Borrowing in Andover, New Brunswick

Andover, New Brunswick, recorded a population of 879 in the 2021 Census; the rules that govern a loan signed there are provincial.

The census figures for Andover

In the 2021 Census, Andover had 879 residents. Its land area is 123.4 square kilometres.

That gives a density of 7.1 people per square kilometre, rounded to one decimal place.

Andover ranks 170 by population among the New Brunswick places on this site.

Andover therefore appears at rank 170 of 256 covered New Brunswick places, with a density of 7.1 people per square kilometre.

Products compared here

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

• Payday loans: Small, short-term advances against a pay date, the most tightly regulated product in Canadian consumer credit.
• No credit check loans: What lenders who advertise without a credit check actually look at instead, and where the cost goes.

The New Brunswick rules that apply

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

In New Brunswick, 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 advanced under SOR/2024-114.

This is a small community by population, inside the lowest band used on this site, and the provincial framework applies without variation.

How borrowing works locally

A secured product gives the lender a claim on a named asset, which is why its price is usually lower than an unsecured equivalent.

A consumer proposal or a bankruptcy is administered by a licensed insolvency trustee rather than by a lender. Payment history is reported to credit agencies, and that record is what builds or damages a credit file over time.

Andover appears in the census record with 879 residents, and the density of 7.1 people per square kilometre follows from it.

Andover is one of 256 covered New Brunswick places, counted at 879 residents with a land area of 123.4 square kilometres.

The land area recorded for Andover is 123.4 square kilometres, and the population is 879 residents in the 2021 Census.

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

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

The density figure for Andover, 7.1 people per square kilometre, is calculated from the population and land area above.

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

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

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

Andover ranks 170 by 2021 Census population among the covered places in New Brunswick.

Andover sits at rank 170 within New Brunswick in this data set, and the provincial rules apply as they do elsewhere.

At 879 residents in the 2021 Census, Andover is listed alongside the other covered places in New Brunswick.

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

Statistics Canada's 2021 Census of Population supplies the population and land-area figures, and the federal Payday Lending Regulations (SOR/2024-114) supply the payday position.

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