Borrowing in Kensington, Part 2, Prince Edward Island

Kensington, Part 2 is one of the Prince Edward Island places covered here, with 549 residents recorded in the 2021 Census and the same provincial rulebook as the rest of the province.

The census figures for Kensington, Part 2

Population for Kensington, Part 2 stands at 549 in the 2021 Census. 51.3 square kilometres of land are attributed to Kensington, Part 2.

Dividing population by land area gives 10.7 residents per square kilometre, rounded to one decimal place.

Its provincial population rank is 48 within this data set.

Kensington, Part 2 is one of 91 places listed for Prince Edward Island, ranked 48 by population and measured at 51.3 square kilometres.

The Prince Edward Island rules that apply

Provincial or territorial law decides who may lend in Prince Edward Island, and the Financial Consumer Agency of Canada publishes the list that names the regulator responsible.

A payday advance in Prince Edward Island falls under a provincial licensing regime, and the cost of borrowing is capped at $14 per $100 advanced according to the federal Payday Lending Regulations (SOR/2024-114).

Places in the smallest population band are grouped here as small communities, and the pages carry the same census fields and the same provincial rules as the largest city.

How borrowing works locally

A broker arranges credit but does not lend, and the lender remains the party that makes the decision.

A payday advance is repaid on a pay date, while an instalment loan is repaid over a set number of payments. Provincial licensing decides who may lend, and federal rules add a ceiling where a licensed payday regime exists.

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.

• Bad credit loans: Borrowing when the credit file is damaged, and what changes about price and security as a result.
• Home equity loans: Converting property equity into credit, and the difference between a lump sum and a revolving limit.

Where a figure for Kensington, Part 2 could not be verified, the page names the publisher instead of printing a number.

The Kensington, Part 2 page follows the same structure as every other place page, with population, land area, density and rank.

Kensington, Part 2 is one of 91 covered Prince Edward Island places, counted at 549 residents with a land area of 51.3 square kilometres.

The density figure for Kensington, Part 2, 10.7 people per square kilometre, is calculated from the population and land area above.

Kensington, Part 2 sits at rank 48 within Prince Edward Island in this data set, and the provincial rules apply as they do elsewhere.

The land area recorded for Kensington, Part 2 is 51.3 square kilometres, and the population is 549 residents in the 2021 Census.

At 549 residents in the 2021 Census, Kensington, Part 2 is listed alongside the other covered places in Prince Edward Island.

For Kensington, Part 2, the two census fields above are the only local statistics used anywhere on the page.

Kensington, Part 2 ranks 48 by 2021 Census population among the covered places in Prince Edward Island.

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).

Compare the disclosure on any agreement against the provincial ceiling, and treat the census figures as the only local statistics on the page.