Borrowing in Okanagan-Similkameen B, British Columbia

A loan taken out in Okanagan-Similkameen B is governed by British Columbia's licensing rules, and the 2021 Census counted 1,151 people in the community.

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.

How borrowing works locally

A provincial regulator publishes licensing requirements, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators.

An application usually asks for identification, income evidence, banking details and a statement of obligations. A secured product gives the lender a claim on a named asset, which is why its price is usually lower than an unsecured equivalent.

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.

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.

The census figures for Okanagan-Similkameen B

1,151 people were counted in Okanagan-Similkameen B in the 2021 Census. Land area for Okanagan-Similkameen B is 238.8 square kilometres in the same census.

Population divided by land area produces a density of 4.8 people per square kilometre.

Among covered British Columbia places, Okanagan-Similkameen B sits at rank 265 by population.

Okanagan-Similkameen B therefore appears at rank 265 of 460 covered British Columbia places, with a density of 4.8 people per square kilometre.

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

At 1,151 residents in the 2021 Census, Okanagan-Similkameen B is listed alongside the other covered places in British Columbia.

The density figure for Okanagan-Similkameen B, 4.8 people per square kilometre, is calculated from the population and land area above.

Okanagan-Similkameen B sits at rank 265 within British Columbia in this data set, and the provincial rules apply as they do elsewhere.

Okanagan-Similkameen B is one of 460 covered British Columbia places, counted at 1,151 residents with a land area of 238.8 square kilometres.

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

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

The Okanagan-Similkameen B page follows the same structure as every other place page, with population, land area, density and rank.

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

Okanagan-Similkameen B appears in the census record with 1,151 residents, and the density of 4.8 people per square kilometre follows from it.

The land area recorded for Okanagan-Similkameen B is 238.8 square kilometres, and the population is 1,151 residents in the 2021 Census.

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).

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