Borrowing in Division No. 1, Subd. X, Newfoundland and Labrador

Division No. 1, Subd. X, Newfoundland and Labrador, recorded a population of 541 in the 2021 Census; the rules that govern a loan signed there are provincial.

The Newfoundland and Labrador rules that apply

Licensing for consumer credit in Newfoundland and Labrador sits with the province or territory, and the Financial Consumer Agency of Canada maintains the public 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.

At the small end of the census range, the community still borrows inside the province's licensing system.

The census figures for Division No. 1, Subd. X

541 people were counted in Division No. 1, Subd. X in the 2021 Census. Land area for Division No. 1, Subd. X is 567.6 square kilometres in the same census.

Population divided by land area produces a density of 1.0 people per square kilometre.

By population it ranks 146 among the Newfoundland and Labrador places covered here.

Within Newfoundland and Labrador, Division No. 1, Subd. X is place number 146 by population in this census set, at 541 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.

How borrowing works locally

A longer amortisation lowers each payment and raises the total interest paid over the life of the loan.

A revolving product charges interest on the outstanding balance, while an instalment product charges a fixed schedule of payments. A shorter term raises each payment and lowers the total interest, which is the trade every schedule makes.

At 541 residents in the 2021 Census, Division No. 1, Subd. X is listed alongside the other covered places in Newfoundland and Labrador.

Nothing on the Division No. 1, Subd. X page is estimated; the population and land area come from Statistics Canada's 2021 Census of Population.

For Division No. 1, Subd. X, the two census fields above are the only local statistics used anywhere on the page.

The density figure for Division No. 1, Subd. X, 1.0 people per square kilometre, is calculated from the population and land area above.

The land area recorded for Division No. 1, Subd. X is 567.6 square kilometres, and the population is 541 residents in the 2021 Census.

Where a figure for Division No. 1, Subd. X could not be verified, the page names the publisher instead of printing a number.

The Division No. 1, Subd. X page follows the same structure as every other place page, with population, land area, density and rank.

Division No. 1, Subd. X sits at rank 146 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

Division No. 1, Subd. X is one of 322 covered Newfoundland and Labrador places, counted at 541 residents with a land area of 567.6 square kilometres.

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 same structure is used for every place covered, so two communities can be compared field by field: population, land area, density, rank, and the provincial rules.