Borrowing in Leader, Saskatchewan

Leader is one of the Saskatchewan communities covered here, with a 2021 Census population of 881, and borrowing there is licensed under Saskatchewan's consumer credit rules.

The census figures for Leader

Population for Leader stands at 881 in the 2021 Census. Statistics Canada lists 1.7 square kilometres of land for the community.

The arithmetic gives 524.4 people per square kilometre.

The community is the 150th largest place in the province within this census set.

Within Saskatchewan, Leader is place number 150 by population in this census set, at 881 residents.

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.

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

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.

A payday advance is repaid on a pay date, while an instalment loan is repaid over a set number of payments. Variable-rate products move with a reference rate, while fixed-rate products set the price for a defined term.

Products compared here

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

• Business lines of credit: A revolving operating limit for a business, and why it behaves differently from a term loan.
• Collateral loans: Borrowing against an asset a lender will hold, from vehicles to savings, and what happens on default.

Leader ranks 150 by 2021 Census population among the covered places in Saskatchewan.

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

The land area recorded for Leader is 1.7 square kilometres, and the population is 881 residents in the 2021 Census.

Leader sits at rank 150 within Saskatchewan in this data set, and the provincial rules apply as they do elsewhere.

At 881 residents in the 2021 Census, Leader is listed alongside the other covered places in Saskatchewan.

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

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

The density figure for Leader, 524.4 people per square kilometre, is calculated from the population and land area above.

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

Leader is one of 733 covered Saskatchewan places, counted at 881 residents with a land area of 1.7 square kilometres.

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

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).

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