Borrowing in Lipton, Saskatchewan

Lipton, Saskatchewan, recorded a population of 284 in the 2021 Census; the rules that govern a loan signed there are provincial.

The census figures for Lipton

Lipton recorded a population of 284 in Statistics Canada's 2021 Census of Population. Its land area is 0.7 square kilometres.

The calculated density is 405.7 people per square kilometre.

By population it ranks 496 among the Saskatchewan places covered here.

Lipton therefore appears at rank 496 of 733 covered Saskatchewan places, with a density of 405.7 people per square kilometre.

Products compared here

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

• Bad credit loans: Borrowing when the credit file is damaged, and what changes about price and security as a result.
• Home equity loans: Converting property equity into credit, and the difference between a lump sum and a revolving limit.

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.

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.

This is a small community by population, inside the lowest band used on this site, and the provincial framework applies without variation.

How borrowing works locally

A revolving product charges interest on the outstanding balance, while an instalment product charges a fixed schedule of payments.

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

At 284 residents in the 2021 Census, Lipton is listed alongside the other covered places in Saskatchewan.

Lipton ranks 496 by 2021 Census population among the covered places in Saskatchewan.

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

The density figure for Lipton, 405.7 people per square kilometre, is calculated from the population and land area above.

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

Lipton appears in the census record with 284 residents, and the density of 405.7 people per square kilometre follows from it.

The land area recorded for Lipton is 0.7 square kilometres, and the population is 284 residents in the 2021 Census.

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

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

Lipton sits at rank 496 within Saskatchewan in this data set, and the provincial rules apply as they do elsewhere.

Lipton is one of 733 covered Saskatchewan places, counted at 284 residents with a land area of 0.7 square kilometres.

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

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

The 2021 Census of Population published by Statistics Canada is the source for population and land area; the federal Payday Lending Regulations (SOR/2024-114) are the source for payday rules.

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