Borrowing in New Songhees 1A, British Columbia

New Songhees 1A is one of the British Columbia places covered here, with 1,839 residents recorded in the 2021 Census and the same provincial rulebook as the rest of the province.

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.

The lowest band groups villages, rural municipalities and small towns, all read against the same provincial rulebook.

How borrowing works locally

A shorter term raises each payment and lowers the total interest, which is the trade every schedule makes.

A provincial regulator publishes licensing requirements, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators. Provincial licensing decides who may lend, and federal rules add a ceiling where a licensed payday regime exists.

The census figures for New Songhees 1A

Statistics Canada's 2021 Census gives New Songhees 1A a population of 1,839. 0.7 square kilometres of land are attributed to New Songhees 1A.

Population divided by land area produces a density of 2590.1 people per square kilometre.

The 2021 Census population places it at rank 213 in the province.

New Songhees 1A is one of 460 places listed for British Columbia, ranked 213 by population and measured at 0.7 square kilometres.

Products compared here

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

• Home renovation loans: Paying for work on a property, from a small unsecured instalment loan to a secured renovation product.
• Emergency loans: Money for an urgent expense, and the order in which a sensible borrower works through the options.

New Songhees 1A sits at rank 213 within British Columbia in this data set, and the provincial rules apply as they do elsewhere.

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

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

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

The land area recorded for New Songhees 1A is 0.7 square kilometres, and the population is 1,839 residents in the 2021 Census.

New Songhees 1A is one of 460 covered British Columbia places, counted at 1,839 residents with a land area of 0.7 square kilometres.

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

At 1,839 residents in the 2021 Census, New Songhees 1A is listed alongside the other covered places in British Columbia.

The density figure for New Songhees 1A, 2590.1 people per square kilometre, is calculated from the population and land area above.

New Songhees 1A appears in the census record with 1,839 residents, and the density of 2590.1 people per square kilometre follows from it.

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 same structure is used for every place covered, so two communities can be compared field by field: population, land area, density, rank, and the provincial rules.