Borrowing in Digby, Nova Scotia

Digby is one of the Nova Scotia communities covered here, with a 2021 Census population of 2,001, and borrowing there is licensed under Nova Scotia's consumer credit rules.

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.

A payday advance in Nova Scotia 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).

Small places are covered the same way as large ones: census figures for the place, and the provincial position on lending.

The census figures for Digby

Digby recorded a population of 2,001 in Statistics Canada's 2021 Census of Population. Statistics Canada lists 3.2 square kilometres of land for the community.

The arithmetic gives 633.2 people per square kilometre.

The community is the 60th largest place in the province within this census set.

Digby is one of 82 places listed for Nova Scotia, ranked 60 by population and measured at 3.2 square kilometres.

Products compared here

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

• 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.

How borrowing works locally

A broker arranges credit but does not lend, and the lender remains the party that makes the decision.

A credit file is compiled by private agencies from information lenders and other creditors report. A revolving product charges interest on the outstanding balance, while an instalment product charges a fixed schedule of payments.

Digby sits at rank 60 within Nova Scotia in this data set, and the provincial rules apply as they do elsewhere.

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

Digby is one of 82 covered Nova Scotia places, counted at 2,001 residents with a land area of 3.2 square kilometres.

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

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

The land area recorded for Digby is 3.2 square kilometres, and the population is 2,001 residents in the 2021 Census.

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

Digby appears in the census record with 2,001 residents, and the density of 633.2 people per square kilometre follows from it.

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

The density figure for Digby, 633.2 people per square kilometre, is calculated from the population and land area above.

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).

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