Borrowing in Lunenburg, Nova Scotia

Lunenburg is one of the Nova Scotia places covered here, with 2,396 residents recorded in the 2021 Census and the same provincial rulebook as the rest of the province.

The Nova Scotia rules that apply

The body that licenses consumer lending in Nova Scotia is the regulator named on the federal Payday Lending Regulations (SOR/2024-114)'s 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.

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

How borrowing works locally

A credit file is compiled by private agencies from information lenders and other creditors report.

Variable-rate products move with a reference rate, while fixed-rate products set the price for a defined term. A consumer proposal or a bankruptcy is administered by a licensed insolvency trustee rather than by a lender.

The census figures for Lunenburg

In the 2021 Census, Lunenburg had 2,396 residents. 4.0 square kilometres of land are attributed to Lunenburg.

Dividing population by land area gives 593.1 residents per square kilometre, rounded to one decimal place.

Among covered Nova Scotia places, Lunenburg sits at rank 58 by population.

Compared with the other 82 covered Nova Scotia places, Lunenburg ranks 58 by population.

Products compared here

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

• Unsecured loans: Borrowing with no asset pledged, priced for the risk the lender is taking on your file alone.
• Business loans: Commercial borrowing, what lenders read in a business file, and how the assessment differs from personal credit.

Lunenburg ranks 58 by 2021 Census population among the covered places in Nova Scotia.

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

At 2,396 residents in the 2021 Census, Lunenburg is listed alongside the other covered places in Nova Scotia.

Lunenburg sits at rank 58 within Nova Scotia in this data set, and the provincial rules apply as they do elsewhere.

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

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

The density figure for Lunenburg, 593.1 people per square kilometre, is calculated from the population and land area above.

Lunenburg is one of 82 covered Nova Scotia places, counted at 2,396 residents with a land area of 4.0 square kilometres.

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

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

The land area recorded for Lunenburg is 4.0 square kilometres, and the population is 2,396 residents in the 2021 Census.

Lunenburg appears in the census record with 2,396 residents, and the density of 593.1 people per square kilometre follows from it.

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.

The provincial rules apply wherever a borrower is in Nova Scotia; a municipal boundary does not change them.