Borrowing in Cambridge Bay, Nunavut

A loan taken out in Cambridge Bay is governed by Nunavut's licensing rules, and the 2021 Census counted 1,760 people in the community.

The Nunavut rules that apply

The regulator for consumer credit in Nunavut 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 Nunavut 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.

How borrowing works locally

A prepayment privilege allows a borrower to pay more than the scheduled amount, sometimes with a charge attached.

Debt management plans are administered by accredited credit counsellors, and they are not loans. A deposit or trade-in reduces the amount financed and therefore the interest charged over the term.

The census figures for Cambridge Bay

1,760 people were counted in Cambridge Bay in the 2021 Census. The community covers 195.8 square kilometres of land.

That gives a density of 9.0 people per square kilometre, rounded to one decimal place.

Cambridge Bay ranks 6 by population among the Nunavut places on this site.

Cambridge Bay is one of 25 places listed for Nunavut, ranked 6 by population and measured at 195.8 square kilometres.

Products compared here

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

• 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.

The land area recorded for Cambridge Bay is 195.8 square kilometres, and the population is 1,760 residents in the 2021 Census.

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

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

Cambridge Bay ranks 6 by 2021 Census population among the covered places in Nunavut.

Cambridge Bay appears in the census record with 1,760 residents, and the density of 9.0 people per square kilometre follows from it.

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

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

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

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

Cambridge Bay sits at rank 6 within Nunavut in this data set, and the provincial rules apply as they do elsewhere.

At 1,760 residents in the 2021 Census, Cambridge Bay is listed alongside the other covered places in Nunavut.

Cambridge Bay is one of 25 covered Nunavut places, counted at 1,760 residents with a land area of 195.8 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.

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).

Nothing here is an offer, and no page on this site can tell anyone what a lender will decide.