Borrowing in Lynn Lake, Manitoba

Lynn Lake is one of the Manitoba places covered here, with 579 residents recorded in the 2021 Census and the same provincial rulebook as the rest of the province.

The Manitoba rules that apply

Consumer credit in Manitoba is licensed by the provincial or territorial regulator, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators.

In Manitoba, 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 under the federal limit (this province's own published limit is $17 per $100 advanced, the top of the range the Regulations describe) advanced under SOR/2024-114.

Places in the smallest population band are grouped here as small communities, and the pages carry the same census fields and the same provincial rules as the largest city.

The census figures for Lynn Lake

Lynn Lake recorded a population of 579 in Statistics Canada's 2021 Census of Population. The census records a land area of 867.5 square kilometres for Lynn Lake.

That gives a density of 0.7 people per square kilometre, rounded to one decimal place.

By population it ranks 170 among the Manitoba places covered here.

Lynn Lake sits at rank 170 among the 203 Manitoba places here, with 579 residents in the 2021 Census.

Products compared here

These are two of the 20 products described on the site, and each has a national page as well as the provincial rules.

• Debt consolidation loans: Replacing several expensive debts with one payment, and the arithmetic that decides whether it helps.
• Personal loans: A fixed sum repaid on a schedule, usually unsecured, for almost any purpose a lender will accept.

How borrowing works locally

A prepayment privilege allows a borrower to pay more than the scheduled amount, sometimes with a charge attached.

Disclosure requirements mean the cost of borrowing must be stated before an agreement is signed. Debt management plans are administered by accredited credit counsellors, and they are not loans.

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

At 579 residents in the 2021 Census, Lynn Lake is listed alongside the other covered places in Manitoba.

Lynn Lake appears in the census record with 579 residents, and the density of 0.7 people per square kilometre follows from it.

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

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

Lynn Lake is one of 203 covered Manitoba places, counted at 579 residents with a land area of 867.5 square kilometres.

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

Lynn Lake sits at rank 170 within Manitoba in this data set, and the provincial rules apply as they do elsewhere.

Lynn Lake ranks 170 by 2021 Census population among the covered places in Manitoba.

The density figure for Lynn Lake, 0.7 people per square kilometre, is calculated from the population and land area above.

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

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).

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.