Borrowing in Baie Verte, Newfoundland and Labrador

Baie Verte is one of the Newfoundland and Labrador places covered here, with 1,311 residents recorded in the 2021 Census and the same provincial rulebook as the rest of the province.

How borrowing works locally

A broker arranges credit but does not lend, and the lender remains the party that makes the decision.

A consumer proposal or a bankruptcy is administered by a licensed insolvency trustee rather than by a lender. A prepayment privilege allows a borrower to pay more than the scheduled amount, sometimes with a charge attached.

Products compared here

Two of the 20 covered products appear below, each with the purpose the product is designed for.

• 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.

The census figures for Baie Verte

Baie Verte recorded a population of 1,311 in Statistics Canada's 2021 Census of Population. 371.4 square kilometres of land are attributed to Baie Verte.

That gives a density of 3.5 people per square kilometre, rounded to one decimal place.

By population it ranks 63 among the Newfoundland and Labrador places covered here.

Baie Verte therefore appears at rank 63 of 322 covered Newfoundland and Labrador places, with a density of 3.5 people per square kilometre.

The Newfoundland and Labrador rules that apply

Consumer lending in Newfoundland and Labrador 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 Newfoundland and Labrador, 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.

This is a small community by population, inside the lowest band used on this site, and the provincial framework applies without variation.

Baie Verte is one of 322 covered Newfoundland and Labrador places, counted at 1,311 residents with a land area of 371.4 square kilometres.

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

At 1,311 residents in the 2021 Census, Baie Verte is listed alongside the other covered places in Newfoundland and Labrador.

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

The density figure for Baie Verte, 3.5 people per square kilometre, is calculated from the population and land area above.

Baie Verte sits at rank 63 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

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

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

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

Baie Verte appears in the census record with 1,311 residents, and the density of 3.5 people per square kilometre follows from it.

The land area recorded for Baie Verte is 371.4 square kilometres, and the population is 1,311 residents in the 2021 Census.

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.