Borrowing in Morin Lake 217, Saskatchewan

A loan taken out in Morin Lake 217 is governed by Saskatchewan's licensing rules, and the 2021 Census counted 575 people in the community.

The census figures for Morin Lake 217

In the 2021 Census, Morin Lake 217 had 575 residents. Land area for Morin Lake 217 is 98.0 square kilometres in the same census.

The arithmetic gives 5.9 people per square kilometre.

The community is the 258th largest place in the province within this census set.

Morin Lake 217 is one of 733 places listed for Saskatchewan, ranked 258 by population and measured at 98.0 square kilometres.

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) 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.

How borrowing works locally

A payday advance is repaid on a pay date, while an instalment loan is repaid over a set number of payments.

A provincial regulator publishes licensing requirements, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators. Debt management plans are administered by accredited credit counsellors, and they are not loans.

Products compared here

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

• 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 Morin Lake 217 with another community can use the same four census fields.

The density figure for Morin Lake 217, 5.9 people per square kilometre, is calculated from the population and land area above.

Where a figure for Morin Lake 217 could not be verified, the page names the publisher instead of printing a number.

Morin Lake 217 sits at rank 258 within Saskatchewan in this data set, and the provincial rules apply as they do elsewhere.

The land area recorded for Morin Lake 217 is 98.0 square kilometres, and the population is 575 residents in the 2021 Census.

The Morin Lake 217 page follows the same structure as every other place page, with population, land area, density and rank.

At 575 residents in the 2021 Census, Morin Lake 217 is listed alongside the other covered places in Saskatchewan.

For Morin Lake 217, the two census fields above are the only local statistics used anywhere on the page.

Morin Lake 217 is one of 733 covered Saskatchewan places, counted at 575 residents with a land area of 98.0 square kilometres.

Morin Lake 217 appears in the census record with 575 residents, and the density of 5.9 people per square kilometre follows from it.

Nothing on the Morin Lake 217 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.

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).

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