Borrowing in Lax Kw'alaams 1, British Columbia

A loan taken out in Lax Kw'alaams 1 is governed by British Columbia's licensing rules, and the 2021 Census counted 627 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) list British Columbia among the provinces that regulate payday lending, where the federal Payday Lending Regulations (SOR/2024-114) cap the cost of borrowing at $14 per $100 advanced.

At the small end of the census range, the community still borrows inside the province's licensing system.

The census figures for Lax Kw'alaams 1

627 people were counted in Lax Kw'alaams 1 in the 2021 Census. The census records a land area of 108.8 square kilometres for Lax Kw'alaams 1.

On those two figures, density is 5.8 residents per square kilometre when rounded to one decimal place.

Among covered British Columbia places, Lax Kw'alaams 1 sits at rank 305 by population.

Compared with the other 460 covered British Columbia places, Lax Kw'alaams 1 ranks 305 by population.

Products compared here

Two of the 20 covered products appear below, each with the purpose the product is designed for.

• No credit check loans: What lenders who advertise without a credit check actually look at instead, and where the cost goes.
• Mortgage refinancing: Replacing an existing mortgage to change the rate, the term or the amount borrowed, and what it costs.

How borrowing works locally

A credit file is compiled by private agencies from information lenders and other creditors report.

A provincial regulator publishes licensing requirements, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators. A mortgage is registered against the property, which is what gives the lender its claim.

The Lax Kw'alaams 1 page follows the same structure as every other place page, with population, land area, density and rank.

Where a figure for Lax Kw'alaams 1 could not be verified, the page names the publisher instead of printing a number.

Lax Kw'alaams 1 is one of 460 covered British Columbia places, counted at 627 residents with a land area of 108.8 square kilometres.

At 627 residents in the 2021 Census, Lax Kw'alaams 1 is listed alongside the other covered places in British Columbia.

For Lax Kw'alaams 1, the two census fields above are the only local statistics used anywhere on the page.

Lax Kw'alaams 1 sits at rank 305 within British Columbia in this data set, and the provincial rules apply as they do elsewhere.

Lax Kw'alaams 1 appears in the census record with 627 residents, and the density of 5.8 people per square kilometre follows from it.

Nothing on the Lax Kw'alaams 1 page is estimated; the population and land area come from Statistics Canada's 2021 Census of Population.

The land area recorded for Lax Kw'alaams 1 is 108.8 square kilometres, and the population is 627 residents in the 2021 Census.

The density figure for Lax Kw'alaams 1, 5.8 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.

Population and land area figures come from Statistics Canada's 2021 Census of Population; regulatory statements are attributed to the federal Payday Lending Regulations (SOR/2024-114).

The provincial rules apply wherever a borrower is in British Columbia; a municipal boundary does not change them.