Borrowing in Southey, Saskatchewan

This page covers borrowing in Southey, Saskatchewan: the census facts, the provincial rules, and the products people compare.

The census figures for Southey

In the 2021 Census, Southey had 832 residents. Statistics Canada lists 1.6 square kilometres of land for the community.

On those two figures, density is 533.3 residents per square kilometre when rounded to one decimal place.

Its provincial population rank is 160 within this data set.

Southey therefore appears at rank 160 of 733 covered Saskatchewan places, with a density of 533.3 people per square kilometre.

Products compared here

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

• Mortgage loans: Borrowing against residential property, including how a federally regulated lender tests the file.
• Debt relief programs: The formal and informal routes out of unmanageable debt in Canada, and who is licensed to run them.

The Saskatchewan rules that apply

The regulator for consumer credit in Saskatchewan is the body listed by the federal Payday Lending Regulations (SOR/2024-114) provincial and territorial regulators.

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

A lender's assessment looks at income, existing obligations, the credit file, and the asset pledged where there is one.

A lender may ask for proof of address, and a permanent address is a standard requirement for consumer credit. Payment history is reported to credit agencies, and that record is what builds or damages a credit file over time.

The land area recorded for Southey is 1.6 square kilometres, and the population is 832 residents in the 2021 Census.

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

Southey sits at rank 160 within Saskatchewan in this data set, and the provincial rules apply as they do elsewhere.

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

Southey ranks 160 by 2021 Census population among the covered places in Saskatchewan.

Southey appears in the census record with 832 residents, and the density of 533.3 people per square kilometre follows from it.

At 832 residents in the 2021 Census, Southey is listed alongside the other covered places in Saskatchewan.

Southey is one of 733 covered Saskatchewan places, counted at 832 residents with a land area of 1.6 square kilometres.

The density figure for Southey, 533.3 people per square kilometre, is calculated from the population and land area above.

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

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

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

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

Statistics Canada's 2021 Census of Population supplies the population and land-area figures, and the federal Payday Lending Regulations (SOR/2024-114) supply the payday position.

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