Borrowing in Bath, New Brunswick

Bath, New Brunswick, recorded a population of 440 in the 2021 Census; the rules that govern a loan signed there are provincial.

The New Brunswick rules that apply

Consumer credit in New Brunswick is licensed by the provincial or territorial regulator, and the Financial Consumer Agency of Canada publishes the 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.

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

How borrowing works locally

A credit file is compiled by private agencies from information lenders and other creditors report.

Adding a co-signer puts a second file in front of the lender and adds a second person to the obligation. A longer amortisation lowers each payment and raises the total interest paid over the life of the loan.

The census figures for Bath

Population for Bath stands at 440 in the 2021 Census. The community covers 2.0 square kilometres of land.

The arithmetic gives 220.0 people per square kilometre.

The 2021 Census population places it at rank 219 in the province.

Within New Brunswick, Bath is place number 219 by population in this census set, at 440 residents.

Products compared here

Each product below has its own page, and the New Brunswick position applies to all of them.

• Instalment loans: A fixed number of fixed payments, sized larger and longer than a payday advance.
• Secured loans: Borrowing against an asset, which lowers the price but puts the asset at risk if you default.

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

At 440 residents in the 2021 Census, Bath is listed alongside the other covered places in New Brunswick.

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

The density figure for Bath, 220.0 people per square kilometre, is calculated from the population and land area above.

The land area recorded for Bath is 2.0 square kilometres, and the population is 440 residents in the 2021 Census.

Bath is one of 256 covered New Brunswick places, counted at 440 residents with a land area of 2.0 square kilometres.

Bath appears in the census record with 440 residents, and the density of 220.0 people per square kilometre follows from it.

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

Bath sits at rank 219 within New Brunswick in this data set, and the provincial rules apply as they do elsewhere.

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

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

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).

Compare the disclosure on any agreement against the provincial ceiling, and treat the census figures as the only local statistics on the page.