Borrowing in Mayfield No. 406, Saskatchewan

With 391 residents counted in the 2021 Census, Mayfield No. 406 sits inside Saskatchewan's provincial lending framework.

The census figures for Mayfield No. 406

Population for Mayfield No. 406 stands at 391 in the 2021 Census. The community covers 780.5 square kilometres of land.

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

By population it ranks 378 among the Saskatchewan places covered here.

Mayfield No. 406 is one of 733 places listed for Saskatchewan, ranked 378 by population and measured at 780.5 square kilometres.

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.

In Saskatchewan, payday lending operates under a licensed provincial regime, and the federal Payday Lending Regulations (SOR/2024-114) record a maximum cost of borrowing of $14 for each $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 under 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 deposit or trade-in reduces the amount financed and therefore the interest charged over the term.

A mortgage is registered against the property, which is what gives the lender its claim. A broker arranges credit but does not lend, and the lender remains the party that makes the decision.

Products compared here

Each product below has its own page, and the Saskatchewan position applies to all of them.

• 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.

Mayfield No. 406 is one of 733 covered Saskatchewan places, counted at 391 residents with a land area of 780.5 square kilometres.

The land area recorded for Mayfield No. 406 is 780.5 square kilometres, and the population is 391 residents in the 2021 Census.

Readers comparing Mayfield No. 406 with another community can use the same four census fields.

At 391 residents in the 2021 Census, Mayfield No. 406 is listed alongside the other covered places in Saskatchewan.

Where a figure for Mayfield No. 406 could not be verified, the page names the publisher instead of printing a number.

For Mayfield No. 406, the two census fields above are the only local statistics used anywhere on the page.

Nothing on the Mayfield No. 406 page is estimated; the population and land area come from Statistics Canada's 2021 Census of Population.

Mayfield No. 406 appears in the census record with 391 residents, and the density of 0.5 people per square kilometre follows from it.

The Mayfield No. 406 page follows the same structure as every other place page, with population, land area, density and rank.

Mayfield No. 406 ranks 378 by 2021 Census population among the covered places in Saskatchewan.

Mayfield No. 406 sits at rank 378 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).

Lending rules change, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators where the current position is confirmed.