Borrowing in Woyenne 27, British Columbia

Woyenne 27, British Columbia, recorded a population of 548 in the 2021 Census; the rules that govern a loan signed there are provincial.

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) 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.

This is a small community by population, inside the lowest band used on this site, and the provincial framework applies without variation.

How borrowing works locally

A deposit or trade-in reduces the amount financed and therefore the interest charged over the term.

Variable-rate products move with a reference rate, while fixed-rate products set the price for a defined term. A secured product gives the lender a claim on a named asset, which is why its price is usually lower than an unsecured equivalent.

The census figures for Woyenne 27

Woyenne 27 recorded a population of 548 in Statistics Canada's 2021 Census of Population. 0.1 square kilometres of land are attributed to Woyenne 27.

On those two figures, density is 3653.3 residents per square kilometre when rounded to one decimal place.

By population it ranks 315 among the British Columbia places covered here.

Compared with the other 460 covered British Columbia places, Woyenne 27 ranks 315 by population.

Products compared here

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

• Home equity loans: Converting property equity into credit, and the difference between a lump sum and a revolving limit.
• Payday loans: Small, short-term advances against a pay date, the most tightly regulated product in Canadian consumer credit.

Readers comparing Woyenne 27 with another community can use the same four census fields.

At 548 residents in the 2021 Census, Woyenne 27 is listed alongside the other covered places in British Columbia.

Woyenne 27 is one of 460 covered British Columbia places, counted at 548 residents with a land area of 0.1 square kilometres.

The land area recorded for Woyenne 27 is 0.1 square kilometres, and the population is 548 residents in the 2021 Census.

Nothing on the Woyenne 27 page is estimated; the population and land area come from Statistics Canada's 2021 Census of Population.

The density figure for Woyenne 27, 3653.3 people per square kilometre, is calculated from the population and land area above.

For Woyenne 27, the two census fields above are the only local statistics used anywhere on the page.

The Woyenne 27 page follows the same structure as every other place page, with population, land area, density and rank.

Where a figure for Woyenne 27 could not be verified, the page names the publisher instead of printing a number.

Woyenne 27 sits at rank 315 within British Columbia in this data set, and the provincial rules apply as they do elsewhere.

Woyenne 27 appears in the census record with 548 residents, and the density of 3653.3 people per square kilometre follows from it.

Woyenne 27 ranks 315 by 2021 Census population among the covered places in British Columbia.

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.