Borrowing in Sparwood, British Columbia

Sparwood is one of the British Columbia communities covered here, with a 2021 Census population of 4,148, and borrowing there is licensed under British Columbia's consumer credit rules.

Products compared here

Among the 20 products compared here, these two are commonly used for the purposes described.

• Bad credit loans: Borrowing when the credit file is damaged, and what changes about price and security as a result.
• Home equity loans: Converting property equity into credit, and the difference between a lump sum and a revolving limit.

How borrowing works locally

Provincial licensing decides who may lend, and federal rules add a ceiling where a licensed payday regime exists.

A consumer proposal or a bankruptcy is administered by a licensed insolvency trustee rather than by a lender. A revolving product charges interest on the outstanding balance, while an instalment product charges a fixed schedule of payments.

The British Columbia rules that apply

The regulator for consumer credit in British Columbia is the body listed by the federal Payday Lending Regulations (SOR/2024-114) 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.

The census figures for Sparwood

The 2021 Census counted 4,148 residents in Sparwood. Statistics Canada lists 191.3 square kilometres of land for the community.

The calculated density is 21.7 people per square kilometre.

Among covered British Columbia places, Sparwood sits at rank 121 by population.

Sparwood sits at rank 121 among the 460 British Columbia places here, with 4,148 residents in the 2021 Census.

At 4,148 residents in the 2021 Census, Sparwood is listed alongside the other covered places in British Columbia.

Sparwood sits at rank 121 within British Columbia in this data set, and the provincial rules apply as they do elsewhere.

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

The land area recorded for Sparwood is 191.3 square kilometres, and the population is 4,148 residents in the 2021 Census.

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

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

The density figure for Sparwood, 21.7 people per square kilometre, is calculated from the population and land area above.

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

Sparwood is one of 460 covered British Columbia places, counted at 4,148 residents with a land area of 191.3 square kilometres.

Sparwood ranks 121 by 2021 Census population among the covered places in British Columbia.

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

Sparwood appears in the census record with 4,148 residents, and the density of 21.7 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.

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.