Borrowing in Paulatuk, Northwest Territories

Paulatuk is one of the Northwest Territories communities covered here, with a 2021 Census population of 298, and borrowing there is licensed under Northwest Territories's consumer credit rules.

The census figures for Paulatuk

298 people were counted in Paulatuk in the 2021 Census. The community covers 63.6 square kilometres of land.

The calculated density is 4.7 people per square kilometre.

By population it ranks 20 among the Northwest Territories places covered here.

Paulatuk sits at rank 20 among the 29 Northwest Territories places here, with 298 residents in the 2021 Census.

The Northwest Territories rules that apply

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

The federal Payday Lending Regulations (SOR/2024-114) note that the territories do not have specific payday lending rules, which leaves Northwest Territories without a published territorial cap.

Places in the smallest population band are grouped here as small communities, and the pages carry the same census fields and the same provincial rules as the largest city.

How borrowing works locally

A deposit or trade-in reduces the amount financed and therefore the interest charged over the term.

A lender's assessment looks at income, existing obligations, the credit file, and the asset pledged where there is one. Disclosure requirements mean the cost of borrowing must be stated before an agreement is signed.

Products compared here

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

• 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.

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

The density figure for Paulatuk, 4.7 people per square kilometre, is calculated from the population and land area above.

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

Paulatuk ranks 20 by 2021 Census population among the covered places in Northwest Territories.

Paulatuk is one of 29 covered Northwest Territories places, counted at 298 residents with a land area of 63.6 square kilometres.

At 298 residents in the 2021 Census, Paulatuk is listed alongside the other covered places in Northwest Territories.

The land area recorded for Paulatuk is 63.6 square kilometres, and the population is 298 residents in the 2021 Census.

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

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

Paulatuk appears in the census record with 298 residents, and the density of 4.7 people per square kilometre follows from it.

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

Paulatuk sits at rank 20 within Northwest Territories in this data set, and the provincial rules apply as they do elsewhere.

loanmoose.ca is not a lender and does not make credit decisions. The lowest rates are only available to the most qualified applicants.

Statistics Canada's 2021 Census of Population supplies the population and land-area figures, and the federal Payday Lending Regulations (SOR/2024-114) supply the payday position.

Lending rules change, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators where the current position is confirmed.