Borrowing in Bird Cove, Newfoundland and Labrador

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

The census figures for Bird Cove

Statistics Canada's 2021 Census gives Bird Cove a population of 175. Land area for Bird Cove is 7.7 square kilometres in the same census.

Dividing population by land area gives 22.8 residents per square kilometre, rounded to one decimal place.

The 2021 Census population places it at rank 282 in the province.

Bird Cove sits at rank 282 among the 322 Newfoundland and Labrador places here, with 175 residents in the 2021 Census.

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 Newfoundland and Labrador rules that apply

Licensing for consumer credit in Newfoundland and Labrador sits with the province or territory, and the Financial Consumer Agency of Canada maintains the public list of 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).

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

How borrowing works locally

Adding a co-signer puts a second file in front of the lender and adds a second person to the obligation.

A revolving product charges interest on the outstanding balance, while an instalment product charges a fixed schedule of payments. An application usually asks for identification, income evidence, banking details and a statement of obligations.

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

Bird Cove is one of 322 covered Newfoundland and Labrador places, counted at 175 residents with a land area of 7.7 square kilometres.

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

Bird Cove ranks 282 by 2021 Census population among the covered places in Newfoundland and Labrador.

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

Bird Cove appears in the census record with 175 residents, and the density of 22.8 people per square kilometre follows from it.

The density figure for Bird Cove, 22.8 people per square kilometre, is calculated from the population and land area above.

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

At 175 residents in the 2021 Census, Bird Cove is listed alongside the other covered places in Newfoundland and Labrador.

The land area recorded for Bird Cove is 7.7 square kilometres, and the population is 175 residents in the 2021 Census.

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

Bird Cove sits at rank 282 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

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.