Borrowing in Chitek Lake, Saskatchewan

With 300 residents counted in the 2021 Census, Chitek Lake sits inside Saskatchewan's provincial lending framework.

How borrowing works locally

A lender's assessment looks at income, existing obligations, the credit file, and the asset pledged where there is one.

A mortgage is registered against the property, which is what gives the lender its claim. A revolving product charges interest on the outstanding balance, while an instalment product charges a fixed schedule of payments.

Products compared here

The site describes 20 products in total; the two below are representative of the range.

• Home renovation loans: Paying for work on a property, from a small unsecured instalment loan to a secured renovation product.
• Emergency loans: Money for an urgent expense, and the order in which a sensible borrower works through the options.

The census figures for Chitek Lake

Chitek Lake recorded a population of 300 in Statistics Canada's 2021 Census of Population. Land area for Chitek Lake is 2.6 square kilometres in the same census.

Dividing population by land area gives 116.7 residents per square kilometre, rounded to one decimal place.

Among covered Saskatchewan places, Chitek Lake sits at rank 482 by population.

Chitek Lake therefore appears at rank 482 of 733 covered Saskatchewan places, with a density of 116.7 people per square kilometre.

The Saskatchewan rules that apply

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

Payday lending is licensed in Saskatchewan; the federal Payday Lending Regulations (SOR/2024-114) publish a cap of $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, and notes that a province may set a lower figure.

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

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

The land area recorded for Chitek Lake is 2.6 square kilometres, and the population is 300 residents in the 2021 Census.

Chitek Lake is one of 733 covered Saskatchewan places, counted at 300 residents with a land area of 2.6 square kilometres.

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

Chitek Lake appears in the census record with 300 residents, and the density of 116.7 people per square kilometre follows from it.

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

Chitek Lake ranks 482 by 2021 Census population among the covered places in Saskatchewan.

Chitek Lake sits at rank 482 within Saskatchewan in this data set, and the provincial rules apply as they do elsewhere.

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

At 300 residents in the 2021 Census, Chitek Lake is listed alongside the other covered places in Saskatchewan.

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

loanmoose.ca is not a lender and does not make credit decisions. The lowest rates are only available to the most qualified applicants.

Statistics Canada's 2021 Census of Population supplies the population and land-area figures, and the federal Payday Lending Regulations (SOR/2024-114) supply the payday position.

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