Borrowing in Sicamous, British Columbia

Sicamous is one of the British Columbia communities covered here, with a 2021 Census population of 2,613, and borrowing there is licensed under British Columbia's consumer credit rules.

The census figures for Sicamous

2,613 people were counted in Sicamous in the 2021 Census. The community covers 12.8 square kilometres of land.

The arithmetic gives 204.1 people per square kilometre.

The 2021 Census population places it at rank 172 in the province.

Sicamous is one of 460 places listed for British Columbia, ranked 172 by population and measured at 12.8 square kilometres.

The British Columbia rules that apply

Consumer lending in British Columbia is licensed provincially or territorially, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators where the current position appears.

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

Disclosure requirements mean the cost of borrowing must be stated before an agreement is signed.

A credit file is compiled by private agencies from information lenders and other creditors report. Payment history is reported to credit agencies, and that record is what builds or damages a credit file over time.

Products compared here

The product pages behind this city cover the following borrowing categories, among the 20 products compared nationally.

• Collateral loans: Borrowing against an asset a lender will hold, from vehicles to savings, and what happens on default.
• Car loans: Financing a vehicle, including the effect of trade-in equity, negative equity and dealer-arranged credit.

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

Sicamous ranks 172 by 2021 Census population among the covered places in British Columbia.

The density figure for Sicamous, 204.1 people per square kilometre, is calculated from the population and land area above.

At 2,613 residents in the 2021 Census, Sicamous is listed alongside the other covered places in British Columbia.

Sicamous sits at rank 172 within British Columbia in this data set, and the provincial rules apply as they do elsewhere.

Sicamous appears in the census record with 2,613 residents, and the density of 204.1 people per square kilometre follows from it.

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

The land area recorded for Sicamous is 12.8 square kilometres, and the population is 2,613 residents in the 2021 Census.

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

Readers comparing Sicamous 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.

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.

The same structure is used for every place covered, so two communities can be compared field by field: population, land area, density, rank, and the provincial rules.