Borrowing in Drake, Saskatchewan

Drake is one of the Saskatchewan places covered here, with 197 residents recorded in the 2021 Census and the same provincial rulebook as the rest of the province.

How borrowing works locally

Payment history is reported to credit agencies, and that record is what builds or damages a credit file over time.

Joint applications combine two incomes and two sets of obligations in the same assessment. Variable-rate products move with a reference rate, while fixed-rate products set the price for a defined term.

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.

The census figures for Drake

Drake recorded a population of 197 in Statistics Canada's 2021 Census of Population. Land area for Drake is 0.6 square kilometres in the same census.

The calculated density is 307.8 people per square kilometre.

Among covered Saskatchewan places, Drake sits at rank 602 by population.

The place record for Drake covers 0.6 square kilometres and 197 residents, a density of 307.8 people per square kilometre.

The Saskatchewan rules that apply

Consumer lending in Saskatchewan 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.

The federal Payday Lending Regulations (SOR/2024-114) count Saskatchewan among the provinces with payday lending rules, where the published maximum cost of borrowing is $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 under SOR/2024-114.

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

Drake is one of 733 covered Saskatchewan places, counted at 197 residents with a land area of 0.6 square kilometres.

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

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

Drake sits at rank 602 within Saskatchewan in this data set, and the provincial rules apply as they do elsewhere.

The land area recorded for Drake is 0.6 square kilometres, and the population is 197 residents in the 2021 Census.

The density figure for Drake, 307.8 people per square kilometre, is calculated from the population and land area above.

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

Drake appears in the census record with 197 residents, and the density of 307.8 people per square kilometre follows from it.

At 197 residents in the 2021 Census, Drake is listed alongside the other covered places in Saskatchewan.

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

Drake ranks 602 by 2021 Census population among the covered places in Saskatchewan.

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

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

The 2021 Census of Population published by Statistics Canada is the source for population and land area; the federal Payday Lending Regulations (SOR/2024-114) are the source for payday rules.

Lending rules change, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators where the current position is confirmed.