Borrowing in Faro, Yukon

Faro is one of the Yukon places covered here, with 440 residents recorded in the 2021 Census and the same provincial rulebook as the rest of the province.

How borrowing works locally

A lender is free to set its own price below the legal ceiling, and it does so according to the risk it reads in the file.

A consumer proposal or a bankruptcy is administered by a licensed insolvency trustee rather than by a lender. A revolving product charges interest on the outstanding balance, while an instalment product charges a fixed schedule of payments.

Products compared here

The site describes 20 products in total; the two below are representative of the range.

• 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.

The census figures for Faro

In the 2021 Census, Faro had 440 residents. The community covers 199.9 square kilometres of land.

That gives a density of 2.2 people per square kilometre, rounded to one decimal place.

Among covered Yukon places, Faro sits at rank 11 by population.

Faro therefore appears at rank 11 of 20 covered Yukon places, with a density of 2.2 people per square kilometre.

The Yukon rules that apply

The regulator for consumer credit in Yukon is the body listed by the federal Payday Lending Regulations (SOR/2024-114) provincial and territorial regulators.

No territorial payday cap is published for Yukon; the federal Payday Lending Regulations (SOR/2024-114) confirm that the territories have no specific payday lending rules, and the limit should be confirmed with the regulator.

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

The land area recorded for Faro is 199.9 square kilometres, and the population is 440 residents in the 2021 Census.

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

The density figure for Faro, 2.2 people per square kilometre, is calculated from the population and land area above.

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

Faro sits at rank 11 within Yukon in this data set, and the provincial rules apply as they do elsewhere.

Faro ranks 11 by 2021 Census population among the covered places in Yukon.

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

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

Faro is one of 20 covered Yukon places, counted at 440 residents with a land area of 199.9 square kilometres.

Faro appears in the census record with 440 residents, and the density of 2.2 people per square kilometre follows from it.

At 440 residents in the 2021 Census, Faro is listed alongside the other covered places in Yukon.

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

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 Yukon; a municipal boundary does not change them.