Borrowing in Fox Lake 2, Manitoba

Fox Lake 2 is one of the Manitoba communities covered here, with a 2021 Census population of 126, and borrowing there is licensed under Manitoba's consumer credit rules.

How borrowing works locally

A shorter term raises each payment and lowers the total interest, which is the trade every schedule makes.

Debt management plans are administered by accredited credit counsellors, and they are not loans. A prepayment privilege allows a borrower to pay more than the scheduled amount, sometimes with a charge attached.

Products compared here

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

• Home equity loans: Converting property equity into credit, and the difference between a lump sum and a revolving limit.
• Payday loans: Small, short-term advances against a pay date, the most tightly regulated product in Canadian consumer credit.

The census figures for Fox Lake 2

126 people were counted in Fox Lake 2 in the 2021 Census. Land area for Fox Lake 2 is 0.4 square kilometres in the same census.

That gives a density of 307.3 people per square kilometre, rounded to one decimal place.

Its provincial population rank is 201 within this data set.

Fox Lake 2 therefore appears at rank 201 of 203 covered Manitoba places, with a density of 307.3 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) count Manitoba among the provinces with payday lending rules, where the published maximum cost of borrowing is $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 under SOR/2024-114.

At the small end of the census range, the community still borrows inside the province's licensing system.

Readers comparing Fox Lake 2 with another community can use the same four census fields.

Nothing on the Fox Lake 2 page is estimated; the population and land area come from Statistics Canada's 2021 Census of Population.

Fox Lake 2 appears in the census record with 126 residents, and the density of 307.3 people per square kilometre follows from it.

At 126 residents in the 2021 Census, Fox Lake 2 is listed alongside the other covered places in Manitoba.

Where a figure for Fox Lake 2 could not be verified, the page names the publisher instead of printing a number.

The Fox Lake 2 page follows the same structure as every other place page, with population, land area, density and rank.

Fox Lake 2 sits at rank 201 within Manitoba in this data set, and the provincial rules apply as they do elsewhere.

The density figure for Fox Lake 2, 307.3 people per square kilometre, is calculated from the population and land area above.

For Fox Lake 2, the two census fields above are the only local statistics used anywhere on the page.

Fox Lake 2 ranks 201 by 2021 Census population among the covered places in Manitoba.

Fox Lake 2 is one of 203 covered Manitoba places, counted at 126 residents with a land area of 0.4 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.

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.