Borrowing in Portage la Prairie, Manitoba

Portage la Prairie is one of the Manitoba communities covered here, with a 2021 Census population of 13,270, and borrowing there is licensed under Manitoba's consumer credit rules.

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).

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 Portage la Prairie

13,270 people were counted in Portage la Prairie in the 2021 Census. The community covers 24.7 square kilometres of land.

Population divided by land area produces a density of 536.8 people per square kilometre.

By population it ranks 7 among the Manitoba places covered here.

Compared with the other 203 covered Manitoba places, Portage la Prairie ranks 7 by population.

Products compared here

The product pages behind this city cover the following borrowing categories, among the 20 products compared nationally.

• 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.

How borrowing works locally

A revolving product charges interest on the outstanding balance, while an instalment product charges a fixed schedule of payments.

A credit file is compiled by private agencies from information lenders and other creditors report. A deposit or trade-in reduces the amount financed and therefore the interest charged over the term.

Portage la Prairie ranks 7 by 2021 Census population among the covered places in Manitoba.

Readers comparing Portage la Prairie with another community can use the same four census fields.

The density figure for Portage la Prairie, 536.8 people per square kilometre, is calculated from the population and land area above.

Portage la Prairie sits at rank 7 within Manitoba in this data set, and the provincial rules apply as they do elsewhere.

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

At 13,270 residents in the 2021 Census, Portage la Prairie is listed alongside the other covered places in Manitoba.

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

Portage la Prairie is one of 203 covered Manitoba places, counted at 13,270 residents with a land area of 24.7 square kilometres.

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

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

The land area recorded for Portage la Prairie is 24.7 square kilometres, and the population is 13,270 residents in the 2021 Census.

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.

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