Borrowing in Goose Cove East, Newfoundland and Labrador

Goose Cove East is one of the Newfoundland and Labrador communities covered here, with a 2021 Census population of 172, and borrowing there is licensed under Newfoundland and Labrador's consumer credit rules.

The Newfoundland and Labrador rules that apply

The regulator for consumer credit in Newfoundland and Labrador is the body listed by the federal Payday Lending Regulations (SOR/2024-114) provincial and territorial regulators.

In Newfoundland and Labrador, payday lending operates under a licensed provincial regime, and the federal Payday Lending Regulations (SOR/2024-114) record a maximum cost of borrowing of $14 for each $100 advanced under SOR/2024-114.

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

The census figures for Goose Cove East

Statistics Canada's 2021 Census gives Goose Cove East a population of 172. 2.7 square kilometres of land are attributed to Goose Cove East.

Population divided by land area produces a density of 63.5 people per square kilometre.

By population it ranks 285 among the Newfoundland and Labrador places covered here.

Within Newfoundland and Labrador, Goose Cove East is place number 285 by population in this census set, at 172 residents.

Products compared here

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

• Home equity loans: Converting property equity into credit, and the difference between a lump sum and a revolving limit.
• Payday loans: Small, short-term advances against a pay date, the most tightly regulated product in Canadian consumer credit.

How borrowing works locally

A lender's assessment looks at income, existing obligations, the credit file, and the asset pledged where there is one.

Provincial licensing decides who may lend, and federal rules add a ceiling where a licensed payday regime exists. A consumer proposal or a bankruptcy is administered by a licensed insolvency trustee rather than by a lender.

Readers comparing Goose Cove East with another community can use the same four census fields.

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

At 172 residents in the 2021 Census, Goose Cove East is listed alongside the other covered places in Newfoundland and Labrador.

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

Goose Cove East ranks 285 by 2021 Census population among the covered places in Newfoundland and Labrador.

Goose Cove East sits at rank 285 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

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

Goose Cove East is one of 322 covered Newfoundland and Labrador places, counted at 172 residents with a land area of 2.7 square kilometres.

The land area recorded for Goose Cove East is 2.7 square kilometres, and the population is 172 residents in the 2021 Census.

Goose Cove East appears in the census record with 172 residents, and the density of 63.5 people per square kilometre follows from it.

The density figure for Goose Cove East, 63.5 people per square kilometre, is calculated from the population and land area above.

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.