Borrowing in Naujaat, Nunavut

With 1,225 residents counted in the 2021 Census, Naujaat sits inside Nunavut's provincial lending framework.

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.

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 revolving product charges interest on the outstanding balance, while an instalment product charges a fixed schedule of payments.

A credit file is compiled by private agencies from information lenders and other creditors report. A provincial regulator publishes licensing requirements, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators.

The census figures for Naujaat

1,225 people were counted in Naujaat in the 2021 Census. The census records a land area of 406.2 square kilometres for Naujaat.

Population divided by land area produces a density of 3.0 people per square kilometre.

The community is the 12th largest place in the province within this census set.

The place record for Naujaat covers 406.2 square kilometres and 1,225 residents, a density of 3.0 people per square kilometre.

Products compared here

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

• 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.

Naujaat appears in the census record with 1,225 residents, and the density of 3.0 people per square kilometre follows from it.

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

At 1,225 residents in the 2021 Census, Naujaat is listed alongside the other covered places in Nunavut.

Naujaat is one of 25 covered Nunavut places, counted at 1,225 residents with a land area of 406.2 square kilometres.

The density figure for Naujaat, 3.0 people per square kilometre, is calculated from the population and land area above.

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

Naujaat ranks 12 by 2021 Census population among the covered places in Nunavut.

The land area recorded for Naujaat is 406.2 square kilometres, and the population is 1,225 residents in the 2021 Census.

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

Naujaat sits at rank 12 within Nunavut in this data set, and the provincial rules apply as they do elsewhere.

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

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.