Borrowing in Gillams, Newfoundland and Labrador

Gillams, Newfoundland and Labrador, recorded a population of 506 in the 2021 Census; the rules that govern a loan signed there are provincial.

The census figures for Gillams

In the 2021 Census, Gillams had 506 residents. The community covers 6.7 square kilometres of land.

On those two figures, density is 75.3 residents per square kilometre when rounded to one decimal place.

By population it ranks 157 among the Newfoundland and Labrador places covered here.

Gillams therefore appears at rank 157 of 322 covered Newfoundland and Labrador places, with a density of 75.3 people per square kilometre.

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.

A payday advance in Newfoundland and Labrador falls under a provincial licensing regime, and the cost of borrowing is capped at $14 per $100 advanced according to the federal Payday Lending Regulations (SOR/2024-114).

Places in the smallest population band are grouped here as small communities, and the pages carry the same census fields and the same provincial rules as the largest city.

How borrowing works locally

A revolving product charges interest on the outstanding balance, while an instalment product charges a fixed schedule of payments.

A broker arranges credit but does not lend, and the lender remains the party that makes the decision. A secured product gives the lender a claim on a named asset, which is why its price is usually lower than an unsecured equivalent.

Products compared here

The site describes 20 products in total; the two below are representative of the range.

• Lines of credit: A revolving limit you draw on and repay, usually paying interest only on what is outstanding.
• Home renovation loans: Paying for work on a property, from a small unsecured instalment loan to a secured renovation product.

The Gillams page follows the same structure as every other place page, with population, land area, density and rank.

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

Gillams sits at rank 157 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

Gillams appears in the census record with 506 residents, and the density of 75.3 people per square kilometre follows from it.

The density figure for Gillams, 75.3 people per square kilometre, is calculated from the population and land area above.

At 506 residents in the 2021 Census, Gillams is listed alongside the other covered places in Newfoundland and Labrador.

For Gillams, the two census fields above are the only local statistics used anywhere on the page.

The land area recorded for Gillams is 6.7 square kilometres, and the population is 506 residents in the 2021 Census.

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

Gillams ranks 157 by 2021 Census population among the covered places in Newfoundland and Labrador.

Gillams is one of 322 covered Newfoundland and Labrador places, counted at 506 residents with a land area of 6.7 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.

Census figures are from Statistics Canada's 2021 Census of Population, and the payday position is taken from the federal Payday Lending Regulations (SOR/2024-114).

Nothing here is an offer, and no page on this site can tell anyone what a lender will decide.