Borrowing in Macdonald, Manitoba

With 8,120 residents counted in the 2021 Census, Macdonald sits inside Manitoba's provincial lending framework.

The census figures for Macdonald

Statistics Canada's 2021 Census gives Macdonald a population of 8,120. Statistics Canada lists 1156.1 square kilometres of land for the community.

That gives a density of 7.0 people per square kilometre, rounded to one decimal place.

The community is the 18th largest place in the province within this census set.

Macdonald sits at rank 18 among the 203 Manitoba places here, with 8,120 residents in the 2021 Census.

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.

The federal Payday Lending Regulations (SOR/2024-114) count Manitoba among the provinces with payday lending rules, where the published maximum cost of borrowing is $14 per $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.

Municipalities of this size are grouped together here, with the province setting the licensing position for all of them.

How borrowing works locally

A shorter term raises each payment and lowers the total interest, which is the trade every schedule makes.

Variable-rate products move with a reference rate, while fixed-rate products set the price for a defined term. Joint applications combine two incomes and two sets of obligations in the same assessment.

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.

• Lines of credit: A revolving limit you draw on and repay, usually paying interest only on what is outstanding.
• Home renovation loans: Paying for work on a property, from a small unsecured instalment loan to a secured renovation product.

Macdonald sits at rank 18 within Manitoba in this data set, and the provincial rules apply as they do elsewhere.

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

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

At 8,120 residents in the 2021 Census, Macdonald is listed alongside the other covered places in Manitoba.

The land area recorded for Macdonald is 1156.1 square kilometres, and the population is 8,120 residents in the 2021 Census.

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

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

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

Macdonald is one of 203 covered Manitoba places, counted at 8,120 residents with a land area of 1156.1 square kilometres.

Macdonald ranks 18 by 2021 Census population among the covered places in Manitoba.

The density figure for Macdonald, 7.0 people per square kilometre, is calculated from the population and land area above.

Macdonald appears in the census record with 8,120 residents, and the density of 7.0 people per square kilometre follows from it.

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

Population and land area figures come from Statistics Canada's 2021 Census of Population; regulatory statements are attributed to the federal Payday Lending Regulations (SOR/2024-114).

Lending rules change, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators where the current position is confirmed.