Borrowing in Slosh 1, British Columbia

Slosh 1 is one of the British Columbia communities covered here, with a 2021 Census population of 215, 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) count British Columbia among the provinces with payday lending rules, where the published maximum cost of borrowing is $14 per $100 advanced under SOR/2024-114.

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

How borrowing works locally

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

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. A revolving product charges interest on the outstanding balance, while an instalment product charges a fixed schedule of payments.

The census figures for Slosh 1

The 2021 Census counted 215 residents in Slosh 1. Its land area is 7.0 square kilometres.

The arithmetic gives 30.7 people per square kilometre.

The 2021 Census population places it at rank 405 in the province.

Within British Columbia, Slosh 1 is place number 405 by population in this census set, at 215 residents.

Products compared here

Two of the 20 covered products appear below, each with the purpose the product is designed for.

• 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.

Slosh 1 ranks 405 by 2021 Census population among the covered places in British Columbia.

Slosh 1 appears in the census record with 215 residents, and the density of 30.7 people per square kilometre follows from it.

Where a figure for Slosh 1 could not be verified, the page names the publisher instead of printing a number.

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

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

At 215 residents in the 2021 Census, Slosh 1 is listed alongside the other covered places in British Columbia.

Readers comparing Slosh 1 with another community can use the same four census fields.

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

Slosh 1 sits at rank 405 within British Columbia in this data set, and the provincial rules apply as they do elsewhere.

The density figure for Slosh 1, 30.7 people per square kilometre, is calculated from the population and land area above.

Slosh 1 is one of 460 covered British Columbia places, counted at 215 residents with a land area of 7.0 square kilometres.

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).

Lending rules change, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators where the current position is confirmed.