Borrowing in Fernie, British Columbia

With 6,320 residents counted in the 2021 Census, Fernie sits inside British Columbia's provincial lending framework.

How borrowing works locally

A mortgage is registered against the property, which is what gives the lender its claim.

A deposit or trade-in reduces the amount financed and therefore the interest charged over the term. Debt management plans are administered by accredited credit counsellors, and they are not loans.

Products compared here

Each product below has its own page, and the British Columbia position applies to all of them.

• Bad credit loans: Borrowing when the credit file is damaged, and what changes about price and security as a result.
• Home equity loans: Converting property equity into credit, and the difference between a lump sum and a revolving limit.

The census figures for Fernie

In the 2021 Census, Fernie had 6,320 residents. The census records a land area of 15.1 square kilometres for Fernie.

On those two figures, density is 418.3 residents per square kilometre when rounded to one decimal place.

Among covered British Columbia places, Fernie sits at rank 83 by population.

Fernie sits at rank 83 among the 460 British Columbia places here, with 6,320 residents in the 2021 Census.

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.

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.

Size changes the census figures, not the rules; this community falls in the lower-middle band.

Fernie appears in the census record with 6,320 residents, and the density of 418.3 people per square kilometre follows from it.

Fernie is one of 460 covered British Columbia places, counted at 6,320 residents with a land area of 15.1 square kilometres.

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

Fernie sits at rank 83 within British Columbia in this data set, and the provincial rules apply as they do elsewhere.

Fernie ranks 83 by 2021 Census population among the covered places in British Columbia.

At 6,320 residents in the 2021 Census, Fernie is listed alongside the other covered places in British Columbia.

The density figure for Fernie, 418.3 people per square kilometre, is calculated from the population and land area above.

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

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

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

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

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.

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