Borrowing in Bay Bulls, Newfoundland and Labrador

With 1,566 residents counted in the 2021 Census, Bay Bulls sits inside Newfoundland and Labrador's provincial lending framework.

The census figures for Bay Bulls

The 2021 Census counted 1,566 residents in Bay Bulls. The census records a land area of 30.6 square kilometres for Bay Bulls.

Dividing population by land area gives 51.2 residents per square kilometre, rounded to one decimal place.

Among covered Newfoundland and Labrador places, Bay Bulls sits at rank 55 by population.

Within Newfoundland and Labrador, Bay Bulls is place number 55 by population in this census set, at 1,566 residents.

The Newfoundland and Labrador rules that apply

Consumer credit in Newfoundland and Labrador is licensed by the provincial or territorial regulator, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators.

In Newfoundland and Labrador, 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

Joint applications combine two incomes and two sets of obligations in the same assessment.

Adding a co-signer puts a second file in front of the lender and adds a second person to the obligation. A shorter term raises each payment and lowers the total interest, which is the trade every schedule makes.

Products compared here

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

• Debt consolidation loans: Replacing several expensive debts with one payment, and the arithmetic that decides whether it helps.
• Personal loans: A fixed sum repaid on a schedule, usually unsecured, for almost any purpose a lender will accept.

Bay Bulls ranks 55 by 2021 Census population among the covered places in Newfoundland and Labrador.

Bay Bulls is one of 322 covered Newfoundland and Labrador places, counted at 1,566 residents with a land area of 30.6 square kilometres.

Bay Bulls appears in the census record with 1,566 residents, and the density of 51.2 people per square kilometre follows from it.

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

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

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

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

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

The density figure for Bay Bulls, 51.2 people per square kilometre, is calculated from the population and land area above.

At 1,566 residents in the 2021 Census, Bay Bulls is listed alongside the other covered places in Newfoundland and Labrador.

The land area recorded for Bay Bulls is 30.6 square kilometres, and the population is 1,566 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.

The 2021 Census of Population published by Statistics Canada is the source for population and land area; the federal Payday Lending Regulations (SOR/2024-114) are the source for payday rules.

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.