Borrowing in Melita, Manitoba

Melita is one of the Manitoba communities covered here, with a 2021 Census population of 1,041, and borrowing there is licensed under Manitoba's consumer credit rules.

The Manitoba rules that apply

The body that licenses consumer lending in Manitoba is the regulator named on the federal Payday Lending Regulations (SOR/2024-114)'s list of provincial and territorial regulators.

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.

The census figures for Melita

1,041 people were counted in Melita in the 2021 Census. Statistics Canada lists 3.2 square kilometres of land for the community.

The calculated density is 326.3 people per square kilometre.

Among covered Manitoba places, Melita sits at rank 146 by population.

Melita therefore appears at rank 146 of 203 covered Manitoba places, with a density of 326.3 people per square kilometre.

Products compared here

These are two of the 20 products described on the site, and each has a national page as well as the provincial rules.

• Instalment loans: A fixed number of fixed payments, sized larger and longer than a payday advance.
• Secured loans: Borrowing against an asset, which lowers the price but puts the asset at risk if you default.

How borrowing works locally

A provincial regulator publishes licensing requirements, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators.

A lender may ask for proof of address, and a permanent address is a standard requirement for consumer credit. A payday advance is repaid on a pay date, while an instalment loan is repaid over a set number of payments.

Melita ranks 146 by 2021 Census population among the covered places in Manitoba.

Melita sits at rank 146 within Manitoba in this data set, and the provincial rules apply as they do elsewhere.

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

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

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

The land area recorded for Melita is 3.2 square kilometres, and the population is 1,041 residents in the 2021 Census.

Melita is one of 203 covered Manitoba places, counted at 1,041 residents with a land area of 3.2 square kilometres.

Melita appears in the census record with 1,041 residents, and the density of 326.3 people per square kilometre follows from it.

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

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

The density figure for Melita, 326.3 people per square kilometre, is calculated from the population and land area above.

loanmoose.ca is not a lender and does not make credit decisions. The lowest rates are only available to the most qualified applicants.

Population and land area figures come from Statistics Canada's 2021 Census of Population; regulatory statements are attributed to the federal Payday Lending Regulations (SOR/2024-114).

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