Borrowing in Bay Roberts, Newfoundland and Labrador

Bay Roberts is one of the Newfoundland and Labrador places covered here, with 5,974 residents recorded in the 2021 Census and the same provincial rulebook as the rest of the province.

How borrowing works locally

A lender is free to set its own price below the legal ceiling, and it does so according to the risk it reads in the file.

Payment history is reported to credit agencies, and that record is what builds or damages a credit file over time. Provincial licensing decides who may lend, and federal rules add a ceiling where a licensed payday regime exists.

Products compared here

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

• No credit check loans: What lenders who advertise without a credit check actually look at instead, and where the cost goes.
• Mortgage refinancing: Replacing an existing mortgage to change the rate, the term or the amount borrowed, and what it costs.

The census figures for Bay Roberts

Statistics Canada's 2021 Census gives Bay Roberts a population of 5,974. Land area for Bay Roberts is 24.5 square kilometres in the same census.

Dividing population by land area gives 243.7 residents per square kilometre, rounded to one decimal place.

The community is the 14th largest place in the province within this census set.

Bay Roberts therefore appears at rank 14 of 322 covered Newfoundland and Labrador places, with a density of 243.7 people per square kilometre.

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.

The federal payday lending regulations, SOR/2024-114, cap the cost of borrowing at $14 per $100 advanced in Newfoundland and Labrador, which the federal Payday Lending Regulations (SOR/2024-114) list as a province that regulates the product.

This community sits in the lower-middle population band, which changes the census figures rather than the rules.

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

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

The land area recorded for Bay Roberts is 24.5 square kilometres, and the population is 5,974 residents in the 2021 Census.

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

Bay Roberts sits at rank 14 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

At 5,974 residents in the 2021 Census, Bay Roberts is listed alongside the other covered places in Newfoundland and Labrador.

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

Bay Roberts is one of 322 covered Newfoundland and Labrador places, counted at 5,974 residents with a land area of 24.5 square kilometres.

The density figure for Bay Roberts, 243.7 people per square kilometre, is calculated from the population and land area above.

Where a figure for Bay Roberts 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.

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.

Lending rules change, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators where the current position is confirmed.