Borrowing in Flower's Cove, Newfoundland and Labrador

A loan taken out in Flower's Cove is governed by Newfoundland and Labrador's licensing rules, and the 2021 Census counted 272 people in the community.

The census figures for Flower's Cove

Flower's Cove recorded a population of 272 in Statistics Canada's 2021 Census of Population. Statistics Canada lists 6.8 square kilometres of land for the community.

Population divided by land area produces a density of 40.2 people per square kilometre.

Its provincial population rank is 233 within this data set.

Flower's Cove sits at rank 233 among the 322 Newfoundland and Labrador places here, with 272 residents in the 2021 Census.

Products compared here

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

• Unsecured loans: Borrowing with no asset pledged, priced for the risk the lender is taking on your file alone.
• Business loans: Commercial borrowing, what lenders read in a business file, and how the assessment differs from personal credit.

The Newfoundland and Labrador rules that apply

Consumer lending in Newfoundland and Labrador is licensed provincially or territorially, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators where the current position appears.

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.

How borrowing works locally

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

A payday advance is repaid on a pay date, while an instalment loan is repaid over a set number of payments. Joint applications combine two incomes and two sets of obligations in the same assessment.

Flower's Cove appears in the census record with 272 residents, and the density of 40.2 people per square kilometre follows from it.

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

Flower's Cove ranks 233 by 2021 Census population among the covered places in Newfoundland and Labrador.

For Flower's Cove, the two census fields above are the only local statistics used anywhere on the page.

Readers comparing Flower's Cove with another community can use the same four census fields.

At 272 residents in the 2021 Census, Flower's Cove is listed alongside the other covered places in Newfoundland and Labrador.

Flower's Cove is one of 322 covered Newfoundland and Labrador places, counted at 272 residents with a land area of 6.8 square kilometres.

The land area recorded for Flower's Cove is 6.8 square kilometres, and the population is 272 residents in the 2021 Census.

Flower's Cove sits at rank 233 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

Where a figure for Flower's Cove could not be verified, the page names the publisher instead of printing a number.

The Flower's Cove page follows the same structure as every other place page, with population, land area, density and rank.

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.