Borrowing in Sandy Bay 5, Manitoba

Sandy Bay 5, Manitoba, recorded a population of 2,598 in the 2021 Census; the rules that govern a loan signed there are provincial.

The census figures for Sandy Bay 5

2,598 people were counted in Sandy Bay 5 in the 2021 Census. The community covers 59.6 square kilometres of land.

That gives a density of 43.6 people per square kilometre, rounded to one decimal place.

Sandy Bay 5 ranks 61 by population among the Manitoba places on this site.

Within Manitoba, Sandy Bay 5 is place number 61 by population in this census set, at 2,598 residents.

The Manitoba rules that apply

The body that licenses consumer lending in Manitoba is the regulator named on the federal Payday Lending Regulations (SOR/2024-114)'s 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.

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 broker arranges credit but does not lend, and the lender remains the party that makes the decision.

A deposit or trade-in reduces the amount financed and therefore the interest charged over the term. A lender's assessment looks at income, existing obligations, the credit file, and the asset pledged where there is one.

Products compared here

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

• Collateral loans: Borrowing against an asset a lender will hold, from vehicles to savings, and what happens on default.
• Car loans: Financing a vehicle, including the effect of trade-in equity, negative equity and dealer-arranged credit.

The density figure for Sandy Bay 5, 43.6 people per square kilometre, is calculated from the population and land area above.

Readers comparing Sandy Bay 5 with another community can use the same four census fields.

Sandy Bay 5 is one of 203 covered Manitoba places, counted at 2,598 residents with a land area of 59.6 square kilometres.

At 2,598 residents in the 2021 Census, Sandy Bay 5 is listed alongside the other covered places in Manitoba.

The land area recorded for Sandy Bay 5 is 59.6 square kilometres, and the population is 2,598 residents in the 2021 Census.

The Sandy Bay 5 page follows the same structure as every other place page, with population, land area, density and rank.

For Sandy Bay 5, the two census fields above are the only local statistics used anywhere on the page.

Sandy Bay 5 appears in the census record with 2,598 residents, and the density of 43.6 people per square kilometre follows from it.

Sandy Bay 5 ranks 61 by 2021 Census population among the covered places in Manitoba.

Sandy Bay 5 sits at rank 61 within Manitoba in this data set, and the provincial rules apply as they do elsewhere.

Where a figure for Sandy Bay 5 could not be verified, the page names the publisher instead of printing a number.

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.