Borrowing in Aroostook, New Brunswick

Aroostook is one of the New Brunswick places covered here, with 313 residents recorded in the 2021 Census and the same provincial rulebook as the rest of the province.

The New Brunswick rules that apply

Licensing for consumer credit in New Brunswick 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 New Brunswick 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).

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

The census figures for Aroostook

Statistics Canada's 2021 Census gives Aroostook a population of 313. Its land area is 2.2 square kilometres.

On those two figures, density is 140.4 residents per square kilometre when rounded to one decimal place.

Aroostook ranks 239 by population among the New Brunswick places on this site.

Compared with the other 256 covered New Brunswick places, Aroostook ranks 239 by population.

Products compared here

Among the 20 products compared here, these two are commonly used for the purposes described.

• Business loans: Commercial borrowing, what lenders read in a business file, and how the assessment differs from personal credit.
• Instalment loans: A fixed number of fixed payments, sized larger and longer than a payday advance.

How borrowing works locally

A longer amortisation lowers each payment and raises the total interest paid over the life of the loan.

A mortgage is registered against the property, which is what gives the lender its claim. A deposit or trade-in reduces the amount financed and therefore the interest charged over the term.

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

At 313 residents in the 2021 Census, Aroostook is listed alongside the other covered places in New Brunswick.

The land area recorded for Aroostook is 2.2 square kilometres, and the population is 313 residents in the 2021 Census.

The density figure for Aroostook, 140.4 people per square kilometre, is calculated from the population and land area above.

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

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

Aroostook appears in the census record with 313 residents, and the density of 140.4 people per square kilometre follows from it.

Aroostook is one of 256 covered New Brunswick places, counted at 313 residents with a land area of 2.2 square kilometres.

Aroostook ranks 239 by 2021 Census population among the covered places in New Brunswick.

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

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

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.