Borrowing in Quaaout 1, British Columbia

Quaaout 1 is one of the British Columbia communities covered here, with a 2021 Census population of 284, and borrowing there is licensed under British Columbia's consumer credit rules.

The census figures for Quaaout 1

The 2021 Census counted 284 residents in Quaaout 1. The community covers 17.1 square kilometres of land.

The arithmetic gives 16.6 people per square kilometre.

Among covered British Columbia places, Quaaout 1 sits at rank 376 by population.

Quaaout 1 sits at rank 376 among the 460 British Columbia places here, with 284 residents in the 2021 Census.

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.

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.

How borrowing works locally

Adding a co-signer puts a second file in front of the lender and adds a second person to the obligation.

Debt management plans are administered by accredited credit counsellors, and they are not loans. A shorter term raises each payment and lowers the total interest, which is the trade every schedule makes.

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.

• Home equity loans: Converting property equity into credit, and the difference between a lump sum and a revolving limit.
• Payday loans: Small, short-term advances against a pay date, the most tightly regulated product in Canadian consumer credit.

Quaaout 1 sits at rank 376 within British Columbia in this data set, and the provincial rules apply as they do elsewhere.

At 284 residents in the 2021 Census, Quaaout 1 is listed alongside the other covered places in British Columbia.

Quaaout 1 appears in the census record with 284 residents, and the density of 16.6 people per square kilometre follows from it.

Quaaout 1 ranks 376 by 2021 Census population among the covered places in British Columbia.

Nothing on the Quaaout 1 page is estimated; the population and land area come from Statistics Canada's 2021 Census of Population.

Quaaout 1 is one of 460 covered British Columbia places, counted at 284 residents with a land area of 17.1 square kilometres.

The land area recorded for Quaaout 1 is 17.1 square kilometres, and the population is 284 residents in the 2021 Census.

Where a figure for Quaaout 1 could not be verified, the page names the publisher instead of printing a number.

For Quaaout 1, the two census fields above are the only local statistics used anywhere on the page.

The Quaaout 1 page follows the same structure as every other place page, with population, land area, density and rank.

The density figure for Quaaout 1, 16.6 people per square kilometre, is calculated from the population and land area above.

Readers comparing Quaaout 1 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).

Lending rules change, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators where the current position is confirmed.