Borrowing in Malachan 11, British Columbia

Malachan 11 is one of the British Columbia places covered here, with 178 residents recorded in the 2021 Census and the same provincial rulebook as the rest of the province.

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.

A payday advance in British Columbia falls under a provincial licensing regime, and the cost of borrowing is capped at $14 per $100 advanced according to the federal Payday Lending Regulations (SOR/2024-114).

Small places are covered the same way as large ones: census figures for the place, and the provincial position on lending.

The census figures for Malachan 11

Malachan 11 recorded a population of 178 in Statistics Canada's 2021 Census of Population. The community covers 0.6 square kilometres of land.

Population divided by land area produces a density of 312.3 people per square kilometre.

The 2021 Census population places it at rank 419 in the province.

Compared with the other 460 covered British Columbia places, Malachan 11 ranks 419 by population.

Products compared here

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

• Lines of credit: A revolving limit you draw on and repay, usually paying interest only on what is outstanding.
• Home renovation loans: Paying for work on a property, from a small unsecured instalment loan to a secured renovation product.

How borrowing works locally

Adding a co-signer puts a second file in front of the lender and adds a second person to the obligation.

A longer amortisation lowers each payment and raises the total interest paid over the life of the loan. Interest on a line of credit accrues only on the drawn portion, not on the unused limit.

Malachan 11 is one of 460 covered British Columbia places, counted at 178 residents with a land area of 0.6 square kilometres.

The Malachan 11 page follows the same structure as every other place page, with population, land area, density and rank.

The density figure for Malachan 11, 312.3 people per square kilometre, is calculated from the population and land area above.

Where a figure for Malachan 11 could not be verified, the page names the publisher instead of printing a number.

Malachan 11 sits at rank 419 within British Columbia in this data set, and the provincial rules apply as they do elsewhere.

At 178 residents in the 2021 Census, Malachan 11 is listed alongside the other covered places in British Columbia.

Nothing on the Malachan 11 page is estimated; the population and land area come from Statistics Canada's 2021 Census of Population.

Malachan 11 ranks 419 by 2021 Census population among the covered places in British Columbia.

For Malachan 11, the two census fields above are the only local statistics used anywhere on the page.

Readers comparing Malachan 11 with another community can use the same four census fields.

Malachan 11 appears in the census record with 178 residents, and the density of 312.3 people per square kilometre follows from it.

The land area recorded for Malachan 11 is 0.6 square kilometres, and the population is 178 residents in the 2021 Census.

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