Borrowing in Red Harbour, Newfoundland and Labrador

Red Harbour is one of the Newfoundland and Labrador places covered here, with 177 residents recorded in the 2021 Census and the same provincial rulebook as the rest of the province.

How borrowing works locally

A shorter term raises each payment and lowers the total interest, which is the trade every schedule makes.

A lender may ask for proof of address, and a permanent address is a standard requirement for consumer credit. A credit file is compiled by private agencies from information lenders and other creditors report.

Products compared here

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

• Lines of credit: A revolving limit you draw on and repay, usually paying interest only on what is outstanding.
• Home renovation loans: Paying for work on a property, from a small unsecured instalment loan to a secured renovation product.

The census figures for Red Harbour

The 2021 Census counted 177 residents in Red Harbour. Its land area is 11.2 square kilometres.

That gives a density of 15.8 people per square kilometre, rounded to one decimal place.

Red Harbour ranks 279 by population among the Newfoundland and Labrador places on this site.

Red Harbour sits at rank 279 among the 322 Newfoundland and Labrador places here, with 177 residents in the 2021 Census.

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.

Payday lending is licensed in Newfoundland and Labrador; the federal Payday Lending Regulations (SOR/2024-114) publish a cap of $14 per $100 advanced, and notes that a province may set a lower figure.

Small places are covered the same way as large ones: census figures for the place, and the provincial position on lending.

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

Red Harbour sits at rank 279 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

Red Harbour is one of 322 covered Newfoundland and Labrador places, counted at 177 residents with a land area of 11.2 square kilometres.

The density figure for Red Harbour, 15.8 people per square kilometre, is calculated from the population and land area above.

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

Red Harbour appears in the census record with 177 residents, and the density of 15.8 people per square kilometre follows from it.

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

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

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

The land area recorded for Red Harbour is 11.2 square kilometres, and the population is 177 residents in the 2021 Census.

At 177 residents in the 2021 Census, Red Harbour is listed alongside the other 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.

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