Borrowing in Borden, Prince Edward Island

This page covers borrowing in Borden, Prince Edward Island: the census facts, the provincial rules, and the products people compare.

The census figures for Borden

In the 2021 Census, Borden had 809 residents. Its land area is 54.1 square kilometres.

Population divided by land area produces a density of 15.0 people per square kilometre.

Its provincial population rank is 36 within this data set.

The place record for Borden covers 54.1 square kilometres and 809 residents, a density of 15.0 people per square kilometre.

The Prince Edward Island rules that apply

Consumer lending in Prince Edward Island is licensed provincially or territorially, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators where the current position appears.

Payday lending is licensed in Prince Edward Island; the federal Payday Lending Regulations (SOR/2024-114) publish a cap of $14 per $100 advanced, and notes that a province may set a lower figure.

Communities of this size are listed here with population, land area and density, and the lending rules remain provincial.

How borrowing works locally

A provincial regulator publishes licensing requirements, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators.

A lender may ask for proof of address, and a permanent address is a standard requirement for consumer credit. Disclosure requirements mean the cost of borrowing must be stated before an agreement is signed.

Products compared here

Each product below has its own page, and the Prince Edward Island position applies to all of them.

• Instalment loans: A fixed number of fixed payments, sized larger and longer than a payday advance.
• Secured loans: Borrowing against an asset, which lowers the price but puts the asset at risk if you default.

Borden appears in the census record with 809 residents, and the density of 15.0 people per square kilometre follows from it.

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

Borden ranks 36 by 2021 Census population among the covered places in Prince Edward Island.

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

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

The land area recorded for Borden is 54.1 square kilometres, and the population is 809 residents in the 2021 Census.

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

Borden is one of 91 covered Prince Edward Island places, counted at 809 residents with a land area of 54.1 square kilometres.

Borden sits at rank 36 within Prince Edward Island in this data set, and the provincial rules apply as they do elsewhere.

Nothing on the Borden 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.

The same structure is used for every place covered, so two communities can be compared field by field: population, land area, density, rank, and the provincial rules.