Borrowing in Musgravetown, Newfoundland and Labrador

A loan taken out in Musgravetown is governed by Newfoundland and Labrador's licensing rules, and the 2021 Census counted 561 people in the community.

The census figures for Musgravetown

Population for Musgravetown stands at 561 in the 2021 Census. Statistics Canada lists 13.5 square kilometres of land for the community.

The arithmetic gives 41.6 people per square kilometre.

Its provincial population rank is 139 within this data set.

Musgravetown therefore appears at rank 139 of 322 covered Newfoundland and Labrador places, with a density of 41.6 people per square kilometre.

The Newfoundland and Labrador rules that apply

Provincial or territorial law decides who may lend in Newfoundland and Labrador, and the Financial Consumer Agency of Canada publishes the list that names the regulator responsible.

The federal Payday Lending Regulations (SOR/2024-114) count Newfoundland and Labrador among the provinces with payday lending rules, where the published maximum cost of borrowing is $14 per $100 advanced under 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.

How borrowing works locally

Debt management plans are administered by accredited credit counsellors, and they are not loans.

A deposit or trade-in reduces the amount financed and therefore the interest charged over the term. A secured product gives the lender a claim on a named asset, which is why its price is usually lower than an unsecured equivalent.

Products compared here

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

• Emergency loans: Money for an urgent expense, and the order in which a sensible borrower works through the options.
• Unsecured loans: Borrowing with no asset pledged, priced for the risk the lender is taking on your file alone.

Musgravetown sits at rank 139 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

The land area recorded for Musgravetown is 13.5 square kilometres, and the population is 561 residents in the 2021 Census.

The density figure for Musgravetown, 41.6 people per square kilometre, is calculated from the population and land area above.

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

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

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

Musgravetown appears in the census record with 561 residents, and the density of 41.6 people per square kilometre follows from it.

Musgravetown ranks 139 by 2021 Census population among the covered places in Newfoundland and Labrador.

At 561 residents in the 2021 Census, Musgravetown is listed alongside the other covered places in Newfoundland and Labrador.

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

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

Musgravetown is one of 322 covered Newfoundland and Labrador places, counted at 561 residents with a land area of 13.5 square kilometres.

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.