Borrowing in Bishop's Falls, Newfoundland and Labrador

A loan taken out in Bishop's Falls is governed by Newfoundland and Labrador's licensing rules, and the 2021 Census counted 3,082 people in the community.

The census figures for Bishop's Falls

3,082 people were counted in Bishop's Falls in the 2021 Census. The census records a land area of 26.4 square kilometres for Bishop's Falls.

Population divided by land area produces a density of 116.8 people per square kilometre.

Its provincial population rank is 23 within this data set.

Compared with the other 322 covered Newfoundland and Labrador places, Bishop's Falls ranks 23 by population.

Products compared here

The site describes 20 products in total; the two below are representative of the range.

• Lines of credit: A revolving limit you draw on and repay, usually paying interest only on what is outstanding.
• Home renovation loans: Paying for work on a property, from a small unsecured instalment loan to a secured renovation product.

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

Disclosure requirements mean the cost of borrowing must be stated before an agreement is signed.

A broker arranges credit but does not lend, and the lender remains the party that makes the decision. A credit file is compiled by private agencies from information lenders and other creditors report.

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

Bishop's Falls appears in the census record with 3,082 residents, and the density of 116.8 people per square kilometre follows from it.

The density figure for Bishop's Falls, 116.8 people per square kilometre, is calculated from the population and land area above.

Readers comparing Bishop's Falls with another community can use the same four census fields.

Bishop's Falls sits at rank 23 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

The land area recorded for Bishop's Falls is 26.4 square kilometres, and the population is 3,082 residents in the 2021 Census.

Bishop's Falls ranks 23 by 2021 Census population among the covered places in Newfoundland and Labrador.

At 3,082 residents in the 2021 Census, Bishop's Falls is listed alongside the other covered places in Newfoundland and Labrador.

Bishop's Falls is one of 322 covered Newfoundland and Labrador places, counted at 3,082 residents with a land area of 26.4 square kilometres.

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

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

Where a figure for Bishop's Falls 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.

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.

Compare the disclosure on any agreement against the provincial ceiling, and treat the census figures as the only local statistics on the page.