Borrowing in Wells, British Columbia

This page covers borrowing in Wells, British Columbia: the census facts, the provincial rules, and the products people compare.

Products compared here

The product pages behind this city cover the following borrowing categories, among the 20 products compared nationally.

• Emergency loans: Money for an urgent expense, and the order in which a sensible borrower works through the options.
• Unsecured loans: Borrowing with no asset pledged, priced for the risk the lender is taking on your file alone.

How borrowing works locally

A secured product gives the lender a claim on a named asset, which is why its price is usually lower than an unsecured equivalent.

A provincial regulator publishes licensing requirements, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators. A consumer proposal or a bankruptcy is administered by a licensed insolvency trustee rather than by a lender.

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.

A payday advance in British Columbia falls under a provincial licensing regime, and the cost of borrowing is capped at $14 per $100 advanced according to the federal Payday Lending Regulations (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 Wells

In the 2021 Census, Wells had 218 residents. Statistics Canada lists 158.1 square kilometres of land for the community.

The arithmetic gives 1.4 people per square kilometre.

Among covered British Columbia places, Wells sits at rank 403 by population.

Within British Columbia, Wells is place number 403 by population in this census set, at 218 residents.

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

Wells sits at rank 403 within British Columbia in this data set, and the provincial rules apply as they do elsewhere.

The land area recorded for Wells is 158.1 square kilometres, and the population is 218 residents in the 2021 Census.

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

The density figure for Wells, 1.4 people per square kilometre, is calculated from the population and land area above.

Wells appears in the census record with 218 residents, and the density of 1.4 people per square kilometre follows from it.

At 218 residents in the 2021 Census, Wells is listed alongside the other covered places in British Columbia.

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

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

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

Wells is one of 460 covered British Columbia places, counted at 218 residents with a land area of 158.1 square kilometres.

loanmoose.ca is not a lender and does not make credit decisions. The lowest rates are only available to the most qualified applicants.

Statistics Canada's 2021 Census of Population supplies the population and land-area figures, and the federal Payday Lending Regulations (SOR/2024-114) supply the payday position.

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.