Borrowing in Souris, Prince Edward Island

Souris is one of the Prince Edward Island places covered here, with 1,766 residents recorded in the 2021 Census and the same provincial rulebook as the rest of the province.

The census figures for Souris

The 2021 Census counted 1,766 residents in Souris. Its land area is 272.6 square kilometres.

Population divided by land area produces a density of 6.5 people per square kilometre.

Its provincial population rank is 18 within this data set.

Within Prince Edward Island, Souris is place number 18 by population in this census set, at 1,766 residents.

The Prince Edward Island rules that apply

Licensing for consumer credit in Prince Edward Island sits with the province or territory, and the Financial Consumer Agency of Canada maintains the public list of provincial and territorial regulators.

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).

At the small end of the census range, the community still borrows inside the province's licensing system.

How borrowing works locally

Payment history is reported to credit agencies, and that record is what builds or damages a credit file over time.

Joint applications combine two incomes and two sets of obligations in the same assessment. A lender's assessment looks at income, existing obligations, the credit file, and the asset pledged where there is one.

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.

• Business lines of credit: A revolving operating limit for a business, and why it behaves differently from a term loan.
• Collateral loans: Borrowing against an asset a lender will hold, from vehicles to savings, and what happens on default.

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

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

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

Souris ranks 18 by 2021 Census population among the covered places in Prince Edward Island.

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

The land area recorded for Souris is 272.6 square kilometres, and the population is 1,766 residents in the 2021 Census.

At 1,766 residents in the 2021 Census, Souris is listed alongside the other covered places in Prince Edward Island.

Souris is one of 91 covered Prince Edward Island places, counted at 1,766 residents with a land area of 272.6 square kilometres.

Souris sits at rank 18 within Prince Edward Island in this data set, and the provincial rules apply as they do elsewhere.

The density figure for Souris, 6.5 people per square kilometre, is calculated from the population and land area above.

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

Souris appears in the census record with 1,766 residents, and the density of 6.5 people per square kilometre follows from it.

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.