Borrowing in Oak Bay, British Columbia

A loan taken out in Oak Bay is governed by British Columbia's licensing rules, and the 2021 Census counted 17,990 people in the community.

How borrowing works locally

A credit file is compiled by private agencies from information lenders and other creditors report.

Payment history is reported to credit agencies, and that record is what builds or damages a credit file over time. A mortgage is registered against the property, which is what gives the lender its claim.

Products compared here

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

• Emergency loans: Money for an urgent expense, and the order in which a sensible borrower works through the options.
• Unsecured loans: Borrowing with no asset pledged, priced for the risk the lender is taking on your file alone.

The census figures for Oak Bay

17,990 people were counted in Oak Bay in the 2021 Census. The census records a land area of 10.5 square kilometres for Oak Bay.

The calculated density is 1710.1 people per square kilometre.

By population it ranks 41 among the British Columbia places covered here.

Within British Columbia, Oak Bay is place number 41 by population in this census set, at 17,990 residents.

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.

Places in the lower-middle band group smaller towns and municipalities under the same provincial framework.

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

Oak Bay ranks 41 by 2021 Census population among the covered places in British Columbia.

At 17,990 residents in the 2021 Census, Oak Bay is listed alongside the other covered places in British Columbia.

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

Oak Bay appears in the census record with 17,990 residents, and the density of 1710.1 people per square kilometre follows from it.

The density figure for Oak Bay, 1710.1 people per square kilometre, is calculated from the population and land area above.

The land area recorded for Oak Bay is 10.5 square kilometres, and the population is 17,990 residents in the 2021 Census.

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

Oak Bay is one of 460 covered British Columbia places, counted at 17,990 residents with a land area of 10.5 square kilometres.

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

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

Oak Bay sits at rank 41 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.

Census figures are from Statistics Canada's 2021 Census of Population, and the payday position is taken from the federal Payday Lending Regulations (SOR/2024-114).

Lending rules change, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators where the current position is confirmed.