Borrowing in Slocan, British Columbia

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

How borrowing works locally

A prepayment privilege allows a borrower to pay more than the scheduled amount, sometimes with a charge attached.

A payday advance is repaid on a pay date, while an instalment loan is repaid over a set number of payments. A longer amortisation lowers each payment and raises the total interest paid over the life of the loan.

Products compared here

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

• Car loans: Financing a vehicle, including the effect of trade-in equity, negative equity and dealer-arranged credit.
• Debt consolidation loans: Replacing several expensive debts with one payment, and the arithmetic that decides whether it helps.

The census figures for Slocan

Statistics Canada's 2021 Census gives Slocan a population of 379. Statistics Canada lists 0.8 square kilometres of land for the community.

The arithmetic gives 485.9 people per square kilometre.

Its provincial population rank is 348 within this data set.

Slocan sits at rank 348 among the 460 British Columbia places here, with 379 residents in the 2021 Census.

The British Columbia rules that apply

Licensing for consumer credit in British Columbia sits with the province or territory, and the Financial Consumer Agency of Canada maintains the public list of provincial and territorial regulators.

A payday advance in British Columbia falls under a provincial licensing regime, and the cost of borrowing is capped at $14 per $100 advanced according to the federal Payday Lending Regulations (SOR/2024-114).

Places in the smallest population band are grouped here as small communities, and the pages carry the same census fields and the same provincial rules as the largest city.

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

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

Slocan ranks 348 by 2021 Census population among the covered places in British Columbia.

At 379 residents in the 2021 Census, Slocan is listed alongside the other covered places in British Columbia.

The land area recorded for Slocan is 0.8 square kilometres, and the population is 379 residents in the 2021 Census.

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

The density figure for Slocan, 485.9 people per square kilometre, is calculated from the population and land area above.

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

Slocan is one of 460 covered British Columbia places, counted at 379 residents with a land area of 0.8 square kilometres.

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

Slocan sits at rank 348 within British Columbia in this data set, and the provincial rules apply as they do elsewhere.

Slocan appears in the census record with 379 residents, and the density of 485.9 people per square kilometre follows from it.

loanmoose.ca is not a lender and does not make credit decisions. The lowest rates are only available to the most qualified applicants.

Census figures are from Statistics Canada's 2021 Census of Population, and the payday position is taken from 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.