Borrowing in Tyne Valley, Prince Edward Island

This page covers borrowing in Tyne Valley, Prince Edward Island: the census facts, the provincial rules, and the products people compare.

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.

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

An application usually asks for identification, income evidence, banking details and a statement of obligations.

A mortgage is registered against the property, which is what gives the lender its claim. A consumer proposal or a bankruptcy is administered by a licensed insolvency trustee rather than by a lender.

The census figures for Tyne Valley

Population for Tyne Valley stands at 669 in the 2021 Census. Land area for Tyne Valley is 87.6 square kilometres in the same census.

The arithmetic gives 7.6 people per square kilometre.

Tyne Valley ranks 41 by population among the Prince Edward Island places on this site.

Within Prince Edward Island, Tyne Valley is place number 41 by population in this census set, at 669 residents.

Products compared here

Two of the 20 covered products appear below, each with the purpose the product is designed for.

• Payday loans: Small, short-term advances against a pay date, the most tightly regulated product in Canadian consumer credit.
• No credit check loans: What lenders who advertise without a credit check actually look at instead, and where the cost goes.

Tyne Valley appears in the census record with 669 residents, and the density of 7.6 people per square kilometre follows from it.

Tyne Valley sits at rank 41 within Prince Edward Island in this data set, and the provincial rules apply as they do elsewhere.

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

The land area recorded for Tyne Valley is 87.6 square kilometres, and the population is 669 residents in the 2021 Census.

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

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

The density figure for Tyne Valley, 7.6 people per square kilometre, is calculated from the population and land area above.

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

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

Tyne Valley is one of 91 covered Prince Edward Island places, counted at 669 residents with a land area of 87.6 square kilometres.

At 669 residents in the 2021 Census, Tyne Valley is listed alongside the other 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).

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