Borrowing in Cape Breton, Nova Scotia

Cape Breton, Nova Scotia, recorded a population of 93,694 in the 2021 Census; the rules that govern a loan signed there are provincial.

The Nova Scotia rules that apply

Licensing for consumer credit in Nova Scotia sits with the province or territory, and the Financial Consumer Agency of Canada maintains the public list of provincial and territorial regulators.

In Nova Scotia, payday lending operates under a licensed provincial regime, and the federal Payday Lending Regulations (SOR/2024-114) record a maximum cost of borrowing of $14 for each $100 advanced under SOR/2024-114.

Mid-sized places carry the same product list and the same provincial position as the largest city in the province.

How borrowing works locally

A provincial regulator publishes licensing requirements, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators.

Debt management plans are administered by accredited credit counsellors, and they are not loans. A credit file is compiled by private agencies from information lenders and other creditors report.

The census figures for Cape Breton

Statistics Canada's 2021 Census gives Cape Breton a population of 93,694. Statistics Canada lists 2419.7 square kilometres of land for the community.

Population divided by land area produces a density of 38.7 people per square kilometre.

Cape Breton ranks 2 by population among the Nova Scotia places on this site.

Cape Breton therefore appears at rank 2 of 82 covered Nova Scotia places, with a density of 38.7 people per square kilometre.

Products compared here

Each product below has its own page, and the Nova Scotia position applies to all of them.

• Personal loans: A fixed sum repaid on a schedule, usually unsecured, for almost any purpose a lender will accept.
• Mortgage loans: Borrowing against residential property, including how a federally regulated lender tests the file.

Cape Breton sits at rank 2 within Nova Scotia in this data set, and the provincial rules apply as they do elsewhere.

Cape Breton is one of 82 covered Nova Scotia places, counted at 93,694 residents with a land area of 2419.7 square kilometres.

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

At 93,694 residents in the 2021 Census, Cape Breton is listed alongside the other covered places in Nova Scotia.

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

The land area recorded for Cape Breton is 2419.7 square kilometres, and the population is 93,694 residents in the 2021 Census.

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

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

Cape Breton appears in the census record with 93,694 residents, and the density of 38.7 people per square kilometre follows from it.

The density figure for Cape Breton, 38.7 people per square kilometre, is calculated from the population and land area above.

Cape Breton ranks 2 by 2021 Census population among the covered places in Nova Scotia.

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.