Borrowing in Clare, Nova Scotia

Clare is one of the Nova Scotia places covered here, with 7,678 residents recorded in the 2021 Census and the same provincial rulebook as the rest of the province.

The Nova Scotia rules that apply

The regulator for consumer credit in Nova Scotia 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 Nova Scotia, which the federal Payday Lending Regulations (SOR/2024-114) list as a province that regulates the product.

In the lower-middle band, pages carry the census figures for the place and the same provincial lending position as larger centres.

How borrowing works locally

Interest on a line of credit accrues only on the drawn portion, not on the unused limit.

A broker arranges credit but does not lend, and the lender remains the party that makes the decision. A secured product gives the lender a claim on a named asset, which is why its price is usually lower than an unsecured equivalent.

The census figures for Clare

In the 2021 Census, Clare had 7,678 residents. The community covers 851.1 square kilometres of land.

On those two figures, density is 9.0 residents per square kilometre when rounded to one decimal place.

The 2021 Census population places it at rank 21 in the province.

Clare is one of 82 places listed for Nova Scotia, ranked 21 by population and measured at 851.1 square kilometres.

Products compared here

The product pages behind this city cover the following borrowing categories, among the 20 products compared nationally.

• Mortgage loans: Borrowing against residential property, including how a federally regulated lender tests the file.
• Debt relief programs: The formal and informal routes out of unmanageable debt in Canada, and who is licensed to run them.

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

Clare sits at rank 21 within Nova Scotia in this data set, and the provincial rules apply as they do elsewhere.

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

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

The land area recorded for Clare is 851.1 square kilometres, and the population is 7,678 residents in the 2021 Census.

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

At 7,678 residents in the 2021 Census, Clare is listed alongside the other covered places in Nova Scotia.

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

Clare appears in the census record with 7,678 residents, and the density of 9.0 people per square kilometre follows from it.

The density figure for Clare, 9.0 people per square kilometre, is calculated from the population and land area above.

Clare is one of 82 covered Nova Scotia places, counted at 7,678 residents with a land area of 851.1 square kilometres.

Clare ranks 21 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.

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).

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