Borrowing in Witless Bay, Newfoundland and Labrador

Witless Bay, Newfoundland and Labrador, recorded a population of 1,640 in the 2021 Census; the rules that govern a loan signed there are provincial.

Products compared here

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

• Emergency loans: Money for an urgent expense, and the order in which a sensible borrower works through the options.
• Unsecured loans: Borrowing with no asset pledged, priced for the risk the lender is taking on your file alone.

How borrowing works locally

Variable-rate products move with a reference rate, while fixed-rate products set the price for a defined term.

Debt management plans are administered by accredited credit counsellors, and they are not loans. Disclosure requirements mean the cost of borrowing must be stated before an agreement is signed.

The Newfoundland and Labrador rules that apply

Provincial or territorial law decides who may lend in Newfoundland and Labrador, and the Financial Consumer Agency of Canada publishes the list that names the regulator responsible.

A payday advance in Newfoundland and Labrador falls under a provincial licensing regime, and the cost of borrowing is capped at $14 per $100 advanced according to the federal Payday Lending Regulations (SOR/2024-114).

The lowest band groups villages, rural municipalities and small towns, all read against the same provincial rulebook.

The census figures for Witless Bay

1,640 people were counted in Witless Bay in the 2021 Census. Its land area is 17.6 square kilometres.

Dividing population by land area gives 93.1 residents per square kilometre, rounded to one decimal place.

The 2021 Census population places it at rank 52 in the province.

Witless Bay sits at rank 52 among the 322 Newfoundland and Labrador places here, with 1,640 residents in the 2021 Census.

Witless Bay ranks 52 by 2021 Census population among the covered places in Newfoundland and Labrador.

The land area recorded for Witless Bay is 17.6 square kilometres, and the population is 1,640 residents in the 2021 Census.

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

The density figure for Witless Bay, 93.1 people per square kilometre, is calculated from the population and land area above.

Witless Bay appears in the census record with 1,640 residents, and the density of 93.1 people per square kilometre follows from it.

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

Witless Bay is one of 322 covered Newfoundland and Labrador places, counted at 1,640 residents with a land area of 17.6 square kilometres.

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

At 1,640 residents in the 2021 Census, Witless Bay is listed alongside the other covered places in Newfoundland and Labrador.

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

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

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).

The same structure is used for every place covered, so two communities can be compared field by field: population, land area, density, rank, and the provincial rules.