Borrowing in Montrose, British Columbia

Montrose, British Columbia, recorded a population of 1,013 in the 2021 Census; the rules that govern a loan signed there are provincial.

The British Columbia rules that apply

Provincial or territorial law decides who may lend in British Columbia, and the Financial Consumer Agency of Canada publishes the list that names the regulator responsible.

Payday lending is licensed in British Columbia; the federal Payday Lending Regulations (SOR/2024-114) publish a cap of $14 per $100 advanced, and notes that a province may set a lower figure.

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

The census figures for Montrose

Population for Montrose stands at 1,013 in the 2021 Census. Statistics Canada lists 1.5 square kilometres of land for the community.

Dividing population by land area gives 693.8 residents per square kilometre, rounded to one decimal place.

The community is the 275th largest place in the province within this census set.

Compared with the other 460 covered British Columbia places, Montrose ranks 275 by population.

Products compared here

The site describes 20 products in total; the two below are representative of the range.

• Mortgage refinancing: Replacing an existing mortgage to change the rate, the term or the amount borrowed, and what it costs.
• Cash advance loans: Immediate short-term cash, including the difference between a cash advance on credit and a payday-style advance.

How borrowing works locally

Variable-rate products move with a reference rate, while fixed-rate products set the price for a defined term.

A deposit or trade-in reduces the amount financed and therefore the interest charged over the term. A shorter term raises each payment and lowers the total interest, which is the trade every schedule makes.

The land area recorded for Montrose is 1.5 square kilometres, and the population is 1,013 residents in the 2021 Census.

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

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

Montrose appears in the census record with 1,013 residents, and the density of 693.8 people per square kilometre follows from it.

Montrose is one of 460 covered British Columbia places, counted at 1,013 residents with a land area of 1.5 square kilometres.

The density figure for Montrose, 693.8 people per square kilometre, is calculated from the population and land area above.

Montrose ranks 275 by 2021 Census population among the covered places in British Columbia.

At 1,013 residents in the 2021 Census, Montrose is listed alongside the other covered places in British Columbia.

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

Montrose sits at rank 275 within British Columbia in this data set, and the provincial rules apply as they do elsewhere.

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

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

The 2021 Census of Population published by Statistics Canada is the source for population and land area; the federal Payday Lending Regulations (SOR/2024-114) are the source for payday rules.

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