Borrowing in Southern Harbour, Newfoundland and Labrador

Southern Harbour, Newfoundland and Labrador, recorded a population of 313 in the 2021 Census; the rules that govern a loan signed there are provincial.

The census figures for Southern Harbour

313 people were counted in Southern Harbour in the 2021 Census. Statistics Canada lists 5.4 square kilometres of land for the community.

Population divided by land area produces a density of 58.1 people per square kilometre.

Among covered Newfoundland and Labrador places, Southern Harbour sits at rank 215 by population.

Southern Harbour is one of 322 places listed for Newfoundland and Labrador, ranked 215 by population and measured at 5.4 square kilometres.

Products compared here

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

• Car loans: Financing a vehicle, including the effect of trade-in equity, negative equity and dealer-arranged credit.
• Debt consolidation loans: Replacing several expensive debts with one payment, and the arithmetic that decides whether it helps.

The Newfoundland and Labrador rules that apply

The regulator for consumer credit in Newfoundland and Labrador is the body listed by the federal Payday Lending Regulations (SOR/2024-114) 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.

Communities of this size are listed here with population, land area and density, and the lending rules remain provincial.

How borrowing works locally

A payday advance is repaid on a pay date, while an instalment loan is repaid over a set number of payments.

Adding a co-signer puts a second file in front of the lender and adds a second person to the obligation. A credit file is compiled by private agencies from information lenders and other creditors report.

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

Southern Harbour is one of 322 covered Newfoundland and Labrador places, counted at 313 residents with a land area of 5.4 square kilometres.

Southern Harbour appears in the census record with 313 residents, and the density of 58.1 people per square kilometre follows from it.

Southern Harbour ranks 215 by 2021 Census population among the covered places in Newfoundland and Labrador.

Southern Harbour sits at rank 215 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

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

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

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

At 313 residents in the 2021 Census, Southern Harbour is listed alongside the other covered places in Newfoundland and Labrador.

The density figure for Southern Harbour, 58.1 people per square kilometre, is calculated from the population and land area above.

The land area recorded for Southern Harbour is 5.4 square kilometres, and the population is 313 residents in the 2021 Census.

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

Census figures are from Statistics Canada's 2021 Census of Population, and the payday position is taken from 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.