Borrowing in Fairford 50, Manitoba

Fairford 50, Manitoba, recorded a population of 1,144 in the 2021 Census; the rules that govern a loan signed there are provincial.

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.

A payday advance in Manitoba falls under a provincial licensing regime, and the cost of borrowing is capped 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 according to the federal Payday Lending Regulations (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

Payment history is reported to credit agencies, and that record is what builds or damages a credit file over time.

Interest on a line of credit accrues only on the drawn portion, not on the unused limit. Adding a co-signer puts a second file in front of the lender and adds a second person to the obligation.

The census figures for Fairford 50

Statistics Canada's 2021 Census gives Fairford 50 a population of 1,144. Statistics Canada lists 77.1 square kilometres of land for the community.

That gives a density of 14.8 people per square kilometre, rounded to one decimal place.

Its provincial population rank is 138 within this data set.

Fairford 50 therefore appears at rank 138 of 203 covered Manitoba places, with a density of 14.8 people per square kilometre.

Products compared here

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

• Business loans: Commercial borrowing, what lenders read in a business file, and how the assessment differs from personal credit.
• Instalment loans: A fixed number of fixed payments, sized larger and longer than a payday advance.

The land area recorded for Fairford 50 is 77.1 square kilometres, and the population is 1,144 residents in the 2021 Census.

For Fairford 50, the two census fields above are the only local statistics used anywhere on the page.

The Fairford 50 page follows the same structure as every other place page, with population, land area, density and rank.

Fairford 50 appears in the census record with 1,144 residents, and the density of 14.8 people per square kilometre follows from it.

Fairford 50 sits at rank 138 within Manitoba in this data set, and the provincial rules apply as they do elsewhere.

At 1,144 residents in the 2021 Census, Fairford 50 is listed alongside the other covered places in Manitoba.

Nothing on the Fairford 50 page is estimated; the population and land area come from Statistics Canada's 2021 Census of Population.

Fairford 50 ranks 138 by 2021 Census population among the covered places in Manitoba.

Fairford 50 is one of 203 covered Manitoba places, counted at 1,144 residents with a land area of 77.1 square kilometres.

The density figure for Fairford 50, 14.8 people per square kilometre, is calculated from the population and land area above.

Readers comparing Fairford 50 with another community can use the same four census fields.

Where a figure for Fairford 50 could not be verified, the page names the publisher instead of printing a number.

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 same structure is used for every place covered, so two communities can be compared field by field: population, land area, density, rank, and the provincial rules.