Borrowing in Carmichael No. 109, Saskatchewan

Carmichael No. 109 is one of the Saskatchewan communities covered here, with a 2021 Census population of 462, and borrowing there is licensed under Saskatchewan's consumer credit rules.

How borrowing works locally

Joint applications combine two incomes and two sets of obligations in the same assessment.

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. Adding a co-signer puts a second file in front of the lender and adds a second person to the obligation.

Products compared here

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

• Bad credit loans: Borrowing when the credit file is damaged, and what changes about price and security as a result.
• Home equity loans: Converting property equity into credit, and the difference between a lump sum and a revolving limit.

The census figures for Carmichael No. 109

Carmichael No. 109 recorded a population of 462 in Statistics Canada's 2021 Census of Population. Statistics Canada lists 839.5 square kilometres of land for the community.

The arithmetic gives 0.6 people per square kilometre.

The community is the 326th largest place in the province within this census set.

Compared with the other 733 covered Saskatchewan places, Carmichael No. 109 ranks 326 by population.

The Saskatchewan rules that apply

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

In Saskatchewan, payday lending operates under a licensed provincial regime, and the federal Payday Lending Regulations (SOR/2024-114) record a maximum cost of borrowing of $14 for each $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 under SOR/2024-114.

Places in the smallest population band are grouped here as small communities, and the pages carry the same census fields and the same provincial rules as the largest city.

For Carmichael No. 109, the two census fields above are the only local statistics used anywhere on the page.

At 462 residents in the 2021 Census, Carmichael No. 109 is listed alongside the other covered places in Saskatchewan.

Nothing on the Carmichael No. 109 page is estimated; the population and land area come from Statistics Canada's 2021 Census of Population.

Carmichael No. 109 is one of 733 covered Saskatchewan places, counted at 462 residents with a land area of 839.5 square kilometres.

Carmichael No. 109 ranks 326 by 2021 Census population among the covered places in Saskatchewan.

Carmichael No. 109 sits at rank 326 within Saskatchewan in this data set, and the provincial rules apply as they do elsewhere.

Readers comparing Carmichael No. 109 with another community can use the same four census fields.

The Carmichael No. 109 page follows the same structure as every other place page, with population, land area, density and rank.

The density figure for Carmichael No. 109, 0.6 people per square kilometre, is calculated from the population and land area above.

Carmichael No. 109 appears in the census record with 462 residents, and the density of 0.6 people per square kilometre follows from it.

The land area recorded for Carmichael No. 109 is 839.5 square kilometres, and the population is 462 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.

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 same structure is used for every place covered, so two communities can be compared field by field: population, land area, density, rank, and the provincial rules.