Borrowing in Montreal Lake 106B, Saskatchewan

With 423 residents counted in the 2021 Census, Montreal Lake 106B sits inside Saskatchewan's provincial lending framework.

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.

At the small end of the census range, the community still borrows inside the province's licensing system.

How borrowing works locally

A revolving product charges interest on the outstanding balance, while an instalment product charges a fixed schedule of payments.

Adding a co-signer puts a second file in front of the lender and adds a second person to the obligation. A consumer proposal or a bankruptcy is administered by a licensed insolvency trustee rather than by a lender.

The census figures for Montreal Lake 106B

Montreal Lake 106B recorded a population of 423 in Statistics Canada's 2021 Census of Population. Its land area is 23.4 square kilometres.

The arithmetic gives 18.0 people per square kilometre.

The community is the 347th largest place in the province within this census set.

Compared with the other 733 covered Saskatchewan places, Montreal Lake 106B ranks 347 by population.

Products compared here

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

• Unsecured loans: Borrowing with no asset pledged, priced for the risk the lender is taking on your file alone.
• Business loans: Commercial borrowing, what lenders read in a business file, and how the assessment differs from personal credit.

Readers comparing Montreal Lake 106B with another community can use the same four census fields.

For Montreal Lake 106B, the two census fields above are the only local statistics used anywhere on the page.

Montreal Lake 106B appears in the census record with 423 residents, and the density of 18.0 people per square kilometre follows from it.

The density figure for Montreal Lake 106B, 18.0 people per square kilometre, is calculated from the population and land area above.

Where a figure for Montreal Lake 106B could not be verified, the page names the publisher instead of printing a number.

The land area recorded for Montreal Lake 106B is 23.4 square kilometres, and the population is 423 residents in the 2021 Census.

Nothing on the Montreal Lake 106B page is estimated; the population and land area come from Statistics Canada's 2021 Census of Population.

Montreal Lake 106B sits at rank 347 within Saskatchewan in this data set, and the provincial rules apply as they do elsewhere.

At 423 residents in the 2021 Census, Montreal Lake 106B is listed alongside the other covered places in Saskatchewan.

Montreal Lake 106B is one of 733 covered Saskatchewan places, counted at 423 residents with a land area of 23.4 square kilometres.

The Montreal Lake 106B page follows the same structure as every other place page, with population, land area, density and rank.

Montreal Lake 106B ranks 347 by 2021 Census population among the covered places in Saskatchewan.

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

Census figures are from Statistics Canada's 2021 Census of Population, and the payday position is taken from 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.