Borrowing in Virden, Manitoba

This page covers borrowing in Virden, Manitoba: the census facts, the provincial rules, and the products people compare.

The Manitoba rules that apply

Licensing for consumer credit in Manitoba sits with the province or territory, and the Financial Consumer Agency of Canada maintains the public list of provincial and territorial regulators.

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

At the small end of the census range, the community still borrows inside the province's licensing system.

How borrowing works locally

A lender is free to set its own price below the legal ceiling, and it does so according to the risk it reads in the file.

A lender may ask for proof of address, and a permanent address is a standard requirement for consumer credit. A credit file is compiled by private agencies from information lenders and other creditors report.

The census figures for Virden

3,118 people were counted in Virden in the 2021 Census. The community covers 9.0 square kilometres of land.

That gives a density of 348.0 people per square kilometre, rounded to one decimal place.

By population it ranks 48 among the Manitoba places covered here.

Virden therefore appears at rank 48 of 203 covered Manitoba places, with a density of 348.0 people per square kilometre.

Products compared here

The site describes 20 products in total; the two below are representative of the range.

• Payday loans: Small, short-term advances against a pay date, the most tightly regulated product in Canadian consumer credit.
• No credit check loans: What lenders who advertise without a credit check actually look at instead, and where the cost goes.

Virden sits at rank 48 within Manitoba in this data set, and the provincial rules apply as they do elsewhere.

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

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

At 3,118 residents in the 2021 Census, Virden is listed alongside the other covered places in Manitoba.

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

The density figure for Virden, 348.0 people per square kilometre, is calculated from the population and land area above.

Virden appears in the census record with 3,118 residents, and the density of 348.0 people per square kilometre follows from it.

Virden ranks 48 by 2021 Census population among the covered places in Manitoba.

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

The land area recorded for Virden is 9.0 square kilometres, and the population is 3,118 residents in the 2021 Census.

Virden is one of 203 covered Manitoba places, counted at 3,118 residents with a land area of 9.0 square kilometres.

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

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).

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