Borrowing in Lark Harbour, Newfoundland and Labrador

A loan taken out in Lark Harbour is governed by Newfoundland and Labrador's licensing rules, and the 2021 Census counted 508 people in the community.

The census figures for Lark Harbour

508 people were counted in Lark Harbour in the 2021 Census. 12.9 square kilometres of land are attributed to Lark Harbour.

Dividing population by land area gives 39.3 residents per square kilometre, rounded to one decimal place.

Among covered Newfoundland and Labrador places, Lark Harbour sits at rank 155 by population.

Lark Harbour therefore appears at rank 155 of 322 covered Newfoundland and Labrador places, with a density of 39.3 people per square kilometre.

Products compared here

These are two of the 20 products described on the site, and each has a national page as well as the provincial rules.

• Business loans: Commercial borrowing, what lenders read in a business file, and how the assessment differs from personal credit.
• Instalment loans: A fixed number of fixed payments, sized larger and longer than a payday advance.

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.

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.

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 secured product gives the lender a claim on a named asset, which is why its price is usually lower than an unsecured equivalent.

Adding a co-signer puts a second file in front of the lender and adds a second person to the obligation. A revolving product charges interest on the outstanding balance, while an instalment product charges a fixed schedule of payments.

Lark Harbour is one of 322 covered Newfoundland and Labrador places, counted at 508 residents with a land area of 12.9 square kilometres.

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

The land area recorded for Lark Harbour is 12.9 square kilometres, and the population is 508 residents in the 2021 Census.

Lark Harbour sits at rank 155 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

Lark Harbour appears in the census record with 508 residents, and the density of 39.3 people per square kilometre follows from it.

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

Lark Harbour ranks 155 by 2021 Census population among the covered places in Newfoundland and Labrador.

The density figure for Lark Harbour, 39.3 people per square kilometre, is calculated from the population and land area above.

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

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

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

Statistics Canada's 2021 Census of Population supplies the population and land-area figures, and the federal Payday Lending Regulations (SOR/2024-114) supply the payday position.

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