Borrowing in Bishop's Cove, Newfoundland and Labrador

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

The Newfoundland and Labrador rules that apply

Provincial or territorial law decides who may lend in Newfoundland and Labrador, and the Financial Consumer Agency of Canada publishes the list that names the regulator responsible.

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

This is a small community by population, inside the lowest band used on this site, and the provincial framework applies without variation.

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.

A broker arranges credit but does not lend, and the lender remains the party that makes the decision. Provincial licensing decides who may lend, and federal rules add a ceiling where a licensed payday regime exists.

The census figures for Bishop's Cove

Bishop's Cove recorded a population of 252 in Statistics Canada's 2021 Census of Population. The census records a land area of 1.9 square kilometres for Bishop's Cove.

The arithmetic gives 132.6 people per square kilometre.

Bishop's Cove ranks 240 by population among the Newfoundland and Labrador places on this site.

The place record for Bishop's Cove covers 1.9 square kilometres and 252 residents, a density of 132.6 people per square kilometre.

Products compared here

These are two of the 20 products described on the site, and each has a national page as well as the provincial rules.

• Car loans: Financing a vehicle, including the effect of trade-in equity, negative equity and dealer-arranged credit.
• Debt consolidation loans: Replacing several expensive debts with one payment, and the arithmetic that decides whether it helps.

Bishop's Cove is one of 322 covered Newfoundland and Labrador places, counted at 252 residents with a land area of 1.9 square kilometres.

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

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

Bishop's Cove appears in the census record with 252 residents, and the density of 132.6 people per square kilometre follows from it.

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

The density figure for Bishop's Cove, 132.6 people per square kilometre, is calculated from the population and land area above.

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

Bishop's Cove sits at rank 240 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

Bishop's Cove ranks 240 by 2021 Census population among the covered places in Newfoundland and Labrador.

At 252 residents in the 2021 Census, Bishop's Cove is listed alongside the other covered places in Newfoundland and Labrador.

The land area recorded for Bishop's Cove is 1.9 square kilometres, and the population is 252 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.

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