Borrowing in Barraute, Quebec

Barraute is one of the Quebec communities covered here, with a 2021 Census population of 1,986, and borrowing there is licensed under Quebec's consumer credit rules.

Products compared here

Each product below has its own page, and the Quebec position applies to all of them.

• 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

Joint applications combine two incomes and two sets of obligations in the same assessment.

A lender's assessment looks at income, existing obligations, the credit file, and the asset pledged where there is one. A prepayment privilege allows a borrower to pay more than the scheduled amount, sometimes with a charge attached.

The Quebec rules that apply

The regulator for consumer credit in Quebec is the body listed by the federal Payday Lending Regulations (SOR/2024-114) provincial and territorial regulators.

Because Quebec does not license payday lending, no provincial payday cap applies there, and the federal Payday Lending Regulations (SOR/2024-114) note the distinction.

This is a small community by population, inside the lowest band used on this site, and the provincial framework applies without variation.

The census figures for Barraute

Population for Barraute stands at 1,986 in the 2021 Census. The census records a land area of 493.0 square kilometres for Barraute.

Dividing population by land area gives 4.0 residents per square kilometre, rounded to one decimal place.

Among covered Quebec places, Barraute sits at rank 408 by population.

Barraute therefore appears at rank 408 of 1150 covered Quebec places, with a density of 4.0 people per square kilometre.

Barraute is one of 1150 covered Quebec places, counted at 1,986 residents with a land area of 493.0 square kilometres.

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

The land area recorded for Barraute is 493.0 square kilometres, and the population is 1,986 residents in the 2021 Census.

At 1,986 residents in the 2021 Census, Barraute is listed alongside the other covered places in Quebec.

Barraute appears in the census record with 1,986 residents, and the density of 4.0 people per square kilometre follows from it.

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

The density figure for Barraute, 4.0 people per square kilometre, is calculated from the population and land area above.

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

Barraute sits at rank 408 within Quebec in this data set, and the provincial rules apply as they do elsewhere.

Nothing on the Barraute 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.

Census figures are from Statistics Canada's 2021 Census of Population, and the payday position is taken from the federal Payday Lending Regulations (SOR/2024-114).

The provincial rules apply wherever a borrower is in Quebec; a municipal boundary does not change them.