Borrowing in Alberton, Prince Edward Island

This page covers borrowing in Alberton, Prince Edward Island: the census facts, the provincial rules, and the products people compare.

The Prince Edward Island rules that apply

Consumer lending in Prince Edward Island is licensed provincially or territorially, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators where the current position appears.

Payday lending is licensed in Prince Edward Island; the federal Payday Lending Regulations (SOR/2024-114) publish a cap of $14 per $100 advanced, and notes that a province may set a lower figure.

Small places are covered the same way as large ones: census figures for the place, and the provincial position on lending.

The census figures for Alberton

The 2021 Census counted 2,230 residents in Alberton. Land area for Alberton is 157.3 square kilometres in the same census.

The arithmetic gives 14.2 people per square kilometre.

Alberton ranks 13 by population among the Prince Edward Island places on this site.

Alberton sits at rank 13 among the 91 Prince Edward Island places here, with 2,230 residents in the 2021 Census.

Products compared here

Two of the 20 covered products appear below, each with the purpose the product is designed for.

• Car loans: Financing a vehicle, including the effect of trade-in equity, negative equity and dealer-arranged credit.
• Debt consolidation loans: Replacing several expensive debts with one payment, and the arithmetic that decides whether it helps.

How borrowing works locally

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

A lender is free to set its own price below the legal ceiling, and it does so according to the risk it reads in the file. Joint applications combine two incomes and two sets of obligations in the same assessment.

The density figure for Alberton, 14.2 people per square kilometre, is calculated from the population and land area above.

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

Alberton ranks 13 by 2021 Census population among the covered places in Prince Edward Island.

At 2,230 residents in the 2021 Census, Alberton is listed alongside the other covered places in Prince Edward Island.

Alberton appears in the census record with 2,230 residents, and the density of 14.2 people per square kilometre follows from it.

Alberton sits at rank 13 within Prince Edward Island in this data set, and the provincial rules apply as they do elsewhere.

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

Alberton is one of 91 covered Prince Edward Island places, counted at 2,230 residents with a land area of 157.3 square kilometres.

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

The land area recorded for Alberton is 157.3 square kilometres, and the population is 2,230 residents in the 2021 Census.

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

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

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.

Compare the disclosure on any agreement against the provincial ceiling, and treat the census figures as the only local statistics on the page.