Borrowing in Victoria, Prince Edward Island

Victoria is one of the Prince Edward Island communities covered here, with a 2021 Census population of 139, and borrowing there is licensed under Prince Edward Island's consumer credit rules.

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.

The federal payday lending regulations, SOR/2024-114, cap the cost of borrowing at $14 per $100 advanced in Prince Edward Island, which the federal Payday Lending Regulations (SOR/2024-114) list as a province that regulates the product.

Communities of this size are listed here with population, land area and density, and the lending rules remain provincial.

How borrowing works locally

A lender may ask for proof of address, and a permanent address is a standard requirement for consumer credit.

A secured product gives the lender a claim on a named asset, which is why its price is usually lower than an unsecured equivalent. Adding a co-signer puts a second file in front of the lender and adds a second person to the obligation.

The census figures for Victoria

The 2021 Census counted 139 residents in Victoria. The community covers 1.4 square kilometres of land.

The calculated density is 96.5 people per square kilometre.

Among covered Prince Edward Island places, Victoria sits at rank 89 by population.

Victoria therefore appears at rank 89 of 91 covered Prince Edward Island places, with a density of 96.5 people per square kilometre.

Products compared here

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

• Debt relief programs: The formal and informal routes out of unmanageable debt in Canada, and who is licensed to run them.
• Bad credit loans: Borrowing when the credit file is damaged, and what changes about price and security as a result.

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

The land area recorded for Victoria is 1.4 square kilometres, and the population is 139 residents in the 2021 Census.

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

Victoria is one of 91 covered Prince Edward Island places, counted at 139 residents with a land area of 1.4 square kilometres.

At 139 residents in the 2021 Census, Victoria is listed alongside the other covered places in Prince Edward Island.

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

Victoria appears in the census record with 139 residents, and the density of 96.5 people per square kilometre follows from it.

Victoria ranks 89 by 2021 Census population among the covered places in Prince Edward Island.

The density figure for Victoria, 96.5 people per square kilometre, is calculated from the population and land area above.

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

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

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.

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