Borrowing in Midale, Saskatchewan

A loan taken out in Midale is governed by Saskatchewan's licensing rules, and the 2021 Census counted 510 people in the community.

The census figures for Midale

Population for Midale stands at 510 in the 2021 Census. Land area for Midale is 1.6 square kilometres in the same census.

That gives a density of 314.8 people per square kilometre, rounded to one decimal place.

Its provincial population rank is 293 within this data set.

Compared with the other 733 covered Saskatchewan places, Midale ranks 293 by population.

The Saskatchewan rules that apply

The regulator for consumer credit in Saskatchewan is the body listed by the federal Payday Lending Regulations (SOR/2024-114) 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.

The lowest band groups villages, rural municipalities and small towns, all read against the same provincial rulebook.

How borrowing works locally

Provincial licensing decides who may lend, and federal rules add a ceiling where a licensed payday regime exists.

A secured product gives the lender a claim on a named asset, which is why its price is usually lower than an unsecured equivalent. A broker arranges credit but does not lend, and the lender remains the party that makes the decision.

Products compared here

Among the 20 products compared here, these two are commonly used for the purposes described.

• Mortgage loans: Borrowing against residential property, including how a federally regulated lender tests the file.
• Debt relief programs: The formal and informal routes out of unmanageable debt in Canada, and who is licensed to run them.

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

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

The land area recorded for Midale is 1.6 square kilometres, and the population is 510 residents in the 2021 Census.

Midale ranks 293 by 2021 Census population among the covered places in Saskatchewan.

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

Midale is one of 733 covered Saskatchewan places, counted at 510 residents with a land area of 1.6 square kilometres.

Midale sits at rank 293 within Saskatchewan in this data set, and the provincial rules apply as they do elsewhere.

Midale appears in the census record with 510 residents, and the density of 314.8 people per square kilometre follows from it.

At 510 residents in the 2021 Census, Midale is listed alongside the other covered places in Saskatchewan.

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

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

The density figure for Midale, 314.8 people per square kilometre, is calculated from the population and land area above.

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 provincial rules apply wherever a borrower is in Saskatchewan; a municipal boundary does not change them.