Borrowing in Buchanan, Saskatchewan

Buchanan is one of the Saskatchewan communities covered here, with a 2021 Census population of 237, and borrowing there is licensed under Saskatchewan's consumer credit rules.

The Saskatchewan rules that apply

Consumer credit in Saskatchewan is licensed by the provincial or territorial regulator, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators.

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 in Saskatchewan, which the federal Payday Lending Regulations (SOR/2024-114) list as a province that regulates the product.

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.

Adding a co-signer puts a second file in front of the lender and adds a second person to the obligation. A broker arranges credit but does not lend, and the lender remains the party that makes the decision.

The census figures for Buchanan

In the 2021 Census, Buchanan had 237 residents. The community covers 1.1 square kilometres of land.

That gives a density of 209.7 people per square kilometre, rounded to one decimal place.

The community is the 557th largest place in the province within this census set.

Within Saskatchewan, Buchanan is place number 557 by population in this census set, at 237 residents.

Products compared here

These are two of the 20 products described on the site, and each has a national page as well as the provincial rules.

• Secured loans: Borrowing against an asset, which lowers the price but puts the asset at risk if you default.
• Business lines of credit: A revolving operating limit for a business, and why it behaves differently from a term loan.

The land area recorded for Buchanan is 1.1 square kilometres, and the population is 237 residents in the 2021 Census.

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

Buchanan is one of 733 covered Saskatchewan places, counted at 237 residents with a land area of 1.1 square kilometres.

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

Buchanan ranks 557 by 2021 Census population among the covered places in Saskatchewan.

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

Buchanan sits at rank 557 within Saskatchewan in this data set, and the provincial rules apply as they do elsewhere.

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

The density figure for Buchanan, 209.7 people per square kilometre, is calculated from the population and land area above.

Buchanan appears in the census record with 237 residents, and the density of 209.7 people per square kilometre follows from it.

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

At 237 residents in the 2021 Census, Buchanan is listed alongside the other covered places in Saskatchewan.

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 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.