Borrowing in Pennfield, New Brunswick

Pennfield, New Brunswick, recorded a population of 2,222 in the 2021 Census; the rules that govern a loan signed there are provincial.

The census figures for Pennfield

The 2021 Census counted 2,222 residents in Pennfield. 363.8 square kilometres of land are attributed to Pennfield.

The calculated density is 6.1 people per square kilometre.

By population it ranks 64 among the New Brunswick places covered here.

Compared with the other 256 covered New Brunswick places, Pennfield ranks 64 by population.

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.

The federal payday lending regulations, SOR/2024-114, cap the cost of borrowing at $14 per $100 advanced in New Brunswick, which the federal Payday Lending Regulations (SOR/2024-114) list as a province that regulates the product.

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

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 revolving product charges interest on the outstanding balance, while an instalment product charges a fixed schedule of payments. A deposit or trade-in reduces the amount financed and therefore the interest charged over the term.

Products compared here

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

• Mortgage loans: Borrowing against residential property, including how a federally regulated lender tests the file.
• Debt relief programs: The formal and informal routes out of unmanageable debt in Canada, and who is licensed to run them.

Pennfield ranks 64 by 2021 Census population among the covered places in New Brunswick.

Pennfield appears in the census record with 2,222 residents, and the density of 6.1 people per square kilometre follows from it.

At 2,222 residents in the 2021 Census, Pennfield is listed alongside the other covered places in New Brunswick.

The density figure for Pennfield, 6.1 people per square kilometre, is calculated from the population and land area above.

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

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

Pennfield sits at rank 64 within New Brunswick in this data set, and the provincial rules apply as they do elsewhere.

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

Pennfield is one of 256 covered New Brunswick places, counted at 2,222 residents with a land area of 363.8 square kilometres.

The land area recorded for Pennfield is 363.8 square kilometres, and the population is 2,222 residents in the 2021 Census.

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

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).

Lending rules change, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators where the current position is confirmed.