Borrowing in Penticton, British Columbia

Penticton is one of the British Columbia places covered here, with 36,885 residents recorded in the 2021 Census and the same provincial rulebook as the rest of the province.

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.

In British Columbia, payday lending operates under a licensed provincial regime, and the federal Payday Lending Regulations (SOR/2024-114) record a maximum cost of borrowing of $14 for each $100 advanced under SOR/2024-114.

The middle band covers larger towns and smaller cities, all inside one provincial licensing framework.

How borrowing works locally

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

The census figures for Penticton

Penticton recorded a population of 36,885 in Statistics Canada's 2021 Census of Population. Statistics Canada lists 43.0 square kilometres of land for the community.

Population divided by land area produces a density of 857.2 people per square kilometre.

The community is the 25th largest place in the province within this census set.

Penticton sits at rank 25 among the 460 British Columbia places here, with 36,885 residents in the 2021 Census.

Products compared here

These are two of the 20 products described on the site, and each has a national page as well as the provincial rules.

• Unsecured loans: Borrowing with no asset pledged, priced for the risk the lender is taking on your file alone.
• Business loans: Commercial borrowing, what lenders read in a business file, and how the assessment differs from personal credit.

Penticton is one of 460 covered British Columbia places, counted at 36,885 residents with a land area of 43.0 square kilometres.

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

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

Penticton sits at rank 25 within British Columbia in this data set, and the provincial rules apply as they do elsewhere.

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

The density figure for Penticton, 857.2 people per square kilometre, is calculated from the population and land area above.

At 36,885 residents in the 2021 Census, Penticton is listed alongside the other covered places in British Columbia.

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

Penticton ranks 25 by 2021 Census population among the covered places in British Columbia.

The land area recorded for Penticton is 43.0 square kilometres, and the population is 36,885 residents in the 2021 Census.

Penticton appears in the census record with 36,885 residents, and the density of 857.2 people per square kilometre follows from it.

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

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.

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