Borrowing in Okanagan-Similkameen A, British Columbia

With 2,139 residents counted in the 2021 Census, Okanagan-Similkameen A sits inside British Columbia's provincial lending framework.

The census figures for Okanagan-Similkameen A

Statistics Canada's 2021 Census gives Okanagan-Similkameen A a population of 2,139. 258.0 square kilometres of land are attributed to Okanagan-Similkameen A.

On those two figures, density is 8.3 residents per square kilometre when rounded to one decimal place.

Its provincial population rank is 196 within this data set.

The place record for Okanagan-Similkameen A covers 258.0 square kilometres and 2,139 residents, a density of 8.3 people per square kilometre.

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) count British Columbia among the provinces with payday lending rules, where the published maximum cost of borrowing is $14 per $100 advanced under SOR/2024-114.

At the small end of the census range, the community still borrows inside the province's licensing system.

How borrowing works locally

Provincial licensing decides who may lend, and federal rules add a ceiling where a licensed payday regime exists.

A lender may ask for proof of address, and a permanent address is a standard requirement for consumer credit. A consumer proposal or a bankruptcy is administered by a licensed insolvency trustee rather than by a lender.

Products compared here

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

• Personal loans: A fixed sum repaid on a schedule, usually unsecured, for almost any purpose a lender will accept.
• Mortgage loans: Borrowing against residential property, including how a federally regulated lender tests the file.

The density figure for Okanagan-Similkameen A, 8.3 people per square kilometre, is calculated from the population and land area above.

Okanagan-Similkameen A ranks 196 by 2021 Census population among the covered places in British Columbia.

The land area recorded for Okanagan-Similkameen A is 258.0 square kilometres, and the population is 2,139 residents in the 2021 Census.

Readers comparing Okanagan-Similkameen A with another community can use the same four census fields.

Where a figure for Okanagan-Similkameen A could not be verified, the page names the publisher instead of printing a number.

Nothing on the Okanagan-Similkameen A page is estimated; the population and land area come from Statistics Canada's 2021 Census of Population.

For Okanagan-Similkameen A, the two census fields above are the only local statistics used anywhere on the page.

Okanagan-Similkameen A is one of 460 covered British Columbia places, counted at 2,139 residents with a land area of 258.0 square kilometres.

Okanagan-Similkameen A appears in the census record with 2,139 residents, and the density of 8.3 people per square kilometre follows from it.

At 2,139 residents in the 2021 Census, Okanagan-Similkameen A is listed alongside the other covered places in British Columbia.

Okanagan-Similkameen A sits at rank 196 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.

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