Borrowing in Hope, British Columbia

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

The census figures for Hope

Statistics Canada's 2021 Census gives Hope a population of 6,686. Statistics Canada lists 40.9 square kilometres of land for the community.

The calculated density is 163.6 people per square kilometre.

The community is the 81st largest place in the province within this census set.

Hope is one of 460 places listed for British Columbia, ranked 81 by population and measured at 40.9 square kilometres.

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.

Payday lending is licensed in British Columbia; the federal Payday Lending Regulations (SOR/2024-114) publish a cap of $14 per $100 advanced, and notes that a province may set a lower figure.

Municipalities of this size are grouped together here, with the province setting the licensing position for all of them.

How borrowing works locally

A provincial regulator publishes licensing requirements, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators.

Payment history is reported to credit agencies, and that record is what builds or damages a credit file over time. A deposit or trade-in reduces the amount financed and therefore the interest charged over the term.

Products compared here

The site describes 20 products in total; the two below are representative of the range.

• 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.

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

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

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

Hope is one of 460 covered British Columbia places, counted at 6,686 residents with a land area of 40.9 square kilometres.

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

The land area recorded for Hope is 40.9 square kilometres, and the population is 6,686 residents in the 2021 Census.

The density figure for Hope, 163.6 people per square kilometre, is calculated from the population and land area above.

Hope ranks 81 by 2021 Census population among the covered places in British Columbia.

Hope sits at rank 81 within British Columbia in this data set, and the provincial rules apply as they do elsewhere.

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

At 6,686 residents in the 2021 Census, Hope is listed alongside the other covered places in British Columbia.

Hope appears in the census record with 6,686 residents, and the density of 163.6 people per square kilometre follows from it.

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.

Compare the disclosure on any agreement against the provincial ceiling, and treat the census figures as the only local statistics on the page.