Borrowing in Cumberland House, Saskatchewan

Cumberland House is one of the Saskatchewan communities covered here, with a 2021 Census population of 540, and borrowing there is licensed under Saskatchewan's consumer credit rules.

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.

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.

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

The census figures for Cumberland House

Population for Cumberland House stands at 540 in the 2021 Census. The community covers 16.1 square kilometres of land.

Dividing population by land area gives 33.5 residents per square kilometre, rounded to one decimal place.

The community is the 278th largest place in the province within this census set.

Compared with the other 733 covered Saskatchewan places, Cumberland House ranks 278 by population.

Products compared here

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

• Lines of credit: A revolving limit you draw on and repay, usually paying interest only on what is outstanding.
• Home renovation loans: Paying for work on a property, from a small unsecured instalment loan to a secured renovation product.

How borrowing works locally

A shorter term raises each payment and lowers the total interest, which is the trade every schedule makes.

Debt management plans are administered by accredited credit counsellors, and they are not loans. Interest on a line of credit accrues only on the drawn portion, not on the unused limit.

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

The land area recorded for Cumberland House is 16.1 square kilometres, and the population is 540 residents in the 2021 Census.

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

Cumberland House is one of 733 covered Saskatchewan places, counted at 540 residents with a land area of 16.1 square kilometres.

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

At 540 residents in the 2021 Census, Cumberland House is listed alongside the other covered places in Saskatchewan.

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

The density figure for Cumberland House, 33.5 people per square kilometre, is calculated from the population and land area above.

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

Cumberland House ranks 278 by 2021 Census population among the covered places in Saskatchewan.

Cumberland House appears in the census record with 540 residents, and the density of 33.5 people per square kilometre follows from it.

Cumberland House sits at rank 278 within Saskatchewan in this data set, and the provincial rules apply as they do elsewhere.

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

Population and land area figures come from Statistics Canada's 2021 Census of Population; regulatory statements are attributed to the federal Payday Lending Regulations (SOR/2024-114).

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