Borrowing in Bonavista, Newfoundland and Labrador

Bonavista, Newfoundland and Labrador, recorded a population of 3,190 in the 2021 Census; the rules that govern a loan signed there are provincial.

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.

• Home renovation loans: Paying for work on a property, from a small unsecured instalment loan to a secured renovation product.
• Emergency loans: Money for an urgent expense, and the order in which a sensible borrower works through the options.

How borrowing works locally

A credit file is compiled by private agencies from information lenders and other creditors report.

Disclosure requirements mean the cost of borrowing must be stated before an agreement is signed. A mortgage is registered against the property, which is what gives the lender its claim.

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.

Small places are covered the same way as large ones: census figures for the place, and the provincial position on lending.

The census figures for Bonavista

In the 2021 Census, Bonavista had 3,190 residents. 31.6 square kilometres of land are attributed to Bonavista.

Dividing population by land area gives 101.1 residents per square kilometre, rounded to one decimal place.

Among covered Newfoundland and Labrador places, Bonavista sits at rank 22 by population.

Bonavista therefore appears at rank 22 of 322 covered Newfoundland and Labrador places, with a density of 101.1 people per square kilometre.

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

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

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

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

The land area recorded for Bonavista is 31.6 square kilometres, and the population is 3,190 residents in the 2021 Census.

Bonavista ranks 22 by 2021 Census population among the covered places in Newfoundland and Labrador.

At 3,190 residents in the 2021 Census, Bonavista is listed alongside the other covered places in Newfoundland and Labrador.

The density figure for Bonavista, 101.1 people per square kilometre, is calculated from the population and land area above.

Bonavista is one of 322 covered Newfoundland and Labrador places, counted at 3,190 residents with a land area of 31.6 square kilometres.

Bonavista appears in the census record with 3,190 residents, and the density of 101.1 people per square kilometre follows from it.

Bonavista sits at rank 22 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.

Population and land area figures come from Statistics Canada's 2021 Census of Population; regulatory statements are attributed to the federal Payday Lending Regulations (SOR/2024-114).

Nothing here is an offer, and no page on this site can tell anyone what a lender will decide.