Borrowing in Chipman, New Brunswick

Chipman is one of the New Brunswick communities covered here, with a 2021 Census population of 1,201, and borrowing there is licensed under New Brunswick's consumer credit rules.

The New Brunswick rules that apply

Consumer credit in New Brunswick is licensed by the provincial or territorial regulator, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators.

The federal Payday Lending Regulations (SOR/2024-114) count New Brunswick among the provinces with payday lending rules, where the published maximum cost of borrowing is $14 per $100 advanced under SOR/2024-114.

Small places are covered the same way as large ones: census figures for the place, and the provincial position on lending.

How borrowing works locally

Disclosure requirements mean the cost of borrowing must be stated before an agreement is signed.

A broker arranges credit but does not lend, and the lender remains the party that makes the decision. A deposit or trade-in reduces the amount financed and therefore the interest charged over the term.

The census figures for Chipman

Chipman recorded a population of 1,201 in Statistics Canada's 2021 Census of Population. 19.0 square kilometres of land are attributed to Chipman.

The calculated density is 63.2 people per square kilometre.

Among covered New Brunswick places, Chipman sits at rank 129 by population.

The place record for Chipman covers 19.0 square kilometres and 1,201 residents, a density of 63.2 people per square kilometre.

Products compared here

The site describes 20 products in total; the two below are representative of the range.

• Car loans: Financing a vehicle, including the effect of trade-in equity, negative equity and dealer-arranged credit.
• Debt consolidation loans: Replacing several expensive debts with one payment, and the arithmetic that decides whether it helps.

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

At 1,201 residents in the 2021 Census, Chipman is listed alongside the other covered places in New Brunswick.

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

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

Chipman ranks 129 by 2021 Census population among the covered places in New Brunswick.

The land area recorded for Chipman is 19.0 square kilometres, and the population is 1,201 residents in the 2021 Census.

Chipman is one of 256 covered New Brunswick places, counted at 1,201 residents with a land area of 19.0 square kilometres.

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

Chipman appears in the census record with 1,201 residents, and the density of 63.2 people per square kilometre follows from it.

Chipman sits at rank 129 within New Brunswick in this data set, and the provincial rules apply as they do elsewhere.

The density figure for Chipman, 63.2 people per square kilometre, is calculated from the population and land area above.

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

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.