Borrowing in Masset 1, British Columbia

A loan taken out in Masset 1 is governed by British Columbia's licensing rules, and the 2021 Census counted 475 people in the community.

The British Columbia rules that apply

Consumer lending in British Columbia is licensed provincially or territorially, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators where the current position appears.

The federal Payday Lending Regulations (SOR/2024-114) count British Columbia among the provinces with payday lending rules, where the published maximum cost of borrowing is $14 per $100 advanced under SOR/2024-114.

Communities of this size are listed here with population, land area and density, and the lending rules remain provincial.

The census figures for Masset 1

Masset 1 recorded a population of 475 in Statistics Canada's 2021 Census of Population. The census records a land area of 3.2 square kilometres for Masset 1.

On those two figures, density is 150.3 residents per square kilometre when rounded to one decimal place.

The 2021 Census population places it at rank 329 in the province.

Masset 1 is one of 460 places listed for British Columbia, ranked 329 by population and measured at 3.2 square kilometres.

Products compared here

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

• Unsecured loans: Borrowing with no asset pledged, priced for the risk the lender is taking on your file alone.
• Business loans: Commercial borrowing, what lenders read in a business file, and how the assessment differs from personal credit.

How borrowing works locally

A broker arranges credit but does not lend, and the lender remains the party that makes the decision.

A mortgage is registered against the property, which is what gives the lender its claim. A revolving product charges interest on the outstanding balance, while an instalment product charges a fixed schedule of payments.

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

Masset 1 ranks 329 by 2021 Census population among the covered places in British Columbia.

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

For Masset 1, the two census fields above are the only local statistics used anywhere on the page.

The land area recorded for Masset 1 is 3.2 square kilometres, and the population is 475 residents in the 2021 Census.

Readers comparing Masset 1 with another community can use the same four census fields.

The density figure for Masset 1, 150.3 people per square kilometre, is calculated from the population and land area above.

Where a figure for Masset 1 could not be verified, the page names the publisher instead of printing a number.

Masset 1 appears in the census record with 475 residents, and the density of 150.3 people per square kilometre follows from it.

Masset 1 is one of 460 covered British Columbia places, counted at 475 residents with a land area of 3.2 square kilometres.

At 475 residents in the 2021 Census, Masset 1 is listed alongside the other covered places in British Columbia.

Masset 1 sits at rank 329 within British Columbia in this data set, and the provincial rules apply as they do elsewhere.

loanmoose.ca is not a lender and does not make credit decisions. The lowest rates are only available to the most qualified applicants.

Census figures are from Statistics Canada's 2021 Census of Population, and the payday position is taken from the federal Payday Lending Regulations (SOR/2024-114).

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