Borrowing in Igloolik, Nunavut

This page covers borrowing in Igloolik, Nunavut: the census facts, the provincial rules, and the products people compare.

The census figures for Igloolik

In the 2021 Census, Igloolik had 2,049 residents. Land area for Igloolik is 104.9 square kilometres in the same census.

Dividing population by land area gives 19.5 residents per square kilometre, rounded to one decimal place.

Its provincial population rank is 5 within this data set.

Igloolik is one of 25 places listed for Nunavut, ranked 5 by population and measured at 104.9 square kilometres.

Products compared here

Among the 20 products compared here, these two are commonly used for the purposes described.

• Personal loans: A fixed sum repaid on a schedule, usually unsecured, for almost any purpose a lender will accept.
• Mortgage loans: Borrowing against residential property, including how a federally regulated lender tests the file.

The Nunavut rules that apply

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

For Nunavut, the federal Payday Lending Regulations (SOR/2024-114) publish no payday cost-of-borrowing cap because the territories have no specific rules for the product.

At the small end of the census range, the community still borrows inside the province's licensing system.

How borrowing works locally

Joint applications combine two incomes and two sets of obligations in the same assessment.

An application usually asks for identification, income evidence, banking details and a statement of obligations. A deposit or trade-in reduces the amount financed and therefore the interest charged over the term.

Igloolik ranks 5 by 2021 Census population among the covered places in Nunavut.

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

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

At 2,049 residents in the 2021 Census, Igloolik is listed alongside the other covered places in Nunavut.

Igloolik sits at rank 5 within Nunavut in this data set, and the provincial rules apply as they do elsewhere.

Igloolik is one of 25 covered Nunavut places, counted at 2,049 residents with a land area of 104.9 square kilometres.

Igloolik appears in the census record with 2,049 residents, and the density of 19.5 people per square kilometre follows from it.

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

The land area recorded for Igloolik is 104.9 square kilometres, and the population is 2,049 residents in the 2021 Census.

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

The density figure for Igloolik, 19.5 people per square kilometre, is calculated from the population and land area above.

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.

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