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

With 1,211 residents counted in the 2021 Census, Division No. 1, Subd. Y sits inside Newfoundland and Labrador's provincial lending framework.

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, cap the cost of borrowing at $14 per $100 advanced in Newfoundland and Labrador, which the federal Payday Lending Regulations (SOR/2024-114) list as a province that regulates the product.

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 Division No. 1, Subd. Y

In the 2021 Census, Division No. 1, Subd. Y had 1,211 residents. Land area for Division No. 1, Subd. Y is 190.8 square kilometres in the same census.

The arithmetic gives 6.3 people per square kilometre.

Among covered Newfoundland and Labrador places, Division No. 1, Subd. Y sits at rank 68 by population.

Within Newfoundland and Labrador, Division No. 1, Subd. Y is place number 68 by population in this census set, at 1,211 residents.

Products compared here

Two of the 20 covered products appear below, each with the purpose the product is designed for.

• Debt consolidation loans: Replacing several expensive debts with one payment, and the arithmetic that decides whether it helps.
• Personal loans: A fixed sum repaid on a schedule, usually unsecured, for almost any purpose a lender will accept.

How borrowing works locally

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

A secured product gives the lender a claim on a named asset, which is why its price is usually lower than an unsecured equivalent. A prepayment privilege allows a borrower to pay more than the scheduled amount, sometimes with a charge attached.

The land area recorded for Division No. 1, Subd. Y is 190.8 square kilometres, and the population is 1,211 residents in the 2021 Census.

Division No. 1, Subd. Y ranks 68 by 2021 Census population among the covered places in Newfoundland and Labrador.

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

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

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

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

Division No. 1, Subd. Y is one of 322 covered Newfoundland and Labrador places, counted at 1,211 residents with a land area of 190.8 square kilometres.

At 1,211 residents in the 2021 Census, Division No. 1, Subd. Y is listed alongside the other covered places in Newfoundland and Labrador.

The density figure for Division No. 1, Subd. Y, 6.3 people per square kilometre, is calculated from the population and land area above.

Division No. 1, Subd. Y appears in the census record with 1,211 residents, and the density of 6.3 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.

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).

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