Borrowing in Smithers, British Columbia

A loan taken out in Smithers is governed by British Columbia's licensing rules, and the 2021 Census counted 5,378 people in the community.

The census figures for Smithers

Statistics Canada's 2021 Census gives Smithers a population of 5,378. The community covers 15.3 square kilometres of land.

The arithmetic gives 352.4 people per square kilometre.

Its provincial population rank is 93 within this data set.

Smithers is one of 460 places listed for British Columbia, ranked 93 by population and measured at 15.3 square kilometres.

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.

Payday lending is licensed in British Columbia; the federal Payday Lending Regulations (SOR/2024-114) publish a cap of $14 per $100 advanced, and notes that a province may set a lower figure.

This community sits in the lower-middle population band, which changes the census figures rather than the rules.

How borrowing works locally

Interest on a line of credit accrues only on the drawn portion, not on the unused limit.

Payment history is reported to credit agencies, and that record is what builds or damages a credit file over time. Joint applications combine two incomes and two sets of obligations in the same assessment.

Products compared here

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

• Business lines of credit: A revolving operating limit for a business, and why it behaves differently from a term loan.
• Collateral loans: Borrowing against an asset a lender will hold, from vehicles to savings, and what happens on default.

The land area recorded for Smithers is 15.3 square kilometres, and the population is 5,378 residents in the 2021 Census.

At 5,378 residents in the 2021 Census, Smithers is listed alongside the other covered places in British Columbia.

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

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

Smithers ranks 93 by 2021 Census population among the covered places in British Columbia.

Smithers is one of 460 covered British Columbia places, counted at 5,378 residents with a land area of 15.3 square kilometres.

Smithers appears in the census record with 5,378 residents, and the density of 352.4 people per square kilometre follows from it.

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

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

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

Smithers sits at rank 93 within British Columbia in this data set, and the provincial rules apply as they do elsewhere.

The density figure for Smithers, 352.4 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).

Compare the disclosure on any agreement against the provincial ceiling, and treat the census figures as the only local statistics on the page.