Borrowing in Elfros No. 307, Saskatchewan

This page covers borrowing in Elfros No. 307, Saskatchewan: the census facts, the provincial rules, and the products people compare.

The census figures for Elfros No. 307

In the 2021 Census, Elfros No. 307 had 373 residents. The census records a land area of 687.6 square kilometres for Elfros No. 307.

Population divided by land area produces a density of 0.5 people per square kilometre.

Among covered Saskatchewan places, Elfros No. 307 sits at rank 397 by population.

Elfros No. 307 therefore appears at rank 397 of 733 covered Saskatchewan places, with a density of 0.5 people per square kilometre.

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.

A payday advance in Saskatchewan falls under a provincial licensing regime, and the cost of borrowing is capped 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 according to the federal Payday Lending Regulations (SOR/2024-114).

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

How borrowing works locally

A payday advance is repaid on a pay date, while an instalment loan is repaid over a set number of payments.

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. A consumer proposal or a bankruptcy is administered by a licensed insolvency trustee rather than by a lender.

Products compared here

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

• Debt relief programs: The formal and informal routes out of unmanageable debt in Canada, and who is licensed to run them.
• Bad credit loans: Borrowing when the credit file is damaged, and what changes about price and security as a result.

For Elfros No. 307, the two census fields above are the only local statistics used anywhere on the page.

At 373 residents in the 2021 Census, Elfros No. 307 is listed alongside the other covered places in Saskatchewan.

The density figure for Elfros No. 307, 0.5 people per square kilometre, is calculated from the population and land area above.

Readers comparing Elfros No. 307 with another community can use the same four census fields.

Elfros No. 307 is one of 733 covered Saskatchewan places, counted at 373 residents with a land area of 687.6 square kilometres.

The land area recorded for Elfros No. 307 is 687.6 square kilometres, and the population is 373 residents in the 2021 Census.

Where a figure for Elfros No. 307 could not be verified, the page names the publisher instead of printing a number.

Elfros No. 307 appears in the census record with 373 residents, and the density of 0.5 people per square kilometre follows from it.

Nothing on the Elfros No. 307 page is estimated; the population and land area come from Statistics Canada's 2021 Census of Population.

The Elfros No. 307 page follows the same structure as every other place page, with population, land area, density and rank.

Elfros No. 307 sits at rank 397 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.

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).

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