Borrowing in Mount Pearl, Newfoundland and Labrador

With 22,477 residents counted in the 2021 Census, Mount Pearl sits inside Newfoundland and Labrador's provincial lending framework.

The census figures for Mount Pearl

The 2021 Census counted 22,477 residents in Mount Pearl. The community covers 15.7 square kilometres of land.

Population divided by land area produces a density of 1436.2 people per square kilometre.

By population it ranks 4 among the Newfoundland and Labrador places covered here.

The place record for Mount Pearl covers 15.7 square kilometres and 22,477 residents, a density of 1436.2 people per square kilometre.

Products compared here

The site describes 20 products in total; the two below are representative of the range.

• 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

Licensing for consumer credit in Newfoundland and Labrador sits with the province or territory, and the Financial Consumer Agency of Canada maintains the public 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.

Municipalities of this size are grouped together here, with the province setting the licensing position for all of them.

How borrowing works locally

A provincial regulator publishes licensing requirements, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators.

A lender is free to set its own price below the legal ceiling, and it does so according to the risk it reads in the file. Disclosure requirements mean the cost of borrowing must be stated before an agreement is signed.

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

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

At 22,477 residents in the 2021 Census, Mount Pearl is listed alongside the other covered places in Newfoundland and Labrador.

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

Mount Pearl appears in the census record with 22,477 residents, and the density of 1436.2 people per square kilometre follows from it.

The land area recorded for Mount Pearl is 15.7 square kilometres, and the population is 22,477 residents in the 2021 Census.

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

The density figure for Mount Pearl, 1436.2 people per square kilometre, is calculated from the population and land area above.

Mount Pearl ranks 4 by 2021 Census population among the covered places in Newfoundland and Labrador.

Mount Pearl is one of 322 covered Newfoundland and Labrador places, counted at 22,477 residents with a land area of 15.7 square kilometres.

Mount Pearl sits at rank 4 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.

The same structure is used for every place covered, so two communities can be compared field by field: population, land area, density, rank, and the provincial rules.