Borrowing in Valley River 63A, Manitoba

A loan taken out in Valley River 63A is governed by Manitoba's licensing rules, and the 2021 Census counted 360 people in the community.

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.

How borrowing works locally

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

Payment history is reported to credit agencies, and that record is what builds or damages a credit file over time. 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 Manitoba rules that apply

Consumer lending in Manitoba is licensed provincially or territorially, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators where the current position appears.

The federal payday lending regulations, SOR/2024-114, cap the cost of borrowing at $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 in Manitoba, which the federal Payday Lending Regulations (SOR/2024-114) list as a province that regulates the product.

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 Valley River 63A

In the 2021 Census, Valley River 63A had 360 residents. Its land area is 46.2 square kilometres.

On those two figures, density is 7.8 residents per square kilometre when rounded to one decimal place.

Among covered Manitoba places, Valley River 63A sits at rank 184 by population.

Valley River 63A sits at rank 184 among the 203 Manitoba places here, with 360 residents in the 2021 Census.

The Valley River 63A page follows the same structure as every other place page, with population, land area, density and rank.

Readers comparing Valley River 63A with another community can use the same four census fields.

Valley River 63A appears in the census record with 360 residents, and the density of 7.8 people per square kilometre follows from it.

Valley River 63A is one of 203 covered Manitoba places, counted at 360 residents with a land area of 46.2 square kilometres.

At 360 residents in the 2021 Census, Valley River 63A is listed alongside the other covered places in Manitoba.

Valley River 63A ranks 184 by 2021 Census population among the covered places in Manitoba.

Nothing on the Valley River 63A page is estimated; the population and land area come from Statistics Canada's 2021 Census of Population.

Where a figure for Valley River 63A could not be verified, the page names the publisher instead of printing a number.

The land area recorded for Valley River 63A is 46.2 square kilometres, and the population is 360 residents in the 2021 Census.

For Valley River 63A, the two census fields above are the only local statistics used anywhere on the page.

The density figure for Valley River 63A, 7.8 people per square kilometre, is calculated from the population and land area above.

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.