Borrowing in Richmond, British Columbia

This page covers borrowing in Richmond, British Columbia: the census facts, the provincial rules, and the products people compare.

Products compared here

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

• Payday loans: Small, short-term advances against a pay date, the most tightly regulated product in Canadian consumer credit.
• No credit check loans: What lenders who advertise without a credit check actually look at instead, and where the cost goes.

How borrowing works locally

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

A deposit or trade-in reduces the amount financed and therefore the interest charged over the term. An application usually asks for identification, income evidence, banking details and a statement of obligations.

The British Columbia rules that apply

Consumer credit in British Columbia is licensed by the provincial or territorial regulator, and the Financial Consumer Agency of Canada publishes the 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.

At this size the census figures are large, but the licensing position is the same provincial one.

The census figures for Richmond

Richmond recorded a population of 209,937 in Statistics Canada's 2021 Census of Population. The census records a land area of 128.9 square kilometres for Richmond.

Dividing population by land area gives 1629.1 residents per square kilometre, rounded to one decimal place.

Its provincial population rank is 4 within this data set.

Compared with the other 460 covered British Columbia places, Richmond ranks 4 by population.

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

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

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

Richmond is one of 460 covered British Columbia places, counted at 209,937 residents with a land area of 128.9 square kilometres.

Richmond appears in the census record with 209,937 residents, and the density of 1629.1 people per square kilometre follows from it.

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

At 209,937 residents in the 2021 Census, Richmond is listed alongside the other covered places in British Columbia.

Richmond sits at rank 4 within British Columbia in this data set, and the provincial rules apply as they do elsewhere.

Richmond ranks 4 by 2021 Census population among the covered places in British Columbia.

The land area recorded for Richmond is 128.9 square kilometres, and the population is 209,937 residents in the 2021 Census.

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.