Borrowing in Division No. 8, Subd. A, Newfoundland and Labrador

With 386 residents counted in the 2021 Census, Division No. 8, Subd. A 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.

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

The census figures for Division No. 8, Subd. A

Division No. 8, Subd. A recorded a population of 386 in Statistics Canada's 2021 Census of Population. Land area for Division No. 8, Subd. A is 2270.2 square kilometres in the same census.

That gives a density of 0.2 people per square kilometre, rounded to one decimal place.

The 2021 Census population places it at rank 188 in the province.

Compared with the other 322 covered Newfoundland and Labrador places, Division No. 8, Subd. A ranks 188 by population.

Products compared here

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

• Car loans: Financing a vehicle, including the effect of trade-in equity, negative equity and dealer-arranged credit.
• Debt consolidation loans: Replacing several expensive debts with one payment, and the arithmetic that decides whether it helps.

How borrowing works locally

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

A provincial regulator publishes licensing requirements, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators. A consumer proposal or a bankruptcy is administered by a licensed insolvency trustee rather than by a lender.

The Division No. 8, Subd. A page follows the same structure as every other place page, with population, land area, density and rank.

Division No. 8, Subd. A sits at rank 188 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

For Division No. 8, Subd. A, the two census fields above are the only local statistics used anywhere on the page.

Division No. 8, Subd. A is one of 322 covered Newfoundland and Labrador places, counted at 386 residents with a land area of 2270.2 square kilometres.

Division No. 8, Subd. A ranks 188 by 2021 Census population among the covered places in Newfoundland and Labrador.

The density figure for Division No. 8, Subd. A, 0.2 people per square kilometre, is calculated from the population and land area above.

Readers comparing Division No. 8, Subd. A with another community can use the same four census fields.

Where a figure for Division No. 8, Subd. A could not be verified, the page names the publisher instead of printing a number.

Division No. 8, Subd. A appears in the census record with 386 residents, and the density of 0.2 people per square kilometre follows from it.

At 386 residents in the 2021 Census, Division No. 8, Subd. A is listed alongside the other covered places in Newfoundland and Labrador.

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

The 2021 Census of Population published by Statistics Canada is the source for population and land area; the federal Payday Lending Regulations (SOR/2024-114) are the source for payday rules.

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