Borrowing in Grand Manan, New Brunswick

With 2,595 residents counted in the 2021 Census, Grand Manan sits inside New Brunswick's provincial lending framework.

Products compared here

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

• Emergency loans: Money for an urgent expense, and the order in which a sensible borrower works through the options.
• Unsecured loans: Borrowing with no asset pledged, priced for the risk the lender is taking on your file alone.

How borrowing works locally

A consumer proposal or a bankruptcy is administered by a licensed insolvency trustee rather than by a lender.

A mortgage is registered against the property, which is what gives the lender its claim. A revolving product charges interest on the outstanding balance, while an instalment product charges a fixed schedule of payments.

The New Brunswick rules that apply

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

The federal Payday Lending Regulations (SOR/2024-114) list New Brunswick among the provinces that regulate payday lending, where the federal Payday Lending Regulations (SOR/2024-114) cap the cost of borrowing at $14 per $100 advanced.

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

The census figures for Grand Manan

Statistics Canada's 2021 Census gives Grand Manan a population of 2,595. Statistics Canada lists 150.6 square kilometres of land for the community.

On those two figures, density is 17.2 residents per square kilometre when rounded to one decimal place.

Its provincial population rank is 55 within this data set.

Grand Manan therefore appears at rank 55 of 256 covered New Brunswick places, with a density of 17.2 people per square kilometre.

Grand Manan appears in the census record with 2,595 residents, and the density of 17.2 people per square kilometre follows from it.

Grand Manan ranks 55 by 2021 Census population among the covered places in New Brunswick.

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

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

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

Grand Manan is one of 256 covered New Brunswick places, counted at 2,595 residents with a land area of 150.6 square kilometres.

Grand Manan sits at rank 55 within New Brunswick in this data set, and the provincial rules apply as they do elsewhere.

The density figure for Grand Manan, 17.2 people per square kilometre, is calculated from the population and land area above.

The land area recorded for Grand Manan is 150.6 square kilometres, and the population is 2,595 residents in the 2021 Census.

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

At 2,595 residents in the 2021 Census, Grand Manan is listed alongside the other covered places in New Brunswick.

Readers comparing Grand Manan 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.

The 2021 Census of Population published by Statistics Canada is the source for population and land area; the federal Payday Lending Regulations (SOR/2024-114) are the source for payday rules.

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.