Borrowing in Coverdale, New Brunswick

Coverdale is one of the New Brunswick communities covered here, with a 2021 Census population of 4,766, and borrowing there is licensed under New Brunswick's consumer credit rules.

The New Brunswick rules that apply

Consumer lending in New Brunswick is licensed provincially or territorially, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators where the current position appears.

In New Brunswick, payday lending operates under a licensed provincial regime, and the federal Payday Lending Regulations (SOR/2024-114) record a maximum cost of borrowing of $14 for each $100 advanced under SOR/2024-114.

At the small end of the census range, the community still borrows inside the province's licensing system.

The census figures for Coverdale

Statistics Canada's 2021 Census gives Coverdale a population of 4,766. Land area for Coverdale is 236.0 square kilometres in the same census.

The calculated density is 20.2 people per square kilometre.

The community is the 29th largest place in the province within this census set.

Compared with the other 256 covered New Brunswick places, Coverdale ranks 29 by population.

Products compared here

Each product below has its own page, and the New Brunswick position applies to all of them.

• Debt relief programs: The formal and informal routes out of unmanageable debt in Canada, and who is licensed to run them.
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How borrowing works locally

Payment history is reported to credit agencies, and that record is what builds or damages a credit file over time.

A credit file is compiled by private agencies from information lenders and other creditors report. Debt management plans are administered by accredited credit counsellors, and they are not loans.

Coverdale is one of 256 covered New Brunswick places, counted at 4,766 residents with a land area of 236.0 square kilometres.

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

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

At 4,766 residents in the 2021 Census, Coverdale is listed alongside the other covered places in New Brunswick.

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

Coverdale ranks 29 by 2021 Census population among the covered places in New Brunswick.

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

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

The density figure for Coverdale, 20.2 people per square kilometre, is calculated from the population and land area above.

The land area recorded for Coverdale is 236.0 square kilometres, and the population is 4,766 residents in the 2021 Census.

Coverdale sits at rank 29 within New Brunswick in this data set, and the provincial rules apply as they do elsewhere.

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).

The same structure is used for every place covered, so two communities can be compared field by field: population, land area, density, rank, and the provincial rules.