Borrowing in Nicola Lake 1, British Columbia

A loan taken out in Nicola Lake 1 is governed by British Columbia's licensing rules, and the 2021 Census counted 148 people in the community.

The census figures for Nicola Lake 1

Statistics Canada's 2021 Census gives Nicola Lake 1 a population of 148. 11.3 square kilometres of land are attributed to Nicola Lake 1.

That gives a density of 13.1 people per square kilometre, rounded to one decimal place.

Among covered British Columbia places, Nicola Lake 1 sits at rank 436 by population.

Nicola Lake 1 sits at rank 436 among the 460 British Columbia places here, with 148 residents in the 2021 Census.

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, cap the cost of borrowing at $14 per $100 advanced in British Columbia, which the federal Payday Lending Regulations (SOR/2024-114) list as a province that regulates the product.

This is a small community by population, inside the lowest band used on this site, and the provincial framework applies without variation.

How borrowing works locally

Payment history is reported to credit agencies, and that record is what builds or damages a credit file over time.

A revolving product charges interest on the outstanding balance, while an instalment product charges a fixed schedule of payments. A longer amortisation lowers each payment and raises the total interest paid over the life of the loan.

Products compared here

Two of the 20 covered products appear below, each with the purpose the product is designed for.

• Payday loans: Small, short-term advances against a pay date, the most tightly regulated product in Canadian consumer credit.
• No credit check loans: What lenders who advertise without a credit check actually look at instead, and where the cost goes.

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

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

Nicola Lake 1 sits at rank 436 within British Columbia in this data set, and the provincial rules apply as they do elsewhere.

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

The land area recorded for Nicola Lake 1 is 11.3 square kilometres, and the population is 148 residents in the 2021 Census.

At 148 residents in the 2021 Census, Nicola Lake 1 is listed alongside the other covered places in British Columbia.

The density figure for Nicola Lake 1, 13.1 people per square kilometre, is calculated from the population and land area above.

Nicola Lake 1 is one of 460 covered British Columbia places, counted at 148 residents with a land area of 11.3 square kilometres.

Nicola Lake 1 ranks 436 by 2021 Census population among the covered places in British Columbia.

Nicola Lake 1 appears in the census record with 148 residents, and the density of 13.1 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.

Population and land area figures come from Statistics Canada's 2021 Census of Population; regulatory statements are attributed to the federal Payday Lending Regulations (SOR/2024-114).

Compare the disclosure on any agreement against the provincial ceiling, and treat the census figures as the only local statistics on the page.