Borrowing in Lourdes, Newfoundland and Labrador

Lourdes, Newfoundland and Labrador, recorded a population of 502 in the 2021 Census; the rules that govern a loan signed there are provincial.

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.

Disclosure requirements mean the cost of borrowing must be stated before an agreement is signed. A mortgage is registered against the property, which is what gives the lender its claim.

Products compared here

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

• 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 census figures for Lourdes

Lourdes recorded a population of 502 in Statistics Canada's 2021 Census of Population. Land area for Lourdes is 7.4 square kilometres in the same census.

Dividing population by land area gives 67.9 residents per square kilometre, rounded to one decimal place.

Its provincial population rank is 159 within this data set.

Lourdes sits at rank 159 among the 322 Newfoundland and Labrador places here, with 502 residents in the 2021 Census.

The Newfoundland and Labrador rules that apply

Consumer credit in Newfoundland and Labrador is licensed by the provincial or territorial regulator, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators.

The federal Payday Lending Regulations (SOR/2024-114) list Newfoundland and Labrador among the provinces that regulate payday lending, where the federal Payday Lending Regulations (SOR/2024-114) cap the cost of borrowing at $14 per $100 advanced.

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

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

Lourdes appears in the census record with 502 residents, and the density of 67.9 people per square kilometre follows from it.

Lourdes sits at rank 159 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

The density figure for Lourdes, 67.9 people per square kilometre, is calculated from the population and land area above.

Lourdes is one of 322 covered Newfoundland and Labrador places, counted at 502 residents with a land area of 7.4 square kilometres.

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

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

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

At 502 residents in the 2021 Census, Lourdes is listed alongside the other covered places in Newfoundland and Labrador.

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

The land area recorded for Lourdes is 7.4 square kilometres, and the population is 502 residents in the 2021 Census.

Lourdes ranks 159 by 2021 Census population among the covered places in Newfoundland and Labrador.

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.