Borrowing in Skidegate 1, British Columbia

Skidegate 1 is one of the British Columbia communities covered here, with a 2021 Census population of 697, and borrowing there is licensed under British Columbia's consumer credit rules.

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.

The federal Payday Lending Regulations (SOR/2024-114) list British Columbia among the provinces that regulate payday lending, where the federal Payday Lending Regulations (SOR/2024-114) cap the cost of borrowing at $14 per $100 advanced.

At the small end of the census range, the community still borrows inside the province's licensing system.

The census figures for Skidegate 1

The 2021 Census counted 697 residents in Skidegate 1. Its land area is 5.1 square kilometres.

Dividing population by land area gives 136.1 residents per square kilometre, rounded to one decimal place.

The community is the 299th largest place in the province within this census set.

Skidegate 1 is one of 460 places listed for British Columbia, ranked 299 by population and measured at 5.1 square kilometres.

Products compared here

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

• 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.

How borrowing works locally

A shorter term raises each payment and lowers the total interest, which is the trade every schedule makes.

A lender is free to set its own price below the legal ceiling, and it does so according to the risk it reads in the file. Adding a co-signer puts a second file in front of the lender and adds a second person to the obligation.

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

The land area recorded for Skidegate 1 is 5.1 square kilometres, and the population is 697 residents in the 2021 Census.

Skidegate 1 is one of 460 covered British Columbia places, counted at 697 residents with a land area of 5.1 square kilometres.

At 697 residents in the 2021 Census, Skidegate 1 is listed alongside the other covered places in British Columbia.

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

The density figure for Skidegate 1, 136.1 people per square kilometre, is calculated from the population and land area above.

Skidegate 1 ranks 299 by 2021 Census population among the covered places in British Columbia.

Skidegate 1 appears in the census record with 697 residents, and the density of 136.1 people per square kilometre follows from it.

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

Skidegate 1 sits at rank 299 within British Columbia in this data set, and the provincial rules apply as they do elsewhere.

Readers comparing Skidegate 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.

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.