Borrowing in Springfield, Manitoba

Springfield is one of the Manitoba communities covered here, with a 2021 Census population of 16,142, 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.

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.

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

How borrowing works locally

A prepayment privilege allows a borrower to pay more than the scheduled amount, sometimes with a charge attached.

A mortgage is registered against the property, which is what gives the lender its claim. A broker arranges credit but does not lend, and the lender remains the party that makes the decision.

The census figures for Springfield

16,142 people were counted in Springfield in the 2021 Census. Statistics Canada lists 1096.2 square kilometres of land for the community.

The calculated density is 14.7 people per square kilometre.

Springfield ranks 5 by population among the Manitoba places on this site.

The place record for Springfield covers 1096.2 square kilometres and 16,142 residents, a density of 14.7 people per square kilometre.

Products compared here

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

• Secured loans: Borrowing against an asset, which lowers the price but puts the asset at risk if you default.
• Business lines of credit: A revolving operating limit for a business, and why it behaves differently from a term loan.

At 16,142 residents in the 2021 Census, Springfield is listed alongside the other covered places in Manitoba.

Springfield is one of 203 covered Manitoba places, counted at 16,142 residents with a land area of 1096.2 square kilometres.

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

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

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

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

The land area recorded for Springfield is 1096.2 square kilometres, and the population is 16,142 residents in the 2021 Census.

Springfield sits at rank 5 within Manitoba in this data set, and the provincial rules apply as they do elsewhere.

The density figure for Springfield, 14.7 people per square kilometre, is calculated from the population and land area above.

Springfield appears in the census record with 16,142 residents, and the density of 14.7 people per square kilometre follows from it.

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

Springfield ranks 5 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.

Census figures are from Statistics Canada's 2021 Census of Population, and the payday position is taken from 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.