Borrowing in Hazelbrook, Prince Edward Island

Hazelbrook is one of the Prince Edward Island communities covered here, with a 2021 Census population of 220, and borrowing there is licensed under Prince Edward Island's consumer credit rules.

How borrowing works locally

Provincial licensing decides who may lend, and federal rules add a ceiling where a licensed payday regime exists.

A payday advance is repaid on a pay date, while an instalment loan is repaid over a set number of payments. A secured product gives the lender a claim on a named asset, which is why its price is usually lower than an unsecured equivalent.

Products compared here

The product pages behind this city cover the following borrowing categories, among the 20 products compared nationally.

• 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.

The census figures for Hazelbrook

Statistics Canada's 2021 Census gives Hazelbrook a population of 220. Its land area is 8.1 square kilometres.

On those two figures, density is 27.2 residents per square kilometre when rounded to one decimal place.

Among covered Prince Edward Island places, Hazelbrook sits at rank 80 by population.

Hazelbrook is one of 91 places listed for Prince Edward Island, ranked 80 by population and measured at 8.1 square kilometres.

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.

Small places are covered the same way as large ones: census figures for the place, and the provincial position on lending.

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

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

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

Hazelbrook is one of 91 covered Prince Edward Island places, counted at 220 residents with a land area of 8.1 square kilometres.

Hazelbrook appears in the census record with 220 residents, and the density of 27.2 people per square kilometre follows from it.

The land area recorded for Hazelbrook is 8.1 square kilometres, and the population is 220 residents in the 2021 Census.

Hazelbrook ranks 80 by 2021 Census population among the covered places in Prince Edward Island.

The density figure for Hazelbrook, 27.2 people per square kilometre, is calculated from the population and land area above.

Hazelbrook sits at rank 80 within Prince Edward Island in this data set, and the provincial rules apply as they do elsewhere.

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

Where a figure for Hazelbrook 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.

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.

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