Borrowing in New Westminster, British Columbia

With 78,916 residents counted in the 2021 Census, New Westminster sits inside British Columbia's provincial lending framework.

Products compared here

Among the 20 products compared here, these two are commonly used for the purposes described.

• Car loans: Financing a vehicle, including the effect of trade-in equity, negative equity and dealer-arranged credit.
• Debt consolidation loans: Replacing several expensive debts with one payment, and the arithmetic that decides whether it helps.

How borrowing works locally

A consumer proposal or a bankruptcy is administered by a licensed insolvency trustee rather than by a lender.

A deposit or trade-in reduces the amount financed and therefore the interest charged over the term. A broker arranges credit but does not lend, and the lender remains the party that makes the decision.

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.

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.

The middle band covers larger towns and smaller cities, all inside one provincial licensing framework.

The census figures for New Westminster

New Westminster recorded a population of 78,916 in Statistics Canada's 2021 Census of Population. Statistics Canada lists 15.6 square kilometres of land for the community.

The arithmetic gives 5052.2 people per square kilometre.

By population it ranks 17 among the British Columbia places covered here.

New Westminster therefore appears at rank 17 of 460 covered British Columbia places, with a density of 5052.2 people per square kilometre.

New Westminster appears in the census record with 78,916 residents, and the density of 5052.2 people per square kilometre follows from it.

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

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

New Westminster ranks 17 by 2021 Census population among the covered places in British Columbia.

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

At 78,916 residents in the 2021 Census, New Westminster is listed alongside the other covered places in British Columbia.

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

The density figure for New Westminster, 5052.2 people per square kilometre, is calculated from the population and land area above.

New Westminster is one of 460 covered British Columbia places, counted at 78,916 residents with a land area of 15.6 square kilometres.

The land area recorded for New Westminster is 15.6 square kilometres, and the population is 78,916 residents in the 2021 Census.

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

New Westminster sits at rank 17 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.

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.

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.