Borrowing in Kugaaruk, Nunavut

With 1,033 residents counted in the 2021 Census, Kugaaruk sits inside Nunavut's provincial lending framework.

How borrowing works locally

Disclosure requirements mean the cost of borrowing must be stated before an agreement is signed.

Variable-rate products move with a reference rate, while fixed-rate products set the price for a defined term. A credit file is compiled by private agencies from information lenders and other creditors report.

Products compared here

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

• 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.

The census figures for Kugaaruk

The 2021 Census counted 1,033 residents in Kugaaruk. Statistics Canada lists 5.1 square kilometres of land for the community.

That gives a density of 204.2 people per square kilometre, rounded to one decimal place.

By population it ranks 15 among the Nunavut places covered here.

Within Nunavut, Kugaaruk is place number 15 by population in this census set, at 1,033 residents.

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.

In Nunavut, the federal Payday Lending Regulations (SOR/2024-114) record no territory-specific payday rules, and no cost-of-borrowing cap is published for the territory.

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

At 1,033 residents in the 2021 Census, Kugaaruk is listed alongside the other covered places in Nunavut.

Kugaaruk sits at rank 15 within Nunavut in this data set, and the provincial rules apply as they do elsewhere.

The density figure for Kugaaruk, 204.2 people per square kilometre, is calculated from the population and land area above.

Kugaaruk ranks 15 by 2021 Census population among the covered places in Nunavut.

Kugaaruk appears in the census record with 1,033 residents, and the density of 204.2 people per square kilometre follows from it.

Kugaaruk is one of 25 covered Nunavut places, counted at 1,033 residents with a land area of 5.1 square kilometres.

The land area recorded for Kugaaruk is 5.1 square kilometres, and the population is 1,033 residents in the 2021 Census.

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

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

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

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

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).

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