Borrowing in Lamèque, New Brunswick

Lamèque, New Brunswick, recorded a population of 1,301 in the 2021 Census; the rules that govern a loan signed there are provincial.

The New Brunswick rules that apply

Licensing for consumer credit in New Brunswick sits with the province or territory, and the Financial Consumer Agency of Canada maintains the public list of provincial and territorial regulators.

The federal Payday Lending Regulations (SOR/2024-114) count New Brunswick among the provinces with payday lending rules, where the published maximum cost of borrowing is $14 per $100 advanced under SOR/2024-114.

Communities of this size are listed here with population, land area and density, and the lending rules remain provincial.

How borrowing works locally

Provincial licensing decides who may lend, and federal rules add a ceiling where a licensed payday regime exists.

A broker arranges credit but does not lend, and the lender remains the party that makes the decision. Payment history is reported to credit agencies, and that record is what builds or damages a credit file over time.

The census figures for Lamèque

Statistics Canada's 2021 Census gives Lamèque a population of 1,301. The census records a land area of 12.4 square kilometres for Lamèque.

The calculated density is 104.9 people per square kilometre.

The 2021 Census population places it at rank 123 in the province.

Lamèque therefore appears at rank 123 of 256 covered New Brunswick places, with a density of 104.9 people per square kilometre.

Products compared here

Among the 20 products compared here, these two are commonly used for the purposes described.

• 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 density figure for Lamèque, 104.9 people per square kilometre, is calculated from the population and land area above.

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

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

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

At 1,301 residents in the 2021 Census, Lamèque is listed alongside the other covered places in New Brunswick.

Lamèque ranks 123 by 2021 Census population among the covered places in New Brunswick.

Lamèque appears in the census record with 1,301 residents, and the density of 104.9 people per square kilometre follows from it.

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

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

Lamèque is one of 256 covered New Brunswick places, counted at 1,301 residents with a land area of 12.4 square kilometres.

Lamèque sits at rank 123 within New Brunswick in this data set, and the provincial rules apply as they do elsewhere.

The land area recorded for Lamèque is 12.4 square kilometres, and the population is 1,301 residents in the 2021 Census.

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 same structure is used for every place covered, so two communities can be compared field by field: population, land area, density, rank, and the provincial rules.