Borrowing in Wabush, Newfoundland and Labrador

A loan taken out in Wabush is governed by Newfoundland and Labrador's licensing rules, and the 2021 Census counted 1,964 people in the community.

The census figures for Wabush

The 2021 Census counted 1,964 residents in Wabush. 42.4 square kilometres of land are attributed to Wabush.

On those two figures, density is 46.3 residents per square kilometre when rounded to one decimal place.

Its provincial population rank is 41 within this data set.

Compared with the other 322 covered Newfoundland and Labrador places, Wabush ranks 41 by population.

Products compared here

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

• Home equity loans: Converting property equity into credit, and the difference between a lump sum and a revolving limit.
• Payday loans: Small, short-term advances against a pay date, the most tightly regulated product in Canadian consumer credit.

The Newfoundland and Labrador rules that apply

Consumer lending in Newfoundland and Labrador is licensed provincially or territorially, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators where the current position appears.

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.

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

How borrowing works locally

A deposit or trade-in reduces the amount financed and therefore the interest charged over the term.

Joint applications combine two incomes and two sets of obligations in the same assessment. Interest on a line of credit accrues only on the drawn portion, not on the unused limit.

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

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

Wabush appears in the census record with 1,964 residents, and the density of 46.3 people per square kilometre follows from it.

Wabush ranks 41 by 2021 Census population among the covered places in Newfoundland and Labrador.

Wabush is one of 322 covered Newfoundland and Labrador places, counted at 1,964 residents with a land area of 42.4 square kilometres.

The land area recorded for Wabush is 42.4 square kilometres, and the population is 1,964 residents in the 2021 Census.

Wabush sits at rank 41 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

At 1,964 residents in the 2021 Census, Wabush is listed alongside the other covered places in Newfoundland and Labrador.

The density figure for Wabush, 46.3 people per square kilometre, is calculated from the population and land area above.

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

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

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

The 2021 Census of Population published by Statistics Canada is the source for population and land area; the federal Payday Lending Regulations (SOR/2024-114) are the source for payday rules.

Compare the disclosure on any agreement against the provincial ceiling, and treat the census figures as the only local statistics on the page.