you default.
• Business lines of credit: A revolving operating limit for a business, and why it behaves differently from a term loan.

How borrowing works locally

Disclosure requirements mean the cost of borrowing must be stated before an agreement is signed.

Adding a co-signer puts a second file in front of the lender and adds a second person to the obligation. A provincial regulator publishes licensing requirements, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators.

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.

Places in the smallest population band are grouped here as small communities, and the pages carry the same census fields and the same provincial rules as the largest city.

The census figures for Elkford

2,749 people were counted in Elkford in the 2021 Census. The census records a land area of 108.1 square kilometres for Elkford.

The arithmetic gives 25.4 people per square kilometre.

The community is the 169th largest place in the province within this census set.

Elkford therefore appears at rank 169 of 460 covered British Columbia places, with a density of 25.4 people per square kilometre.

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

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

The density figure for Elkford, 25.4 people per square kilometre, is calculated from the population and land area above.

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

Elkford appears in the census record with 2,749 residents, and the density of 25.4 people per square kilometre follows from it.

At 2,749 residents in the 2021 Census, Elkford is listed alongside the other covered places in British Columbia.

Elkford sits at rank 169 within British Columbia in this data set, and the provincial rules apply as they do elsewhere.

The land area recorded for Elkford is 108.1 square kilometres, and the population is 2,749 residents in the 2021 Census.

Elkford ranks 169 by 2021 Census population among the covered places in British Columbia.

Elkford is one of 460 covered British Columbia places, counted at 2,749 residents with a land area of 108.1 square kilometres.

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

For Elkford, 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.

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).

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