Borrowing in Dumfries, New Brunswick

A loan taken out in Dumfries is governed by New Brunswick's licensing rules, and the 2021 Census counted 420 people in the community.

How borrowing works locally

Payment history is reported to credit agencies, and that record is what builds or damages a credit file over time.

A lender's assessment looks at income, existing obligations, the credit file, and the asset pledged where there is one. Disclosure requirements mean the cost of borrowing must be stated before an agreement is signed.

Products compared here

The product pages behind this city cover the following borrowing categories, among the 20 products compared nationally.

• 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.

The census figures for Dumfries

Statistics Canada's 2021 Census gives Dumfries a population of 420. The community covers 298.5 square kilometres of land.

Population divided by land area produces a density of 1.4 people per square kilometre.

Its provincial population rank is 222 within this data set.

Dumfries therefore appears at rank 222 of 256 covered New Brunswick places, with a density of 1.4 people per square kilometre.

The New Brunswick rules that apply

Provincial or territorial law decides who may lend in New Brunswick, and the Financial Consumer Agency of Canada publishes the list that names the regulator responsible.

Payday lending is licensed in New Brunswick; the federal Payday Lending Regulations (SOR/2024-114) publish a cap of $14 per $100 advanced, and notes that a province may set a lower figure.

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

At 420 residents in the 2021 Census, Dumfries is listed alongside the other covered places in New Brunswick.

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

Dumfries sits at rank 222 within New Brunswick in this data set, and the provincial rules apply as they do elsewhere.

Dumfries appears in the census record with 420 residents, and the density of 1.4 people per square kilometre follows from it.

The density figure for Dumfries, 1.4 people per square kilometre, is calculated from the population and land area above.

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

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

Dumfries ranks 222 by 2021 Census population among the covered places in New Brunswick.

The land area recorded for Dumfries is 298.5 square kilometres, and the population is 420 residents in the 2021 Census.

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

The Dumfries 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.

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 New Brunswick; a municipal boundary does not change them.