Borrowing in Sheshatshiu 3, Newfoundland and Labrador

With 1,225 residents counted in the 2021 Census, Sheshatshiu 3 sits inside Newfoundland and Labrador's provincial lending framework.

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) 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

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

A longer amortisation lowers each payment and raises the total interest paid over the life of the loan. Disclosure requirements mean the cost of borrowing must be stated before an agreement is signed.

The census figures for Sheshatshiu 3

1,225 people were counted in Sheshatshiu 3 in the 2021 Census. Its land area is 8.5 square kilometres.

On those two figures, density is 144.5 residents per square kilometre when rounded to one decimal place.

Its provincial population rank is 66 within this data set.

Sheshatshiu 3 sits at rank 66 among the 322 Newfoundland and Labrador places here, with 1,225 residents in the 2021 Census.

Products compared here

Among the 20 products compared here, these two are commonly used for the purposes described.

• 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.

Where a figure for Sheshatshiu 3 could not be verified, the page names the publisher instead of printing a number.

Sheshatshiu 3 ranks 66 by 2021 Census population among the covered places in Newfoundland and Labrador.

Sheshatshiu 3 appears in the census record with 1,225 residents, and the density of 144.5 people per square kilometre follows from it.

Sheshatshiu 3 is one of 322 covered Newfoundland and Labrador places, counted at 1,225 residents with a land area of 8.5 square kilometres.

The land area recorded for Sheshatshiu 3 is 8.5 square kilometres, and the population is 1,225 residents in the 2021 Census.

Nothing on the Sheshatshiu 3 page is estimated; the population and land area come from Statistics Canada's 2021 Census of Population.

At 1,225 residents in the 2021 Census, Sheshatshiu 3 is listed alongside the other covered places in Newfoundland and Labrador.

Sheshatshiu 3 sits at rank 66 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

The Sheshatshiu 3 page follows the same structure as every other place page, with population, land area, density and rank.

Readers comparing Sheshatshiu 3 with another community can use the same four census fields.

For Sheshatshiu 3, the two census fields above are the only local statistics used anywhere on the page.

The density figure for Sheshatshiu 3, 144.5 people per square kilometre, is calculated from the population and land area above.

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).

Lending rules change, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators where the current position is confirmed.