Borrowing in Avondale, Newfoundland and Labrador

This page covers borrowing in Avondale, Newfoundland and Labrador: the census facts, the provincial rules, and the products people compare.

Products compared here

Two of the 20 covered products appear below, each with the purpose the product is designed for.

• 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.

How borrowing works locally

A shorter term raises each payment and lowers the total interest, which is the trade every schedule makes.

A prepayment privilege allows a borrower to pay more than the scheduled amount, sometimes with a charge attached. Interest on a line of credit accrues only on the drawn portion, not on the unused limit.

The Newfoundland and Labrador rules that apply

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

A payday advance in Newfoundland and Labrador falls under a provincial licensing regime, and the cost of borrowing is capped at $14 per $100 advanced according to the federal Payday Lending Regulations (SOR/2024-114).

Small places are covered the same way as large ones: census figures for the place, and the provincial position on lending.

The census figures for Avondale

In the 2021 Census, Avondale had 584 residents. Land area for Avondale is 29.7 square kilometres in the same census.

Dividing population by land area gives 19.7 residents per square kilometre, rounded to one decimal place.

The community is the 130th largest place in the province within this census set.

Avondale therefore appears at rank 130 of 322 covered Newfoundland and Labrador places, with a density of 19.7 people per square kilometre.

At 584 residents in the 2021 Census, Avondale is listed alongside the other covered places in Newfoundland and Labrador.

Avondale appears in the census record with 584 residents, and the density of 19.7 people per square kilometre follows from it.

Avondale ranks 130 by 2021 Census population among the covered places in Newfoundland and Labrador.

Avondale sits at rank 130 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

Avondale is one of 322 covered Newfoundland and Labrador places, counted at 584 residents with a land area of 29.7 square kilometres.

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

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

The land area recorded for Avondale is 29.7 square kilometres, and the population is 584 residents in the 2021 Census.

The density figure for Avondale, 19.7 people per square kilometre, is calculated from the population and land area above.

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

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

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

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.

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.