Borrowing in Stratford, Prince Edward Island

Stratford, Prince Edward Island, recorded a population of 10,927 in the 2021 Census; the rules that govern a loan signed there are provincial.

The census figures for Stratford

In the 2021 Census, Stratford had 10,927 residents. 22.7 square kilometres of land are attributed to Stratford.

Dividing population by land area gives 482.0 residents per square kilometre, rounded to one decimal place.

Among covered Prince Edward Island places, Stratford sits at rank 3 by population.

Within Prince Edward Island, Stratford is place number 3 by population in this census set, at 10,927 residents.

Products compared here

The site describes 20 products in total; the two below are representative of the range.

• Instalment loans: A fixed number of fixed payments, sized larger and longer than a payday advance.
• Secured loans: Borrowing against an asset, which lowers the price but puts the asset at risk if you default.

The Prince Edward Island rules that apply

Licensing for consumer credit in Prince Edward Island sits with the province or territory, and the Financial Consumer Agency of Canada maintains the public list of provincial and territorial regulators.

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.

The lower-middle band covers towns of moderate size, none of which sets its own lending rules.

How borrowing works locally

A mortgage is registered against the property, which is what gives the lender its claim.

A shorter term raises each payment and lowers the total interest, which is the trade every schedule makes. A prepayment privilege allows a borrower to pay more than the scheduled amount, sometimes with a charge attached.

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

The land area recorded for Stratford is 22.7 square kilometres, and the population is 10,927 residents in the 2021 Census.

Stratford appears in the census record with 10,927 residents, and the density of 482.0 people per square kilometre follows from it.

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

The density figure for Stratford, 482.0 people per square kilometre, is calculated from the population and land area above.

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

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

Stratford ranks 3 by 2021 Census population among the covered places in Prince Edward Island.

Stratford sits at rank 3 within Prince Edward Island in this data set, and the provincial rules apply as they do elsewhere.

At 10,927 residents in the 2021 Census, Stratford is listed alongside the other covered places in Prince Edward Island.

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

Stratford is one of 91 covered Prince Edward Island places, counted at 10,927 residents with a land area of 22.7 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.

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