Borrowing in Brokenhead, Manitoba

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

The Manitoba rules that apply

Licensing for consumer credit in Manitoba sits with the province or territory, and the Financial Consumer Agency of Canada maintains the public list of provincial and territorial regulators.

Payday lending is licensed in Manitoba; 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.

The lower-middle band covers towns of moderate size, none of which sets its own lending rules.

How borrowing works locally

Disclosure requirements mean the cost of borrowing must be stated before an agreement is signed.

Adding a co-signer puts a second file in front of the lender and adds a second person to the obligation. A lender's assessment looks at income, existing obligations, the credit file, and the asset pledged where there is one.

The census figures for Brokenhead

Brokenhead recorded a population of 5,414 in Statistics Canada's 2021 Census of Population. Land area for Brokenhead is 749.7 square kilometres in the same census.

Population divided by land area produces a density of 7.2 people per square kilometre.

The community is the 29th largest place in the province within this census set.

Compared with the other 203 covered Manitoba places, Brokenhead ranks 29 by population.

Products compared here

Two of the 20 covered products appear below, each with the purpose the product is designed for.

• Car loans: Financing a vehicle, including the effect of trade-in equity, negative equity and dealer-arranged credit.
• Debt consolidation loans: Replacing several expensive debts with one payment, and the arithmetic that decides whether it helps.

Brokenhead appears in the census record with 5,414 residents, and the density of 7.2 people per square kilometre follows from it.

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

Brokenhead sits at rank 29 within Manitoba in this data set, and the provincial rules apply as they do elsewhere.

The density figure for Brokenhead, 7.2 people per square kilometre, is calculated from the population and land area above.

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

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

The land area recorded for Brokenhead is 749.7 square kilometres, and the population is 5,414 residents in the 2021 Census.

Brokenhead ranks 29 by 2021 Census population among the covered places in Manitoba.

At 5,414 residents in the 2021 Census, Brokenhead is listed alongside the other covered places in Manitoba.

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

Brokenhead is one of 203 covered Manitoba places, counted at 5,414 residents with a land area of 749.7 square kilometres.

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).

Nothing here is an offer, and no page on this site can tell anyone what a lender will decide.