Borrowing in Baine Harbour, Newfoundland and Labrador

A loan taken out in Baine Harbour is governed by Newfoundland and Labrador's licensing rules, and the 2021 Census counted 126 people in the community.

How borrowing works locally

Debt management plans are administered by accredited credit counsellors, and they are not loans.

Disclosure requirements mean the cost of borrowing must be stated before an agreement is signed. A lender is free to set its own price below the legal ceiling, and it does so according to the risk it reads in the file.

Products compared here

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

• Cash advance loans: Immediate short-term cash, including the difference between a cash advance on credit and a payday-style advance.
• Lines of credit: A revolving limit you draw on and repay, usually paying interest only on what is outstanding.

The census figures for Baine Harbour

In the 2021 Census, Baine Harbour had 126 residents. 4.2 square kilometres of land are attributed to Baine Harbour.

Dividing population by land area gives 30.4 residents per square kilometre, rounded to one decimal place.

Baine Harbour ranks 303 by population among the Newfoundland and Labrador places on this site.

Baine Harbour therefore appears at rank 303 of 322 covered Newfoundland and Labrador places, with a density of 30.4 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.

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

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

At 126 residents in the 2021 Census, Baine Harbour is listed alongside the other covered places in Newfoundland and Labrador.

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

Baine Harbour is one of 322 covered Newfoundland and Labrador places, counted at 126 residents with a land area of 4.2 square kilometres.

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

Baine Harbour sits at rank 303 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

The density figure for Baine Harbour, 30.4 people per square kilometre, is calculated from the population and land area above.

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

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

Baine Harbour ranks 303 by 2021 Census population among the covered places in Newfoundland and Labrador.

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

Baine Harbour appears in the census record with 126 residents, and the density of 30.4 people per square kilometre follows from it.

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.