Borrowing in Victoria, British Columbia

With 91,867 residents counted in the 2021 Census, Victoria sits inside British Columbia's provincial lending framework.

The census figures for Victoria

The 2021 Census counted 91,867 residents in Victoria. The community covers 19.4 square kilometres of land.

On those two figures, density is 4723.2 residents per square kilometre when rounded to one decimal place.

The community is the 14th largest place in the province within this census set.

Compared with the other 460 covered British Columbia places, Victoria ranks 14 by population.

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.

In British Columbia, payday lending operates under a licensed provincial regime, and the federal Payday Lending Regulations (SOR/2024-114) record a maximum cost of borrowing of $14 for each $100 advanced under SOR/2024-114.

Mid-sized places carry the same product list and the same provincial position as the largest city in the province.

How borrowing works locally

A credit file is compiled by private agencies from information lenders and other creditors report.

A longer amortisation lowers each payment and raises the total interest paid over the life of the loan. 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.

Products compared here

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

• Secured loans: Borrowing against an asset, which lowers the price but puts the asset at risk if you default.
• Business lines of credit: A revolving operating limit for a business, and why it behaves differently from a term loan.

Victoria is one of 460 covered British Columbia places, counted at 91,867 residents with a land area of 19.4 square kilometres.

Victoria appears in the census record with 91,867 residents, and the density of 4723.2 people per square kilometre follows from it.

The density figure for Victoria, 4723.2 people per square kilometre, is calculated from the population and land area above.

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

Victoria ranks 14 by 2021 Census population among the covered places in British Columbia.

At 91,867 residents in the 2021 Census, Victoria is listed alongside the other covered places in British Columbia.

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

The land area recorded for Victoria is 19.4 square kilometres, and the population is 91,867 residents in the 2021 Census.

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

Victoria sits at rank 14 within British Columbia in this data set, and the provincial rules apply as they do elsewhere.

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

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

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).

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