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Borrowing in Kingston, Prince Edward Island

How borrowing works in Kingston, Prince Edward Island, where the 2021 Census counted 1,111 residents.

Province Prince Edward Island (PE)
Population, 2021 Census 1,111
Land area 48.4 km²
Provincial regulator See the FCAC list

Kingston, Prince Edward Island, recorded a population of 1,111 in the 2021 Census; the rules that govern a loan signed there are provincial.

The census figures for Kingston

Kingston recorded a population of 1,111 in Statistics Canada's 2021 Census of Population. The community covers 48.4 square kilometres of land.

On those two figures, density is 23.0 residents per square kilometre when rounded to one decimal place.

Kingston ranks 30 by population among the Prince Edward Island places on this site.

Within Prince Edward Island, Kingston is place number 30 by population in this census set, at 1,111 residents.

The Prince Edward Island rules that apply

The body that licenses consumer lending in Prince Edward Island is the regulator named on the federal Payday Lending Regulations (SOR/2024-114)'s list of 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.

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

How borrowing works locally

Disclosure requirements mean the cost of borrowing must be stated before an agreement is signed.

A consumer proposal or a bankruptcy is administered by a licensed insolvency trustee rather than by a lender. A longer amortisation lowers each payment and raises the total interest paid over the life of the loan.

Products compared here

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

  • Business loans: Commercial borrowing, what lenders read in a business file, and how the assessment differs from personal credit.
  • Instalment loans: A fixed number of fixed payments, sized larger and longer than a payday advance.

Kingston appears in the census record with 1,111 residents, and the density of 23.0 people per square kilometre follows from it.

Kingston ranks 30 by 2021 Census population among the covered places in Prince Edward Island.

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

Kingston sits at rank 30 within Prince Edward Island in this data set, and the provincial rules apply as they do elsewhere.

The land area recorded for Kingston is 48.4 square kilometres, and the population is 1,111 residents in the 2021 Census.

The density figure for Kingston, 23.0 people per square kilometre, is calculated from the population and land area above.

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

Kingston is one of 91 covered Prince Edward Island places, counted at 1,111 residents with a land area of 48.4 square kilometres.

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

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

At 1,111 residents in the 2021 Census, Kingston is listed alongside the other covered places in Prince Edward Island.

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

loanmoose.ca is not a lender and does not make credit decisions. The lowest rates are only available to the most qualified applicants.

Population and land area figures come from Statistics Canada's 2021 Census of Population; regulatory statements are attributed to 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.

Population and land area: Statistics Canada, Census of Population 2021, table 98-10-0002.

Borrowing in Kingston

Personal loans A fixed sum repaid on a schedule, usually unsecured, for almost any purpose a lender will accept. Bad credit loans Borrowing when the credit file is damaged, and what changes about price and security as a result. No credit check loans What lenders who advertise without a credit check actually look at instead, and where the cost goes. Lines of credit A revolving limit you draw on and repay, usually paying interest only on what is outstanding. Unsecured loans Borrowing with no asset pledged, priced for the risk the lender is taking on your file alone. Secured loans Borrowing against an asset, which lowers the price but puts the asset at risk if you default. Car loans Financing a vehicle, including the effect of trade-in equity, negative equity and dealer-arranged credit. Mortgage loans Borrowing against residential property, including how a federally regulated lender tests the file. Home equity loans Converting property equity into credit, and the difference between a lump sum and a revolving limit. Mortgage refinancing Replacing an existing mortgage to change the rate, the term or the amount borrowed, and what it costs. Home renovation loans Paying for work on a property, from a small unsecured instalment loan to a secured renovation product. Business loans Commercial borrowing, what lenders read in a business file, and how the assessment differs from personal credit. Business lines of credit A revolving operating limit for a business, and why it behaves differently from a term loan. Debt consolidation loans Replacing several expensive debts with one payment, and the arithmetic that decides whether it helps. Debt relief programs The formal and informal routes out of unmanageable debt in Canada, and who is licensed to run them. Payday loans Small, short-term advances against a pay date, the most tightly regulated product in Canadian consumer credit. Cash advance loans Immediate short-term cash, including the difference between a cash advance on credit and a payday-style advance. Emergency loans Money for an urgent expense, and the order in which a sensible borrower works through the options. Instalment loans A fixed number of fixed payments, sized larger and longer than a payday advance. Collateral loans Borrowing against an asset a lender will hold, from vehicles to savings, and what happens on default.

Nearby places

Charlottetown 38,809 Summerside 16,001 Stratford 10,927 Three Rivers 7,883 Cornwall 6,574 New Glasgow 4,277

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