Borrowing in Little Burnt Bay, Newfoundland and Labrador

Little Burnt Bay, Newfoundland and Labrador, recorded a population of 238 in the 2021 Census; the rules that govern a loan signed there are provincial.

The Newfoundland and Labrador rules that apply

Consumer lending in Newfoundland and Labrador is licensed provincially or territorially, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators where the current position appears.

A payday advance in Newfoundland and Labrador falls under a provincial licensing regime, and the cost of borrowing is capped at $14 per $100 advanced according to the federal Payday Lending Regulations (SOR/2024-114).

This is a small community by population, inside the lowest band used on this site, and the provincial framework applies without variation.

The census figures for Little Burnt Bay

The 2021 Census counted 238 residents in Little Burnt Bay. Its land area is 8.5 square kilometres.

The calculated density is 28.1 people per square kilometre.

Its provincial population rank is 248 within this data set.

Within Newfoundland and Labrador, Little Burnt Bay is place number 248 by population in this census set, at 238 residents.

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.

• Bad credit loans: Borrowing when the credit file is damaged, and what changes about price and security as a result.
• Home equity loans: Converting property equity into credit, and the difference between a lump sum and a revolving limit.

How borrowing works locally

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

A provincial regulator publishes licensing requirements, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators. Adding a co-signer puts a second file in front of the lender and adds a second person to the obligation.

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

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

Little Burnt Bay appears in the census record with 238 residents, and the density of 28.1 people per square kilometre follows from it.

At 238 residents in the 2021 Census, Little Burnt Bay is listed alongside the other covered places in Newfoundland and Labrador.

Where a figure for Little Burnt Bay could not be verified, the page names the publisher instead of printing a number.

Readers comparing Little Burnt Bay with another community can use the same four census fields.

The land area recorded for Little Burnt Bay is 8.5 square kilometres, and the population is 238 residents in the 2021 Census.

Little Burnt Bay sits at rank 248 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

Little Burnt Bay is one of 322 covered Newfoundland and Labrador places, counted at 238 residents with a land area of 8.5 square kilometres.

For Little Burnt Bay, the two census fields above are the only local statistics used anywhere on the page.

The density figure for Little Burnt Bay, 28.1 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.

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.

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