Borrowing in Kaslo, British Columbia

A loan taken out in Kaslo is governed by British Columbia's licensing rules, and the 2021 Census counted 1,049 people in the community.

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

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

A consumer proposal or a bankruptcy is administered by a licensed insolvency trustee rather than by a lender. A secured product gives the lender a claim on a named asset, which is why its price is usually lower than an unsecured equivalent.

The census figures for Kaslo

Statistics Canada's 2021 Census gives Kaslo a population of 1,049. The community covers 3.0 square kilometres of land.

The arithmetic gives 348.5 people per square kilometre.

By population it ranks 273 among the British Columbia places covered here.

Kaslo is one of 460 places listed for British Columbia, ranked 273 by population and measured at 3.0 square kilometres.

Products compared here

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

• 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.

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

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

Kaslo sits at rank 273 within British Columbia in this data set, and the provincial rules apply as they do elsewhere.

The land area recorded for Kaslo is 3.0 square kilometres, and the population is 1,049 residents in the 2021 Census.

Kaslo is one of 460 covered British Columbia places, counted at 1,049 residents with a land area of 3.0 square kilometres.

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

Kaslo ranks 273 by 2021 Census population among the covered places in British Columbia.

Kaslo appears in the census record with 1,049 residents, and the density of 348.5 people per square kilometre follows from it.

The density figure for Kaslo, 348.5 people per square kilometre, is calculated from the population and land area above.

For Kaslo, 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.

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 same structure is used for every place covered, so two communities can be compared field by field: population, land area, density, rank, and the provincial rules.