Borrowing in Port Alice, British Columbia

Port Alice, British Columbia, recorded a population of 739 in the 2021 Census; the rules that govern a loan signed there are provincial.

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.

How borrowing works locally

Debt management plans are administered by accredited credit counsellors, and they are not loans.

A lender's assessment looks at income, existing obligations, the credit file, and the asset pledged where there is one. Disclosure requirements mean the cost of borrowing must be stated before an agreement is signed.

The British Columbia rules that apply

The body that licenses consumer lending in British Columbia is the regulator named on the federal Payday Lending Regulations (SOR/2024-114)'s list of provincial and territorial regulators.

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.

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 Port Alice

739 people were counted in Port Alice in the 2021 Census. 7.0 square kilometres of land are attributed to Port Alice.

On those two figures, density is 105.1 residents per square kilometre when rounded to one decimal place.

Port Alice ranks 295 by population among the British Columbia places on this site.

Port Alice sits at rank 295 among the 460 British Columbia places here, with 739 residents in the 2021 Census.

Port Alice sits at rank 295 within British Columbia in this data set, and the provincial rules apply as they do elsewhere.

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

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

At 739 residents in the 2021 Census, Port Alice is listed alongside the other covered places in British Columbia.

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

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

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

Port Alice appears in the census record with 739 residents, and the density of 105.1 people per square kilometre follows from it.

The land area recorded for Port Alice is 7.0 square kilometres, and the population is 739 residents in the 2021 Census.

Port Alice ranks 295 by 2021 Census population among the covered places in British Columbia.

The density figure for Port Alice, 105.1 people per square kilometre, is calculated from the population and land area above.

Port Alice is one of 460 covered British Columbia places, counted at 739 residents with a land area of 7.0 square kilometres.

loanmoose.ca is not a lender and does not make credit decisions. The lowest rates are only available to the most qualified applicants.

Statistics Canada's 2021 Census of Population supplies the population and land-area figures, and the federal Payday Lending Regulations (SOR/2024-114) supply the payday position.

Compare the disclosure on any agreement against the provincial ceiling, and treat the census figures as the only local statistics on the page.