Borrowing in Aklavik, Northwest Territories

This page covers borrowing in Aklavik, Northwest Territories: the census facts, the provincial rules, and the products people compare.

The Northwest Territories rules that apply

The body that licenses consumer lending in Northwest Territories is the regulator named on the federal Payday Lending Regulations (SOR/2024-114)'s list of provincial and territorial regulators.

No territorial payday cap is published for Northwest Territories; the federal Payday Lending Regulations (SOR/2024-114) confirm that the territories have no specific payday lending rules, and the limit should be confirmed with the regulator.

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

Provincial licensing decides who may lend, and federal rules add a ceiling where a licensed payday regime exists.

Joint applications combine two incomes and two sets of obligations in the same assessment. A lender may ask for proof of address, and a permanent address is a standard requirement for consumer credit.

The census figures for Aklavik

In the 2021 Census, Aklavik had 536 residents. The community covers 12.3 square kilometres of land.

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

Aklavik ranks 13 by population among the Northwest Territories places on this site.

Aklavik is one of 29 places listed for Northwest Territories, ranked 13 by population and measured at 12.3 square kilometres.

Products compared here

The product pages behind this city cover the following borrowing categories, among the 20 products compared nationally.

• 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.

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

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

The land area recorded for Aklavik is 12.3 square kilometres, and the population is 536 residents in the 2021 Census.

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

Aklavik ranks 13 by 2021 Census population among the covered places in Northwest Territories.

Aklavik appears in the census record with 536 residents, and the density of 43.6 people per square kilometre follows from it.

Aklavik sits at rank 13 within Northwest Territories in this data set, and the provincial rules apply as they do elsewhere.

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

Aklavik is one of 29 covered Northwest Territories places, counted at 536 residents with a land area of 12.3 square kilometres.

At 536 residents in the 2021 Census, Aklavik is listed alongside the other covered places in Northwest Territories.

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

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

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.

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