Borrowing in Prairie Lakes, Manitoba

A loan taken out in Prairie Lakes is governed by Manitoba's licensing rules, and the 2021 Census counted 1,625 people in the community.

The census figures for Prairie Lakes

1,625 people were counted in Prairie Lakes in the 2021 Census. Statistics Canada lists 1071.0 square kilometres of land for the community.

Dividing population by land area gives 1.5 residents per square kilometre, rounded to one decimal place.

Its provincial population rank is 97 within this data set.

Within Manitoba, Prairie Lakes is place number 97 by population in this census set, at 1,625 residents.

The Manitoba rules that apply

Consumer credit in Manitoba is licensed by the provincial or territorial regulator, and the Financial Consumer Agency of Canada publishes the 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.

Communities of this size are listed here with population, land area and density, and the lending rules remain provincial.

How borrowing works locally

A payday advance is repaid on a pay date, while an instalment loan is repaid over a set number of payments.

Payment history is reported to credit agencies, and that record is what builds or damages a credit file over time. A lender may ask for proof of address, and a permanent address is a standard requirement for consumer credit.

Products compared here

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

• Personal loans: A fixed sum repaid on a schedule, usually unsecured, for almost any purpose a lender will accept.
• Mortgage loans: Borrowing against residential property, including how a federally regulated lender tests the file.

The land area recorded for Prairie Lakes is 1071.0 square kilometres, and the population is 1,625 residents in the 2021 Census.

Prairie Lakes sits at rank 97 within Manitoba in this data set, and the provincial rules apply as they do elsewhere.

The density figure for Prairie Lakes, 1.5 people per square kilometre, is calculated from the population and land area above.

Prairie Lakes ranks 97 by 2021 Census population among the covered places in Manitoba.

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

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

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

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

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

Prairie Lakes appears in the census record with 1,625 residents, and the density of 1.5 people per square kilometre follows from it.

Prairie Lakes is one of 203 covered Manitoba places, counted at 1,625 residents with a land area of 1071.0 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.

Statistics Canada's 2021 Census of Population supplies the population and land-area figures, and the federal Payday Lending Regulations (SOR/2024-114) supply the payday position.

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