Borrowing in Cardigan, Prince Edward Island

Cardigan is one of the Prince Edward Island places covered here, with 125 residents recorded in the 2021 Census and the same provincial rulebook as the rest of the province.

The Prince Edward Island rules that apply

The regulator for consumer credit in Prince Edward Island is the body listed by the federal Payday Lending Regulations (SOR/2024-114) provincial and territorial regulators.

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.

The lowest band groups villages, rural municipalities and small towns, all read against the same provincial rulebook.

The census figures for Cardigan

In the 2021 Census, Cardigan had 125 residents. Statistics Canada lists 50.2 square kilometres of land for the community.

The arithmetic gives 2.5 people per square kilometre.

Among covered Prince Edward Island places, Cardigan sits at rank 91 by population.

Compared with the other 91 covered Prince Edward Island places, Cardigan ranks 91 by population.

Products compared here

These are two of the 20 products described on the site, and each has a national page as well as the provincial rules.

• No credit check loans: What lenders who advertise without a credit check actually look at instead, and where the cost goes.
• Mortgage refinancing: Replacing an existing mortgage to change the rate, the term or the amount borrowed, and what it costs.

How borrowing works locally

A shorter term raises each payment and lowers the total interest, which is the trade every schedule makes.

A broker arranges credit but does not lend, and the lender remains the party that makes the decision. Payment history is reported to credit agencies, and that record is what builds or damages a credit file over time.

Cardigan ranks 91 by 2021 Census population among the covered places in Prince Edward Island.

The density figure for Cardigan, 2.5 people per square kilometre, is calculated from the population and land area above.

The land area recorded for Cardigan is 50.2 square kilometres, and the population is 125 residents in the 2021 Census.

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

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

At 125 residents in the 2021 Census, Cardigan is listed alongside the other covered places in Prince Edward Island.

Cardigan appears in the census record with 125 residents, and the density of 2.5 people per square kilometre follows from it.

Cardigan is one of 91 covered Prince Edward Island places, counted at 125 residents with a land area of 50.2 square kilometres.

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

Cardigan sits at rank 91 within Prince Edward Island in this data set, and the provincial rules apply as they do elsewhere.

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

Nothing on the Cardigan 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.

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).

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