Borrowing in Harbour Grace, Newfoundland and Labrador

Harbour Grace, Newfoundland and Labrador, recorded a population of 2,796 in the 2021 Census; the rules that govern a loan signed there are provincial.

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.

The federal payday lending regulations, SOR/2024-114, cap the cost of borrowing at $14 per $100 advanced in Newfoundland and Labrador, which the federal Payday Lending Regulations (SOR/2024-114) list as a province that regulates the product.

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 Grace

Statistics Canada's 2021 Census gives Harbour Grace a population of 2,796. Land area for Harbour Grace is 33.7 square kilometres in the same census.

That gives a density of 82.9 people per square kilometre, rounded to one decimal place.

Harbour Grace ranks 26 by population among the Newfoundland and Labrador places on this site.

Harbour Grace therefore appears at rank 26 of 322 covered Newfoundland and Labrador places, with a density of 82.9 people per square kilometre.

Products compared here

Two of the 20 covered products appear below, each with the purpose the product is designed for.

• Business lines of credit: A revolving operating limit for a business, and why it behaves differently from a term loan.
• Collateral loans: Borrowing against an asset a lender will hold, from vehicles to savings, and what happens on default.

How borrowing works locally

Joint applications combine two incomes and two sets of obligations in the same assessment.

A prepayment privilege allows a borrower to pay more than the scheduled amount, sometimes with a charge attached. A secured product gives the lender a claim on a named asset, which is why its price is usually lower than an unsecured equivalent.

Harbour Grace sits at rank 26 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

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

Harbour Grace appears in the census record with 2,796 residents, and the density of 82.9 people per square kilometre follows from it.

Harbour Grace ranks 26 by 2021 Census population among the covered places in Newfoundland and Labrador.

Harbour Grace is one of 322 covered Newfoundland and Labrador places, counted at 2,796 residents with a land area of 33.7 square kilometres.

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

At 2,796 residents in the 2021 Census, Harbour Grace is listed alongside the other covered places in Newfoundland and Labrador.

The density figure for Harbour Grace, 82.9 people per square kilometre, is calculated from the population and land area above.

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

The land area recorded for Harbour Grace is 33.7 square kilometres, and the population is 2,796 residents in the 2021 Census.

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

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).

Lending rules change, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators where the current position is confirmed.