Borrowing in Esquimalt, British Columbia

With 120 residents counted in the 2021 Census, Esquimalt sits inside British Columbia's provincial lending framework.

How borrowing works locally

Debt management plans are administered by accredited credit counsellors, and they are not loans.

Disclosure requirements mean the cost of borrowing must be stated before an agreement is signed. A lender's assessment looks at income, existing obligations, the credit file, and the asset pledged where there is one.

Products compared here

Among the 20 products compared here, these two are commonly used for the purposes described.

• Business lines of credit: A revolving operating limit for a business, and why it behaves differently from a term loan.
• Collateral loans: Borrowing against an asset a lender will hold, from vehicles to savings, and what happens on default.

The census figures for Esquimalt

Esquimalt recorded a population of 120 in Statistics Canada's 2021 Census of Population. Land area for Esquimalt is 0.2 square kilometres in the same census.

That gives a density of 545.5 people per square kilometre, rounded to one decimal place.

The community is the 444th largest place in the province within this census set.

Compared with the other 460 covered British Columbia places, Esquimalt ranks 444 by population.

The British Columbia rules that apply

The body that licenses consumer lending in British Columbia is the regulator named on the federal Payday Lending Regulations (SOR/2024-114)'s list of 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.

At the small end of the census range, the community still borrows inside the province's licensing system.

The land area recorded for Esquimalt is 0.2 square kilometres, and the population is 120 residents in the 2021 Census.

The density figure for Esquimalt, 545.5 people per square kilometre, is calculated from the population and land area above.

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

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

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

Esquimalt sits at rank 444 within British Columbia in this data set, and the provincial rules apply as they do elsewhere.

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

Esquimalt appears in the census record with 120 residents, and the density of 545.5 people per square kilometre follows from it.

At 120 residents in the 2021 Census, Esquimalt is listed alongside the other covered places in British Columbia.

Esquimalt ranks 444 by 2021 Census population among the covered places in British Columbia.

Esquimalt is one of 460 covered British Columbia places, counted at 120 residents with a land area of 0.2 square kilometres.

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.

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