Borrowing in Homalco 9, British Columbia

Homalco 9 is one of the British Columbia places covered here, with 214 residents recorded in the 2021 Census and the same provincial rulebook as the rest of the province.

The census figures for Homalco 9

Population for Homalco 9 stands at 214 in the 2021 Census. Its land area is 0.8 square kilometres.

Population divided by land area produces a density of 274.4 people per square kilometre.

By population it ranks 406 among the British Columbia places covered here.

Homalco 9 sits at rank 406 among the 460 British Columbia places here, with 214 residents in the 2021 Census.

The British Columbia rules that apply

Licensing for consumer credit in British Columbia sits with the province or territory, and the Financial Consumer Agency of Canada maintains the public 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.

How borrowing works locally

A consumer proposal or a bankruptcy is administered by a licensed insolvency trustee rather than by a lender.

A lender may ask for proof of address, and a permanent address is a standard requirement for consumer credit. Interest on a line of credit accrues only on the drawn portion, not on the unused limit.

Products compared here

The product pages behind this city cover the following borrowing categories, among the 20 products compared nationally.

• Home equity loans: Converting property equity into credit, and the difference between a lump sum and a revolving limit.
• Payday loans: Small, short-term advances against a pay date, the most tightly regulated product in Canadian consumer credit.

Homalco 9 ranks 406 by 2021 Census population among the covered places in British Columbia.

The land area recorded for Homalco 9 is 0.8 square kilometres, and the population is 214 residents in the 2021 Census.

Where a figure for Homalco 9 could not be verified, the page names the publisher instead of printing a number.

The density figure for Homalco 9, 274.4 people per square kilometre, is calculated from the population and land area above.

Homalco 9 is one of 460 covered British Columbia places, counted at 214 residents with a land area of 0.8 square kilometres.

For Homalco 9, the two census fields above are the only local statistics used anywhere on the page.

Homalco 9 sits at rank 406 within British Columbia in this data set, and the provincial rules apply as they do elsewhere.

Nothing on the Homalco 9 page is estimated; the population and land area come from Statistics Canada's 2021 Census of Population.

Homalco 9 appears in the census record with 214 residents, and the density of 274.4 people per square kilometre follows from it.

The Homalco 9 page follows the same structure as every other place page, with population, land area, density and rank.

Readers comparing Homalco 9 with another community can use the same four census fields.

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.