Borrowing in Pangnirtung, Nunavut

Pangnirtung is one of the Nunavut communities covered here, with a 2021 Census population of 1,504, and borrowing there is licensed under Nunavut's consumer credit rules.

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.

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

This is a small community by population, inside the lowest band used on this site, and the provincial framework applies without variation.

The census figures for Pangnirtung

Statistics Canada's 2021 Census gives Pangnirtung a population of 1,504. Its land area is 8.0 square kilometres.

The arithmetic gives 188.5 people per square kilometre.

Its provincial population rank is 8 within this data set.

Pangnirtung therefore appears at rank 8 of 25 covered Nunavut places, with a density of 188.5 people per square kilometre.

Products compared here

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

• Debt consolidation loans: Replacing several expensive debts with one payment, and the arithmetic that decides whether it helps.
• Personal loans: A fixed sum repaid on a schedule, usually unsecured, for almost any purpose a lender will accept.

How borrowing works locally

Interest on a line of credit accrues only on the drawn portion, not on the unused limit.

A mortgage is registered against the property, which is what gives the lender its claim. A payday advance is repaid on a pay date, while an instalment loan is repaid over a set number of payments.

Pangnirtung sits at rank 8 within Nunavut in this data set, and the provincial rules apply as they do elsewhere.

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

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

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

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

At 1,504 residents in the 2021 Census, Pangnirtung is listed alongside the other covered places in Nunavut.

Pangnirtung appears in the census record with 1,504 residents, and the density of 188.5 people per square kilometre follows from it.

Pangnirtung ranks 8 by 2021 Census population among the covered places in Nunavut.

The land area recorded for Pangnirtung is 8.0 square kilometres, and the population is 1,504 residents in the 2021 Census.

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

Pangnirtung is one of 25 covered Nunavut places, counted at 1,504 residents with a land area of 8.0 square kilometres.

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.

Lending rules change, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators where the current position is confirmed.