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

Division No. 8, Subd. C is one of the Newfoundland and Labrador communities covered here, with a 2021 Census population of 563, and borrowing there is licensed under Newfoundland and Labrador's consumer credit rules.

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

Statistics Canada's 2021 Census gives Division No. 8, Subd. C a population of 563. The community covers 1213.9 square kilometres of land.

Population divided by land area produces a density of 0.5 people per square kilometre.

The 2021 Census population places it at rank 137 in the province.

The place record for Division No. 8, Subd. C covers 1213.9 square kilometres and 563 residents, a density of 0.5 people per square kilometre.

Products compared here

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

• 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.

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.

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

How borrowing works locally

Interest on a line of credit accrues only on the drawn portion, not on the unused limit.

A broker arranges credit but does not lend, and the lender remains the party that makes the decision. A deposit or trade-in reduces the amount financed and therefore the interest charged over the term.

Division No. 8, Subd. C sits at rank 137 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

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

Division No. 8, Subd. C ranks 137 by 2021 Census population among the covered places in Newfoundland and Labrador.

Division No. 8, Subd. C is one of 322 covered Newfoundland and Labrador places, counted at 563 residents with a land area of 1213.9 square kilometres.

Nothing on the Division No. 8, Subd. C page is estimated; the population and land area come from Statistics Canada's 2021 Census of Population.

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

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

The density figure for Division No. 8, Subd. C, 0.5 people per square kilometre, is calculated from the population and land area above.

At 563 residents in the 2021 Census, Division No. 8, Subd. C is listed alongside the other covered places in Newfoundland and Labrador.

Division No. 8, Subd. C appears in the census record with 563 residents, and the density of 0.5 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).

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