Borrowing in Burgeo, Newfoundland and Labrador

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

The census figures for Burgeo

The 2021 Census counted 1,176 residents in Burgeo. The census records a land area of 29.5 square kilometres for Burgeo.

Dividing population by land area gives 39.9 residents per square kilometre, rounded to one decimal place.

By population it ranks 71 among the Newfoundland and Labrador places covered here.

Within Newfoundland and Labrador, Burgeo is place number 71 by population in this census set, at 1,176 residents.

Products compared here

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

• Mortgage loans: Borrowing against residential property, including how a federally regulated lender tests the file.
• Debt relief programs: The formal and informal routes out of unmanageable debt in Canada, and who is licensed to run them.

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.

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).

The lowest band groups villages, rural municipalities and small towns, all read against the same provincial rulebook.

How borrowing works locally

A mortgage is registered against the property, which is what gives the lender its claim.

Adding a co-signer puts a second file in front of the lender and adds a second person to the obligation. A credit file is compiled by private agencies from information lenders and other creditors report.

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

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

Burgeo sits at rank 71 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

Burgeo is one of 322 covered Newfoundland and Labrador places, counted at 1,176 residents with a land area of 29.5 square kilometres.

At 1,176 residents in the 2021 Census, Burgeo is listed alongside the other covered places in Newfoundland and Labrador.

The land area recorded for Burgeo is 29.5 square kilometres, and the population is 1,176 residents in the 2021 Census.

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

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

Burgeo ranks 71 by 2021 Census population among the covered places in Newfoundland and Labrador.

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

The density figure for Burgeo, 39.9 people per square kilometre, is calculated from the population and land area above.

Burgeo appears in the census record with 1,176 residents, and the density of 39.9 people per square kilometre follows from it.

loanmoose.ca is not a lender and does not make credit decisions. The lowest rates are only available to the most qualified applicants.

Census figures are from Statistics Canada's 2021 Census of Population, and the payday position is taken from the federal Payday Lending Regulations (SOR/2024-114).

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