Borrowing in Kitimat, British Columbia

A loan taken out in Kitimat is governed by British Columbia's licensing rules, and the 2021 Census counted 8,236 people in the community.

How borrowing works locally

A payday advance is repaid on a pay date, while an instalment loan is repaid over a set number of payments.

A lender's assessment looks at income, existing obligations, the credit file, and the asset pledged where there is one. A deposit or trade-in reduces the amount financed and therefore the interest charged over the term.

Products compared here

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

• 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.

The census figures for Kitimat

In the 2021 Census, Kitimat had 8,236 residents. The census records a land area of 239.3 square kilometres for Kitimat.

The calculated density is 34.4 people per square kilometre.

The community is the 71st largest place in the province within this census set.

Kitimat sits at rank 71 among the 460 British Columbia places here, with 8,236 residents in the 2021 Census.

The British Columbia rules that apply

The regulator for consumer credit in British Columbia is the body listed by the federal Payday Lending Regulations (SOR/2024-114) 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.

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

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

At 8,236 residents in the 2021 Census, Kitimat is listed alongside the other covered places in British Columbia.

Kitimat appears in the census record with 8,236 residents, and the density of 34.4 people per square kilometre follows from it.

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

Kitimat is one of 460 covered British Columbia places, counted at 8,236 residents with a land area of 239.3 square kilometres.

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

Kitimat sits at rank 71 within British Columbia in this data set, and the provincial rules apply as they do elsewhere.

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

The land area recorded for Kitimat is 239.3 square kilometres, and the population is 8,236 residents in the 2021 Census.

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

Kitimat ranks 71 by 2021 Census population among the covered places in British Columbia.

The density figure for Kitimat, 34.4 people per square kilometre, is calculated from the population and land area above.

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.

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