Borrowing in Wadena, Saskatchewan

Wadena is one of the Saskatchewan communities covered here, with a 2021 Census population of 1,269, and borrowing there is licensed under Saskatchewan's consumer credit rules.

The Saskatchewan rules that apply

The body that licenses consumer lending in Saskatchewan is the regulator named on the federal Payday Lending Regulations (SOR/2024-114)'s list of provincial and territorial regulators.

Payday lending is licensed in Saskatchewan; the federal Payday Lending Regulations (SOR/2024-114) publish a cap of $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, and notes that a province may set a lower figure.

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 prepayment privilege allows a borrower to pay more than the scheduled amount, sometimes with a charge attached.

A shorter term raises each payment and lowers the total interest, which is the trade every schedule makes. A longer amortisation lowers each payment and raises the total interest paid over the life of the loan.

The census figures for Wadena

The 2021 Census counted 1,269 residents in Wadena. The community covers 3.0 square kilometres of land.

That gives a density of 424.4 people per square kilometre, rounded to one decimal place.

Among covered Saskatchewan places, Wadena sits at rank 83 by population.

Within Saskatchewan, Wadena is place number 83 by population in this census set, at 1,269 residents.

Products compared here

These are two of the 20 products described on the site, and each has a national page as well as the provincial rules.

• Home equity loans: Converting property equity into credit, and the difference between a lump sum and a revolving limit.
• Payday loans: Small, short-term advances against a pay date, the most tightly regulated product in Canadian consumer credit.

Wadena ranks 83 by 2021 Census population among the covered places in Saskatchewan.

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

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

Wadena sits at rank 83 within Saskatchewan in this data set, and the provincial rules apply as they do elsewhere.

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

The land area recorded for Wadena is 3.0 square kilometres, and the population is 1,269 residents in the 2021 Census.

Wadena appears in the census record with 1,269 residents, and the density of 424.4 people per square kilometre follows from it.

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

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

Wadena is one of 733 covered Saskatchewan places, counted at 1,269 residents with a land area of 3.0 square kilometres.

The density figure for Wadena, 424.4 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.