Borrowing in Hawke's Bay, Newfoundland and Labrador

This page covers borrowing in Hawke's Bay, Newfoundland and Labrador: the census facts, the provincial rules, and the products people compare.

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.

At the small end of the census range, the community still borrows inside the province's licensing system.

How borrowing works locally

An application usually asks for identification, income evidence, banking details and a statement of obligations.

Interest on a line of credit accrues only on the drawn portion, not on the unused limit. A lender may ask for proof of address, and a permanent address is a standard requirement for consumer credit.

The census figures for Hawke's Bay

Statistics Canada's 2021 Census gives Hawke's Bay a population of 297. The community covers 46.4 square kilometres of land.

The arithmetic gives 6.4 people per square kilometre.

Hawke's Bay ranks 222 by population among the Newfoundland and Labrador places on this site.

Compared with the other 322 covered Newfoundland and Labrador places, Hawke's Bay ranks 222 by population.

Products compared here

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

• Secured loans: Borrowing against an asset, which lowers the price but puts the asset at risk if you default.
• Business lines of credit: A revolving operating limit for a business, and why it behaves differently from a term loan.

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

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

The land area recorded for Hawke's Bay is 46.4 square kilometres, and the population is 297 residents in the 2021 Census.

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

Hawke's Bay is one of 322 covered Newfoundland and Labrador places, counted at 297 residents with a land area of 46.4 square kilometres.

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

The density figure for Hawke's Bay, 6.4 people per square kilometre, is calculated from the population and land area above.

Hawke's Bay appears in the census record with 297 residents, and the density of 6.4 people per square kilometre follows from it.

Readers comparing Hawke's Bay with another community can use the same four census fields.

At 297 residents in the 2021 Census, Hawke's Bay is listed alongside the other covered places in Newfoundland and Labrador.

Hawke's Bay ranks 222 by 2021 Census population among the covered places in Newfoundland and Labrador.

Hawke's Bay sits at rank 222 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

loanmoose.ca is not a lender and does not make credit decisions. The lowest rates are only available to the most qualified applicants.

The 2021 Census of Population published by Statistics Canada is the source for population and land area; the federal Payday Lending Regulations (SOR/2024-114) are the source for payday rules.

Compare the disclosure on any agreement against the provincial ceiling, and treat the census figures as the only local statistics on the page.