Borrowing in Vancouver, British Columbia

Vancouver is one of the British Columbia communities covered here, with a 2021 Census population of 662,248, 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.

This place sits in the largest band, and every lending rule that applies is provincial rather than municipal.

The census figures for Vancouver

662,248 people were counted in Vancouver in the 2021 Census. Its land area is 115.2 square kilometres.

The arithmetic gives 5749.7 people per square kilometre.

Its provincial population rank is 1 within this data set.

Compared with the other 460 covered British Columbia places, Vancouver ranks 1 by population.

Products compared here

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

• Mortgage loans: Borrowing against residential property, including how a federally regulated lender tests the file.
• Debt relief programs: The formal and informal routes out of unmanageable debt in Canada, and who is licensed to run them.

How borrowing works locally

Adding a co-signer puts a second file in front of the lender and adds a second person to the obligation.

A deposit or trade-in reduces the amount financed and therefore the interest charged over the term. A payday advance is repaid on a pay date, while an instalment loan is repaid over a set number of payments.

Vancouver is one of 460 covered British Columbia places, counted at 662,248 residents with a land area of 115.2 square kilometres.

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

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

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

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

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

Vancouver appears in the census record with 662,248 residents, and the density of 5749.7 people per square kilometre follows from it.

The land area recorded for Vancouver is 115.2 square kilometres, and the population is 662,248 residents in the 2021 Census.

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

At 662,248 residents in the 2021 Census, Vancouver is listed alongside the other covered places in British Columbia.

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

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.

Nothing here is an offer, and no page on this site can tell anyone what a lender will decide.