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Borrowing in Ellice-Archie, Manitoba

A guide to borrowing in Ellice-Archie, Manitoba, with the 2021 Census population of 831 and the provincial rules that apply locally.

Province Manitoba (MB)
Population, 2021 Census 831
Land area 1153.1 km²
Provincial regulator See the FCAC list

Ellice-Archie, Manitoba, recorded a population of 831 in the 2021 Census; the rules that govern a loan signed there are provincial.

The census figures for Ellice-Archie

831 people were counted in Ellice-Archie in the 2021 Census. Statistics Canada lists 1153.1 square kilometres of land for the community.

Population divided by land area produces a density of 0.7 people per square kilometre.

The 2021 Census population places it at rank 157 in the province.

Ellice-Archie sits at rank 157 among the 203 Manitoba places here, with 831 residents in the 2021 Census.

The Manitoba rules that apply

Provincial or territorial law decides who may lend in Manitoba, and the Financial Consumer Agency of Canada publishes the list that names the regulator responsible.

The federal Payday Lending Regulations (SOR/2024-114) list Manitoba among the provinces that regulate payday lending, where 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.

The lowest band groups villages, rural municipalities and small towns, all read against the same provincial rulebook.

How borrowing works locally

A secured product gives the lender a claim on a named asset, which is why its price is usually lower than an unsecured equivalent.

Variable-rate products move with a reference rate, while fixed-rate products set the price for a defined term. Joint applications combine two incomes and two sets of obligations in the same assessment.

Products compared here

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

  • 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 Ellice-Archie page follows the same structure as every other place page, with population, land area, density and rank.

Ellice-Archie ranks 157 by 2021 Census population among the covered places in Manitoba.

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

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

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

The land area recorded for Ellice-Archie is 1153.1 square kilometres, and the population is 831 residents in the 2021 Census.

At 831 residents in the 2021 Census, Ellice-Archie is listed alongside the other covered places in Manitoba.

The density figure for Ellice-Archie, 0.7 people per square kilometre, is calculated from the population and land area above.

Ellice-Archie appears in the census record with 831 residents, and the density of 0.7 people per square kilometre follows from it.

Readers comparing Ellice-Archie with another community can use the same four census fields.

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.

Population and land area: Statistics Canada, Census of Population 2021, table 98-10-0002.

Borrowing in Ellice-Archie

Personal loans A fixed sum repaid on a schedule, usually unsecured, for almost any purpose a lender will accept. Bad credit loans Borrowing when the credit file is damaged, and what changes about price and security as a result. No credit check loans What lenders who advertise without a credit check actually look at instead, and where the cost goes. Lines of credit A revolving limit you draw on and repay, usually paying interest only on what is outstanding. Unsecured loans Borrowing with no asset pledged, priced for the risk the lender is taking on your file alone. Secured loans Borrowing against an asset, which lowers the price but puts the asset at risk if you default. Car loans Financing a vehicle, including the effect of trade-in equity, negative equity and dealer-arranged credit. Mortgage loans Borrowing against residential property, including how a federally regulated lender tests the file. Home equity loans Converting property equity into credit, and the difference between a lump sum and a revolving limit. Mortgage refinancing Replacing an existing mortgage to change the rate, the term or the amount borrowed, and what it costs. Home renovation loans Paying for work on a property, from a small unsecured instalment loan to a secured renovation product. Business loans Commercial borrowing, what lenders read in a business file, and how the assessment differs from personal credit. Business lines of credit A revolving operating limit for a business, and why it behaves differently from a term loan. Debt consolidation loans Replacing several expensive debts with one payment, and the arithmetic that decides whether it helps. Debt relief programs The formal and informal routes out of unmanageable debt in Canada, and who is licensed to run them. Payday loans Small, short-term advances against a pay date, the most tightly regulated product in Canadian consumer credit. Cash advance loans Immediate short-term cash, including the difference between a cash advance on credit and a payday-style advance. Emergency loans Money for an urgent expense, and the order in which a sensible borrower works through the options. Instalment loans A fixed number of fixed payments, sized larger and longer than a payday advance. Collateral loans Borrowing against an asset a lender will hold, from vehicles to savings, and what happens on default.

Nearby places

Winnipeg 749,607 Brandon 51,313 Steinbach 17,806 Hanover 17,216 Springfield 16,142 Winkler 13,745

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