Borrowing in Lutselk'e, Northwest Territories

This page covers borrowing in Lutselk'e, 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.

For Northwest Territories, the federal Payday Lending Regulations (SOR/2024-114) publish no payday cost-of-borrowing cap because the territories have no specific rules for the product.

Communities of this size are listed here with population, land area and density, and the lending rules remain provincial.

How borrowing works locally

An application usually asks for identification, income evidence, banking details and a statement of obligations.

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. Variable-rate products move with a reference rate, while fixed-rate products set the price for a defined term.

The census figures for Lutselk'e

Lutselk'e recorded a population of 333 in Statistics Canada's 2021 Census of Population. 43.0 square kilometres of land are attributed to Lutselk'e.

The arithmetic gives 7.8 people per square kilometre.

The 2021 Census population places it at rank 19 in the province.

Lutselk'e is one of 29 places listed for Northwest Territories, ranked 19 by population and measured at 43.0 square kilometres.

Products compared here

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

• Bad credit loans: Borrowing when the credit file is damaged, and what changes about price and security as a result.
• Home equity loans: Converting property equity into credit, and the difference between a lump sum and a revolving limit.

The density figure for Lutselk'e, 7.8 people per square kilometre, is calculated from the population and land area above.

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

Lutselk'e sits at rank 19 within Northwest Territories in this data set, and the provincial rules apply as they do elsewhere.

Readers comparing Lutselk'e with another community can use the same four census fields.

The land area recorded for Lutselk'e is 43.0 square kilometres, and the population is 333 residents in the 2021 Census.

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

Lutselk'e appears in the census record with 333 residents, and the density of 7.8 people per square kilometre follows from it.

Lutselk'e ranks 19 by 2021 Census population among the covered places in Northwest Territories.

At 333 residents in the 2021 Census, Lutselk'e is listed alongside the other covered places in Northwest Territories.

Nothing on the Lutselk'e 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.