Borrowing in Coral Harbour, Nunavut

Coral Harbour is one of the Nunavut communities covered here, with a 2021 Census population of 1,035, and borrowing there is licensed under Nunavut's consumer credit rules.

The Nunavut rules that apply

Provincial or territorial law decides who may lend in Nunavut, and the Financial Consumer Agency of Canada publishes the list that names the regulator responsible.

Payday lending in Nunavut is not covered by a territory-specific rule, according to the federal Payday Lending Regulations (SOR/2024-114), so the applicable cap should be confirmed with the territorial regulator.

The lowest band groups villages, rural municipalities and small towns, all read against the same provincial rulebook.

The census figures for Coral Harbour

Population for Coral Harbour stands at 1,035 in the 2021 Census. The community covers 126.4 square kilometres of land.

Population divided by land area produces a density of 8.2 people per square kilometre.

Its provincial population rank is 14 within this data set.

Coral Harbour therefore appears at rank 14 of 25 covered Nunavut places, with a density of 8.2 people per square kilometre.

Products compared here

These are two of the 20 products described on the site, and each has a national page as well as the provincial rules.

• Instalment loans: A fixed number of fixed payments, sized larger and longer than a payday advance.
• Secured loans: Borrowing against an asset, which lowers the price but puts the asset at risk if you default.

How borrowing works locally

Adding a co-signer puts a second file in front of the lender and adds a second person to the obligation.

A secured product gives the lender a claim on a named asset, which is why its price is usually lower than an unsecured equivalent. A consumer proposal or a bankruptcy is administered by a licensed insolvency trustee rather than by a lender.

Coral Harbour is one of 25 covered Nunavut places, counted at 1,035 residents with a land area of 126.4 square kilometres.

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

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

The land area recorded for Coral Harbour is 126.4 square kilometres, and the population is 1,035 residents in the 2021 Census.

Coral Harbour appears in the census record with 1,035 residents, and the density of 8.2 people per square kilometre follows from it.

At 1,035 residents in the 2021 Census, Coral Harbour is listed alongside the other covered places in Nunavut.

Coral Harbour sits at rank 14 within Nunavut in this data set, and the provincial rules apply as they do elsewhere.

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

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

The density figure for Coral Harbour, 8.2 people per square kilometre, is calculated from the population and land area above.

Coral Harbour ranks 14 by 2021 Census population among the covered places in Nunavut.

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.

Compare the disclosure on any agreement against the provincial ceiling, and treat the census figures as the only local statistics on the page.