Borrowing in Carbonear, Newfoundland and Labrador

With 4,696 residents counted in the 2021 Census, Carbonear sits inside Newfoundland and Labrador's provincial lending framework.

The census figures for Carbonear

Statistics Canada's 2021 Census gives Carbonear a population of 4,696. Its land area is 12.4 square kilometres.

On those two figures, density is 377.5 residents per square kilometre when rounded to one decimal place.

The 2021 Census population places it at rank 17 in the province.

Carbonear is one of 322 places listed for Newfoundland and Labrador, ranked 17 by population and measured at 12.4 square kilometres.

Products compared here

Each product below has its own page, and the Newfoundland and Labrador position applies to all of them.

• 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

The body that licenses consumer lending in Newfoundland and Labrador is the regulator named on the federal Payday Lending Regulations (SOR/2024-114)'s list of provincial and territorial regulators.

The federal Payday Lending Regulations (SOR/2024-114) list Newfoundland and Labrador among the provinces that regulate payday lending, where the federal Payday Lending Regulations (SOR/2024-114) cap the cost of borrowing at $14 per $100 advanced.

Communities of this size are listed here with population, land area and density, and the lending rules remain provincial.

How borrowing works locally

A payday advance is repaid on a pay date, while an instalment loan is repaid over a set number of payments.

Payment history is reported to credit agencies, and that record is what builds or damages a credit file over time. A revolving product charges interest on the outstanding balance, while an instalment product charges a fixed schedule of payments.

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

Carbonear appears in the census record with 4,696 residents, and the density of 377.5 people per square kilometre follows from it.

The land area recorded for Carbonear is 12.4 square kilometres, and the population is 4,696 residents in the 2021 Census.

At 4,696 residents in the 2021 Census, Carbonear is listed alongside the other covered places in Newfoundland and Labrador.

Carbonear is one of 322 covered Newfoundland and Labrador places, counted at 4,696 residents with a land area of 12.4 square kilometres.

Carbonear ranks 17 by 2021 Census population among the covered places in Newfoundland and Labrador.

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

Carbonear sits at rank 17 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

The density figure for Carbonear, 377.5 people per square kilometre, is calculated from the population and land area above.

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

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

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

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).

The provincial rules apply wherever a borrower is in Newfoundland and Labrador; a municipal boundary does not change them.