Borrowing in Sachs Harbour, Northwest Territories

This page covers borrowing in Sachs Harbour, Northwest Territories: the census facts, the provincial rules, and the products people compare.

Products compared here

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

• Secured loans: Borrowing against an asset, which lowers the price but puts the asset at risk if you default.
• Business lines of credit: A revolving operating limit for a business, and why it behaves differently from a term loan.

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.

A shorter term raises each payment and lowers the total interest, which is the trade every schedule makes. A longer amortisation lowers each payment and raises the total interest paid over the life of the loan.

The Northwest Territories rules that apply

The regulator for consumer credit in Northwest Territories 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) note that the territories do not have specific payday lending rules, which leaves Northwest Territories without a published territorial cap.

This is a small community by population, inside the lowest band used on this site, and the provincial framework applies without variation.

The census figures for Sachs Harbour

In the 2021 Census, Sachs Harbour had 104 residents. Land area for Sachs Harbour is 272.2 square kilometres in the same census.

On those two figures, density is 0.4 residents per square kilometre when rounded to one decimal place.

Sachs Harbour ranks 29 by population among the Northwest Territories places on this site.

Sachs Harbour therefore appears at rank 29 of 29 covered Northwest Territories places, with a density of 0.4 people per square kilometre.

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

Sachs Harbour ranks 29 by 2021 Census population among the covered places in Northwest Territories.

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

The land area recorded for Sachs Harbour is 272.2 square kilometres, and the population is 104 residents in the 2021 Census.

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

Sachs Harbour sits at rank 29 within Northwest Territories in this data set, and the provincial rules apply as they do elsewhere.

At 104 residents in the 2021 Census, Sachs Harbour is listed alongside the other covered places in Northwest Territories.

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

The density figure for Sachs Harbour, 0.4 people per square kilometre, is calculated from the population and land area above.

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

Sachs Harbour is one of 29 covered Northwest Territories places, counted at 104 residents with a land area of 272.2 square kilometres.

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.