Borrowing in Kimmirut, Nunavut

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

Products compared here

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

• Unsecured loans: Borrowing with no asset pledged, priced for the risk the lender is taking on your file alone.
• Business loans: Commercial borrowing, what lenders read in a business file, and how the assessment differs from personal credit.

How borrowing works locally

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 lender is free to set its own price below the legal ceiling, and it does so according to the risk it reads in the file. A mortgage is registered against the property, which is what gives the lender its claim.

The Nunavut rules that apply

The body that licenses consumer lending in Nunavut is the regulator named on the federal Payday Lending Regulations (SOR/2024-114)'s list of provincial and territorial regulators.

No territorial payday cap is published for Nunavut; the federal Payday Lending Regulations (SOR/2024-114) confirm that the territories have no specific payday lending rules, and the limit should be confirmed with the regulator.

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.

The census figures for Kimmirut

426 people were counted in Kimmirut in the 2021 Census. Statistics Canada lists 2.3 square kilometres of land for the community.

On those two figures, density is 185.2 residents per square kilometre when rounded to one decimal place.

Its provincial population rank is 22 within this data set.

Within Nunavut, Kimmirut is place number 22 by population in this census set, at 426 residents.

Kimmirut appears in the census record with 426 residents, and the density of 185.2 people per square kilometre follows from it.

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

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

The density figure for Kimmirut, 185.2 people per square kilometre, is calculated from the population and land area above.

Kimmirut sits at rank 22 within Nunavut in this data set, and the provincial rules apply as they do elsewhere.

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

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

At 426 residents in the 2021 Census, Kimmirut is listed alongside the other covered places in Nunavut.

Kimmirut is one of 25 covered Nunavut places, counted at 426 residents with a land area of 2.3 square kilometres.

The land area recorded for Kimmirut is 2.3 square kilometres, and the population is 426 residents in the 2021 Census.

Kimmirut ranks 22 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.

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).

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