Borrowing in Port Saunders, Newfoundland and Labrador

Port Saunders, Newfoundland and Labrador, recorded a population of 678 in the 2021 Census; the rules that govern a loan signed there are provincial.

Products compared here

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

• Instalment loans: A fixed number of fixed payments, sized larger and longer than a payday advance.
• Secured loans: Borrowing against an asset, which lowers the price but puts the asset at risk if you default.

How borrowing works locally

A mortgage is registered against the property, which is what gives the lender its claim.

A credit file is compiled by private agencies from information lenders and other creditors report. Joint applications combine two incomes and two sets of obligations in the same assessment.

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) 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.

The census figures for Port Saunders

In the 2021 Census, Port Saunders had 678 residents. Land area for Port Saunders is 38.5 square kilometres in the same census.

Dividing population by land area gives 17.6 residents per square kilometre, rounded to one decimal place.

The 2021 Census population places it at rank 112 in the province.

Port Saunders is one of 322 places listed for Newfoundland and Labrador, ranked 112 by population and measured at 38.5 square kilometres.

Port Saunders sits at rank 112 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

Port Saunders ranks 112 by 2021 Census population among the covered places in Newfoundland and Labrador.

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

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

Port Saunders appears in the census record with 678 residents, and the density of 17.6 people per square kilometre follows from it.

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

The density figure for Port Saunders, 17.6 people per square kilometre, is calculated from the population and land area above.

Port Saunders is one of 322 covered Newfoundland and Labrador places, counted at 678 residents with a land area of 38.5 square kilometres.

The land area recorded for Port Saunders is 38.5 square kilometres, and the population is 678 residents in the 2021 Census.

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

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

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

Population and land area figures come from Statistics Canada's 2021 Census of Population; regulatory statements are attributed to the federal Payday Lending Regulations (SOR/2024-114).

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.