Borrowing in Morden, Manitoba

A loan taken out in Morden is governed by Manitoba's licensing rules, and the 2021 Census counted 9,929 people in the community.

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.

In the lower-middle band, pages carry the census figures for the place and the same provincial lending position as larger centres.

The census figures for Morden

In the 2021 Census, Morden had 9,929 residents. 16.3 square kilometres of land are attributed to Morden.

The calculated density is 609.5 people per square kilometre.

The 2021 Census population places it at rank 13 in the province.

Within Manitoba, Morden is place number 13 by population in this census set, at 9,929 residents.

Products compared here

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

• Lines of credit: A revolving limit you draw on and repay, usually paying interest only on what is outstanding.
• Home renovation loans: Paying for work on a property, from a small unsecured instalment loan to a secured renovation product.

How borrowing works locally

A consumer proposal or a bankruptcy is administered by a licensed insolvency trustee rather than by a lender.

A shorter term raises each payment and lowers the total interest, which is the trade every schedule makes. Adding a co-signer puts a second file in front of the lender and adds a second person to the obligation.

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

At 9,929 residents in the 2021 Census, Morden is listed alongside the other covered places in Manitoba.

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

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

The density figure for Morden, 609.5 people per square kilometre, is calculated from the population and land area above.

Morden sits at rank 13 within Manitoba in this data set, and the provincial rules apply as they do elsewhere.

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

Morden appears in the census record with 9,929 residents, and the density of 609.5 people per square kilometre follows from it.

Morden is one of 203 covered Manitoba places, counted at 9,929 residents with a land area of 16.3 square kilometres.

The land area recorded for Morden is 16.3 square kilometres, and the population is 9,929 residents in the 2021 Census.

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

Morden ranks 13 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 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.