Borrowing in South Saanich 1, British Columbia

South Saanich 1 is one of the British Columbia places covered here, with 712 residents recorded in the 2021 Census and the same provincial rulebook as the rest of the province.

The British Columbia rules that apply

Provincial or territorial law decides who may lend in British Columbia, and the Financial Consumer Agency of Canada publishes the list that names the regulator responsible.

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.

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.

How borrowing works locally

A broker arranges credit but does not lend, and the lender remains the party that makes the decision.

A credit file is compiled by private agencies from information lenders and other creditors report. A mortgage is registered against the property, which is what gives the lender its claim.

The census figures for South Saanich 1

712 people were counted in South Saanich 1 in the 2021 Census. The census records a land area of 2.1 square kilometres for South Saanich 1.

Population divided by land area produces a density of 340.7 people per square kilometre.

By population it ranks 297 among the British Columbia places covered here.

Compared with the other 460 covered British Columbia places, South Saanich 1 ranks 297 by population.

Products compared here

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

• Business loans: Commercial borrowing, what lenders read in a business file, and how the assessment differs from personal credit.
• Instalment loans: A fixed number of fixed payments, sized larger and longer than a payday advance.

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

The land area recorded for South Saanich 1 is 2.1 square kilometres, and the population is 712 residents in the 2021 Census.

South Saanich 1 appears in the census record with 712 residents, and the density of 340.7 people per square kilometre follows from it.

South Saanich 1 is one of 460 covered British Columbia places, counted at 712 residents with a land area of 2.1 square kilometres.

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

South Saanich 1 sits at rank 297 within British Columbia in this data set, and the provincial rules apply as they do elsewhere.

South Saanich 1 ranks 297 by 2021 Census population among the covered places in British Columbia.

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

The density figure for South Saanich 1, 340.7 people per square kilometre, is calculated from the population and land area above.

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

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

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).

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.