Borrowing in Salmo, British Columbia

Salmo is one of the British Columbia communities covered here, with a 2021 Census population of 1,140, and borrowing there is licensed under British Columbia's consumer credit rules.

The census figures for Salmo

In the 2021 Census, Salmo had 1,140 residents. Land area for Salmo is 2.4 square kilometres in the same census.

That gives a density of 467.2 people per square kilometre, rounded to one decimal place.

Salmo ranks 266 by population among the British Columbia places on this site.

Compared with the other 460 covered British Columbia places, Salmo ranks 266 by population.

Products compared here

The site describes 20 products in total; the two below are representative of the range.

• Debt relief programs: The formal and informal routes out of unmanageable debt in Canada, and who is licensed to run them.
• Bad credit loans: Borrowing when the credit file is damaged, and what changes about price and security as a result.

The British Columbia rules that apply

Provincial or territorial law decides who may lend in British Columbia, and the Financial Consumer Agency of Canada publishes the list that names the regulator responsible.

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.

Communities of this size are listed here with population, land area and density, and the lending rules remain provincial.

How borrowing works locally

A consumer proposal or a bankruptcy is administered by a licensed insolvency trustee rather than by a lender.

A credit file is compiled by private agencies from information lenders and other creditors report. A secured product gives the lender a claim on a named asset, which is why its price is usually lower than an unsecured equivalent.

Salmo is one of 460 covered British Columbia places, counted at 1,140 residents with a land area of 2.4 square kilometres.

The land area recorded for Salmo is 2.4 square kilometres, and the population is 1,140 residents in the 2021 Census.

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

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

Salmo appears in the census record with 1,140 residents, and the density of 467.2 people per square kilometre follows from it.

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

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

Salmo ranks 266 by 2021 Census population among the covered places in British Columbia.

Salmo sits at rank 266 within British Columbia in this data set, and the provincial rules apply as they do elsewhere.

At 1,140 residents in the 2021 Census, Salmo is listed alongside the other covered places in British Columbia.

The density figure for Salmo, 467.2 people per square kilometre, is calculated from the population and land area above.

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).

The provincial rules apply wherever a borrower is in British Columbia; a municipal boundary does not change them.