Borrowing in North Thompson 1, British Columbia

This page covers borrowing in North Thompson 1, British Columbia: the census facts, the provincial rules, and the products people compare.

The British Columbia rules that apply

Consumer credit in British Columbia is licensed by the provincial or territorial regulator, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators.

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.

Small places are covered the same way as large ones: census figures for the place, and the provincial position on lending.

How borrowing works locally

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

A payday advance is repaid on a pay date, while an instalment loan is repaid over a set number of payments. A mortgage is registered against the property, which is what gives the lender its claim.

The census figures for North Thompson 1

Statistics Canada's 2021 Census gives North Thompson 1 a population of 181. Land area for North Thompson 1 is 12.8 square kilometres in the same census.

The arithmetic gives 14.1 people per square kilometre.

North Thompson 1 ranks 418 by population among the British Columbia places on this site.

North Thompson 1 is one of 460 places listed for British Columbia, ranked 418 by population and measured at 12.8 square kilometres.

Products compared here

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

• Debt consolidation loans: Replacing several expensive debts with one payment, and the arithmetic that decides whether it helps.
• Personal loans: A fixed sum repaid on a schedule, usually unsecured, for almost any purpose a lender will accept.

The density figure for North Thompson 1, 14.1 people per square kilometre, is calculated from the population and land area above.

At 181 residents in the 2021 Census, North Thompson 1 is listed alongside the other covered places in British Columbia.

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

North Thompson 1 ranks 418 by 2021 Census population among the covered places in British Columbia.

The land area recorded for North Thompson 1 is 12.8 square kilometres, and the population is 181 residents in the 2021 Census.

North Thompson 1 is one of 460 covered British Columbia places, counted at 181 residents with a land area of 12.8 square kilometres.

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

North Thompson 1 sits at rank 418 within British Columbia in this data set, and the provincial rules apply as they do elsewhere.

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

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

Where a figure for North Thompson 1 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.

The provincial rules apply wherever a borrower is in British Columbia; a municipal boundary does not change them.