Borrowing in Port Edward, British Columbia

A loan taken out in Port Edward is governed by British Columbia's licensing rules, and the 2021 Census counted 470 people in the community.

How borrowing works locally

A secured product gives the lender a claim on a named asset, which is why its price is usually lower than an unsecured equivalent.

Interest on a line of credit accrues only on the drawn portion, not on the unused limit. An application usually asks for identification, income evidence, banking details and a statement of obligations.

Products compared here

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

• Secured loans: Borrowing against an asset, which lowers the price but puts the asset at risk if you default.
• Business lines of credit: A revolving operating limit for a business, and why it behaves differently from a term loan.

The census figures for Port Edward

Statistics Canada's 2021 Census gives Port Edward a population of 470. The community covers 167.2 square kilometres of land.

Dividing population by land area gives 2.8 residents per square kilometre, rounded to one decimal place.

By population it ranks 330 among the British Columbia places covered here.

Within British Columbia, Port Edward is place number 330 by population in this census set, at 470 residents.

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.

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.

This is a small community by population, inside the lowest band used on this site, and the provincial framework applies without variation.

Port Edward sits at rank 330 within British Columbia in this data set, and the provincial rules apply as they do elsewhere.

The density figure for Port Edward, 2.8 people per square kilometre, is calculated from the population and land area above.

Port Edward ranks 330 by 2021 Census population among the covered places in British Columbia.

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

Port Edward appears in the census record with 470 residents, and the density of 2.8 people per square kilometre follows from it.

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

At 470 residents in the 2021 Census, Port Edward is listed alongside the other covered places in British Columbia.

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

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

The land area recorded for Port Edward is 167.2 square kilometres, and the population is 470 residents in the 2021 Census.

Port Edward is one of 460 covered British Columbia places, counted at 470 residents with a land area of 167.2 square kilometres.

Readers comparing Port Edward 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.

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).

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