Borrowing in Wellington, Prince Edward Island

Wellington, Prince Edward Island, recorded a population of 1,811 in the 2021 Census; the rules that govern a loan signed there are provincial.

The census figures for Wellington

Population for Wellington stands at 1,811 in the 2021 Census. 172.1 square kilometres of land are attributed to Wellington.

Dividing population by land area gives 10.5 residents per square kilometre, rounded to one decimal place.

Wellington ranks 16 by population among the Prince Edward Island places on this site.

Within Prince Edward Island, Wellington is place number 16 by population in this census set, at 1,811 residents.

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.

The Prince Edward Island rules that apply

Provincial or territorial law decides who may lend in Prince Edward Island, and the Financial Consumer Agency of Canada publishes the list that names the regulator responsible.

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

A deposit or trade-in reduces the amount financed and therefore the interest charged over the term.

Provincial licensing decides who may lend, and federal rules add a ceiling where a licensed payday regime exists. A lender is free to set its own price below the legal ceiling, and it does so according to the risk it reads in the file.

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

Wellington appears in the census record with 1,811 residents, and the density of 10.5 people per square kilometre follows from it.

Wellington is one of 91 covered Prince Edward Island places, counted at 1,811 residents with a land area of 172.1 square kilometres.

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

At 1,811 residents in the 2021 Census, Wellington is listed alongside the other covered places in Prince Edward Island.

The density figure for Wellington, 10.5 people per square kilometre, is calculated from the population and land area above.

Wellington sits at rank 16 within Prince Edward Island in this data set, and the provincial rules apply as they do elsewhere.

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

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

The land area recorded for Wellington is 172.1 square kilometres, and the population is 1,811 residents in the 2021 Census.

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

Wellington ranks 16 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.

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).

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