Borrowing in Cole Bay, Saskatchewan

Cole Bay, Saskatchewan, recorded a population of 194 in the 2021 Census; the rules that govern a loan signed there are provincial.

The census figures for Cole Bay

Population for Cole Bay stands at 194 in the 2021 Census. Its land area is 4.9 square kilometres.

The arithmetic gives 39.9 people per square kilometre.

By population it ranks 608 among the Saskatchewan places covered here.

The place record for Cole Bay covers 4.9 square kilometres and 194 residents, a density of 39.9 people per square kilometre.

The Saskatchewan rules that apply

The body that licenses consumer lending in Saskatchewan is the regulator named on the federal Payday Lending Regulations (SOR/2024-114)'s list of provincial and territorial regulators.

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.

Small places are covered the same way as large ones: census figures for the place, and the provincial position on lending.

How borrowing works locally

Adding a co-signer puts a second file in front of the lender and adds a second person to the obligation.

Disclosure requirements mean the cost of borrowing must be stated before an agreement is signed. Interest on a line of credit accrues only on the drawn portion, not on the unused limit.

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 Cole Bay is 4.9 square kilometres, and the population is 194 residents in the 2021 Census.

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

Cole Bay ranks 608 by 2021 Census population among the covered places in Saskatchewan.

The density figure for Cole Bay, 39.9 people per square kilometre, is calculated from the population and land area above.

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

Cole Bay sits at rank 608 within Saskatchewan in this data set, and the provincial rules apply as they do elsewhere.

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

Cole Bay appears in the census record with 194 residents, and the density of 39.9 people per square kilometre follows from it.

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

Cole Bay is one of 733 covered Saskatchewan places, counted at 194 residents with a land area of 4.9 square kilometres.

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

At 194 residents in the 2021 Census, Cole Bay 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.

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.

Compare the disclosure on any agreement against the provincial ceiling, and treat the census figures as the only local statistics on the page.