Borrowing in Miminegash, Prince Edward Island

Miminegash is one of the Prince Edward Island communities covered here, with a 2021 Census population of 148, and borrowing there is licensed under Prince Edward Island's consumer credit rules.

The census figures for Miminegash

Statistics Canada's 2021 Census gives Miminegash a population of 148. 1.9 square kilometres of land are attributed to Miminegash.

Population divided by land area produces a density of 78.7 people per square kilometre.

Its provincial population rank is 88 within this data set.

Within Prince Edward Island, Miminegash is place number 88 by population in this census set, at 148 residents.

Products compared here

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

• Lines of credit: A revolving limit you draw on and repay, usually paying interest only on what is outstanding.
• Home renovation loans: Paying for work on a property, from a small unsecured instalment loan to a secured renovation product.

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.

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).

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

How borrowing works locally

A revolving product charges interest on the outstanding balance, while an instalment product charges a fixed schedule of payments.

A shorter term raises each payment and lowers the total interest, which is the trade every schedule makes. Interest on a line of credit accrues only on the drawn portion, not on the unused limit.

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

Miminegash is one of 91 covered Prince Edward Island places, counted at 148 residents with a land area of 1.9 square kilometres.

The density figure for Miminegash, 78.7 people per square kilometre, is calculated from the population and land area above.

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

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

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

At 148 residents in the 2021 Census, Miminegash is listed alongside the other covered places in Prince Edward Island.

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

The land area recorded for Miminegash is 1.9 square kilometres, and the population is 148 residents in the 2021 Census.

Miminegash appears in the census record with 148 residents, and the density of 78.7 people per square kilometre follows from it.

Miminegash sits at rank 88 within Prince Edward Island in this data set, and the provincial rules apply as they do elsewhere.

Miminegash ranks 88 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.

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.