Borrowing in Carman, Manitoba

With 3,114 residents counted in the 2021 Census, Carman sits inside Manitoba's provincial lending framework.

The census figures for Carman

Population for Carman stands at 3,114 in the 2021 Census. Its land area is 4.3 square kilometres.

The arithmetic gives 720.8 people per square kilometre.

Carman ranks 49 by population among the Manitoba places on this site.

The place record for Carman covers 4.3 square kilometres and 3,114 residents, a density of 720.8 people per square kilometre.

The Manitoba rules that apply

The regulator for consumer credit in Manitoba is the body listed by the federal Payday Lending Regulations (SOR/2024-114) 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 Manitoba, which the federal Payday Lending Regulations (SOR/2024-114) list as a province that regulates the product.

Communities of this size are listed here with population, land area and density, and the lending rules remain provincial.

How borrowing works locally

A payday advance is repaid on a pay date, while an instalment loan is repaid over a set number of payments.

Adding a co-signer puts a second file in front of the lender and adds a second person to the obligation. A provincial regulator publishes licensing requirements, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators.

Products compared here

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

• No credit check loans: What lenders who advertise without a credit check actually look at instead, and where the cost goes.
• Mortgage refinancing: Replacing an existing mortgage to change the rate, the term or the amount borrowed, and what it costs.

Carman is one of 203 covered Manitoba places, counted at 3,114 residents with a land area of 4.3 square kilometres.

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

Carman sits at rank 49 within Manitoba in this data set, and the provincial rules apply as they do elsewhere.

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

Carman appears in the census record with 3,114 residents, and the density of 720.8 people per square kilometre follows from it.

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

The land area recorded for Carman is 4.3 square kilometres, and the population is 3,114 residents in the 2021 Census.

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

At 3,114 residents in the 2021 Census, Carman is listed alongside the other covered places in Manitoba.

The density figure for Carman, 720.8 people per square kilometre, is calculated from the population and land area above.

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

Carman ranks 49 by 2021 Census population among the covered places in Manitoba.

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.

The provincial rules apply wherever a borrower is in Manitoba; a municipal boundary does not change them.