Borrowing in Salluit, Quebec

A loan taken out in Salluit is governed by Quebec's licensing rules, and the 2021 Census counted 1,580 people in the community.

How borrowing works locally

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

Disclosure requirements mean the cost of borrowing must be stated before an agreement is signed. Debt management plans are administered by accredited credit counsellors, and they are not loans.

Products compared here

Among the 20 products compared here, these two are commonly used for the purposes described.

• Business loans: Commercial borrowing, what lenders read in a business file, and how the assessment differs from personal credit.
• Instalment loans: A fixed number of fixed payments, sized larger and longer than a payday advance.

The census figures for Salluit

In the 2021 Census, Salluit had 1,580 residents. Statistics Canada lists 15.1 square kilometres of land for the community.

Population divided by land area produces a density of 104.8 people per square kilometre.

Among covered Quebec places, Salluit sits at rank 491 by population.

Compared with the other 1150 covered Quebec places, Salluit ranks 491 by population.

The Quebec rules that apply

Provincial or territorial law decides who may lend in Quebec, and the Financial Consumer Agency of Canada publishes the list that names the regulator responsible.

For Quebec, the federal Payday Lending Regulations (SOR/2024-114) record that payday lending is not licensed, so the cost limit should be confirmed with the provincial regulator.

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

The land area recorded for Salluit is 15.1 square kilometres, and the population is 1,580 residents in the 2021 Census.

Salluit sits at rank 491 within Quebec in this data set, and the provincial rules apply as they do elsewhere.

Salluit is one of 1150 covered Quebec places, counted at 1,580 residents with a land area of 15.1 square kilometres.

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

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

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

Salluit ranks 491 by 2021 Census population among the covered places in Quebec.

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

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

At 1,580 residents in the 2021 Census, Salluit is listed alongside the other covered places in Quebec.

Salluit appears in the census record with 1,580 residents, and the density of 104.8 people per square kilometre follows from it.

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.

The same structure is used for every place covered, so two communities can be compared field by field: population, land area, density, rank, and the provincial rules.