Borrowing in Torquay, Saskatchewan

A loan taken out in Torquay is governed by Saskatchewan's licensing rules, and the 2021 Census counted 215 people in the community.

The census figures for Torquay

Statistics Canada's 2021 Census gives Torquay a population of 215. Statistics Canada lists 1.4 square kilometres of land for the community.

On those two figures, density is 159.3 residents per square kilometre when rounded to one decimal place.

By population it ranks 581 among the Saskatchewan places covered here.

Torquay is one of 733 places listed for Saskatchewan, ranked 581 by population and measured at 1.4 square kilometres.

The Saskatchewan rules that apply

Consumer credit in Saskatchewan is licensed by the provincial or territorial regulator, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators.

In Saskatchewan, payday lending operates under a licensed provincial regime, and the federal Payday Lending Regulations (SOR/2024-114) record a maximum cost of borrowing of $14 for each $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.

Places in the smallest population band are grouped here as small communities, and the pages carry the same census fields and the same provincial rules as the largest city.

How borrowing works locally

Interest on a line of credit accrues only on the drawn portion, not on the unused limit.

A lender may ask for proof of address, and a permanent address is a standard requirement for consumer credit. Adding a co-signer puts a second file in front of the lender and adds a second person to the obligation.

Products compared here

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

• Mortgage refinancing: Replacing an existing mortgage to change the rate, the term or the amount borrowed, and what it costs.
• Cash advance loans: Immediate short-term cash, including the difference between a cash advance on credit and a payday-style advance.

Torquay appears in the census record with 215 residents, and the density of 159.3 people per square kilometre follows from it.

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

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

Torquay is one of 733 covered Saskatchewan places, counted at 215 residents with a land area of 1.4 square kilometres.

Torquay sits at rank 581 within Saskatchewan in this data set, and the provincial rules apply as they do elsewhere.

The density figure for Torquay, 159.3 people per square kilometre, is calculated from the population and land area above.

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

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

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

The land area recorded for Torquay is 1.4 square kilometres, and the population is 215 residents in the 2021 Census.

Torquay ranks 581 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.