Borrowing in Oyster Bay 12, British Columbia

A loan taken out in Oyster Bay 12 is governed by British Columbia's licensing rules, and the 2021 Census counted 105 people in the community.

The census figures for Oyster Bay 12

Population for Oyster Bay 12 stands at 105 in the 2021 Census. 1.2 square kilometres of land are attributed to Oyster Bay 12.

The arithmetic gives 85.4 people per square kilometre.

By population it ranks 454 among the British Columbia places covered here.

Oyster Bay 12 therefore appears at rank 454 of 460 covered British Columbia places, with a density of 85.4 people per square kilometre.

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.

A payday advance in British Columbia falls under a provincial licensing regime, and the cost of borrowing is capped at $14 per $100 advanced according to the federal Payday Lending Regulations (SOR/2024-114).

The lowest band groups villages, rural municipalities and small towns, all read against the same provincial rulebook.

How borrowing works locally

A payday advance is repaid on a pay date, while an instalment loan is repaid over a set number of payments.

Payment history is reported to credit agencies, and that record is what builds or damages a credit file over time. A secured product gives the lender a claim on a named asset, which is why its price is usually lower than an unsecured equivalent.

Products compared here

The product pages behind this city cover the following borrowing categories, among the 20 products compared nationally.

• Bad credit loans: Borrowing when the credit file is damaged, and what changes about price and security as a result.
• Home equity loans: Converting property equity into credit, and the difference between a lump sum and a revolving limit.

The Oyster Bay 12 page follows the same structure as every other place page, with population, land area, density and rank.

Oyster Bay 12 appears in the census record with 105 residents, and the density of 85.4 people per square kilometre follows from it.

The land area recorded for Oyster Bay 12 is 1.2 square kilometres, and the population is 105 residents in the 2021 Census.

Readers comparing Oyster Bay 12 with another community can use the same four census fields.

At 105 residents in the 2021 Census, Oyster Bay 12 is listed alongside the other covered places in British Columbia.

Oyster Bay 12 sits at rank 454 within British Columbia in this data set, and the provincial rules apply as they do elsewhere.

Nothing on the Oyster Bay 12 page is estimated; the population and land area come from Statistics Canada's 2021 Census of Population.

Where a figure for Oyster Bay 12 could not be verified, the page names the publisher instead of printing a number.

The density figure for Oyster Bay 12, 85.4 people per square kilometre, is calculated from the population and land area above.

Oyster Bay 12 ranks 454 by 2021 Census population among the covered places in British Columbia.

For Oyster Bay 12, the two census fields above are the only local statistics used anywhere on the page.

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).

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