Borrowing in Harbour Breton, Newfoundland and Labrador

This page covers borrowing in Harbour Breton, Newfoundland and Labrador: the census facts, the provincial rules, and the products people compare.

Products compared here

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

• 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 payday advance is repaid on a pay date, while an instalment loan is repaid over a set number of payments.

An application usually asks for identification, income evidence, banking details and a statement of obligations. A deposit or trade-in reduces the amount financed and therefore the interest charged over the term.

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.

Payday lending is licensed in Newfoundland and Labrador; the federal Payday Lending Regulations (SOR/2024-114) publish a cap of $14 per $100 advanced, and notes that a province may set a lower figure.

Small places are covered the same way as large ones: census figures for the place, and the provincial position on lending.

The census figures for Harbour Breton

In the 2021 Census, Harbour Breton had 1,477 residents. The census records a land area of 13.8 square kilometres for Harbour Breton.

The arithmetic gives 106.9 people per square kilometre.

Among covered Newfoundland and Labrador places, Harbour Breton sits at rank 58 by population.

The place record for Harbour Breton covers 13.8 square kilometres and 1,477 residents, a density of 106.9 people per square kilometre.

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

The land area recorded for Harbour Breton is 13.8 square kilometres, and the population is 1,477 residents in the 2021 Census.

Harbour Breton ranks 58 by 2021 Census population among the covered places in Newfoundland and Labrador.

Readers comparing Harbour Breton with another community can use the same four census fields.

Harbour Breton sits at rank 58 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

Harbour Breton is one of 322 covered Newfoundland and Labrador places, counted at 1,477 residents with a land area of 13.8 square kilometres.

At 1,477 residents in the 2021 Census, Harbour Breton is listed alongside the other covered places in Newfoundland and Labrador.

The density figure for Harbour Breton, 106.9 people per square kilometre, is calculated from the population and land area above.

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

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

Harbour Breton appears in the census record with 1,477 residents, and the density of 106.9 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.

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).

The provincial rules apply wherever a borrower is in Newfoundland and Labrador; a municipal boundary does not change them.