Borrowing in Craik, Saskatchewan

With 405 residents counted in the 2021 Census, Craik sits inside Saskatchewan's provincial lending framework.

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.

The federal Payday Lending Regulations (SOR/2024-114) list Saskatchewan 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.

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

How borrowing works locally

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

Adding a co-signer puts a second file in front of the lender and adds a second person to the obligation. A payday advance is repaid on a pay date, while an instalment loan is repaid over a set number of payments.

The census figures for Craik

405 people were counted in Craik in the 2021 Census. Its land area is 3.1 square kilometres.

Dividing population by land area gives 131.5 residents per square kilometre, rounded to one decimal place.

The 2021 Census population places it at rank 365 in the province.

Craik is one of 733 places listed for Saskatchewan, ranked 365 by population and measured at 3.1 square kilometres.

Products compared here

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

• Payday loans: Small, short-term advances against a pay date, the most tightly regulated product in Canadian consumer credit.
• No credit check loans: What lenders who advertise without a credit check actually look at instead, and where the cost goes.

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

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

Craik sits at rank 365 within Saskatchewan in this data set, and the provincial rules apply as they do elsewhere.

The density figure for Craik, 131.5 people per square kilometre, is calculated from the population and land area above.

Craik appears in the census record with 405 residents, and the density of 131.5 people per square kilometre follows from it.

Craik ranks 365 by 2021 Census population among the covered places in Saskatchewan.

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

Craik is one of 733 covered Saskatchewan places, counted at 405 residents with a land area of 3.1 square kilometres.

At 405 residents in the 2021 Census, Craik is listed alongside the other covered places in Saskatchewan.

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

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

loanmoose.ca is not a lender and does not make credit decisions. The lowest rates are only available to the most qualified applicants.

Population and land area figures come from Statistics Canada's 2021 Census of Population; regulatory statements are attributed to the federal Payday Lending Regulations (SOR/2024-114).

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.