Borrowing in Riverhead, Newfoundland and Labrador

Riverhead, Newfoundland and Labrador, recorded a population of 165 in the 2021 Census; the rules that govern a loan signed there are provincial.

The census figures for Riverhead

Population for Riverhead stands at 165 in the 2021 Census. Statistics Canada lists 101.8 square kilometres of land for the community.

On those two figures, density is 1.6 residents per square kilometre when rounded to one decimal place.

Its provincial population rank is 287 within this data set.

Compared with the other 322 covered Newfoundland and Labrador places, Riverhead ranks 287 by population.

Products compared here

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

• Bad credit loans: Borrowing when the credit file is damaged, and what changes about price and security as a result.
• Home equity loans: Converting property equity into credit, and the difference between a lump sum and a revolving limit.

The Newfoundland and Labrador rules that apply

The body that licenses consumer lending in Newfoundland and Labrador is the regulator named on the federal Payday Lending Regulations (SOR/2024-114)'s 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.

Places in the smallest population band are grouped here as small communities, and the pages carry the same census fields and the same provincial rules as the largest city.

How borrowing works locally

A secured product gives the lender a claim on a named asset, which is why its price is usually lower than an unsecured equivalent.

Provincial licensing decides who may lend, and federal rules add a ceiling where a licensed payday regime exists. Variable-rate products move with a reference rate, while fixed-rate products set the price for a defined term.

The density figure for Riverhead, 1.6 people per square kilometre, is calculated from the population and land area above.

At 165 residents in the 2021 Census, Riverhead is listed alongside the other covered places in Newfoundland and Labrador.

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

The land area recorded for Riverhead is 101.8 square kilometres, and the population is 165 residents in the 2021 Census.

Riverhead sits at rank 287 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

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

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

Riverhead appears in the census record with 165 residents, and the density of 1.6 people per square kilometre follows from it.

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

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

Riverhead is one of 322 covered Newfoundland and Labrador places, counted at 165 residents with a land area of 101.8 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.

The provincial rules apply wherever a borrower is in Newfoundland and Labrador; a municipal boundary does not change them.