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Borrowing in Bay de Verde, Newfoundland and Labrador

A guide to borrowing in Bay de Verde, Newfoundland and Labrador, with the 2021 Census population of 347 and the provincial rules that apply locally.

Province Newfoundland and Labrador (NL)
Population, 2021 Census 347
Land area 13.2 km²
Provincial regulator See the FCAC list

Bay de Verde, Newfoundland and Labrador, recorded a population of 347 in the 2021 Census; the rules that govern a loan signed there are provincial.

The census figures for Bay de Verde

347 people were counted in Bay de Verde in the 2021 Census. Land area for Bay de Verde is 13.2 square kilometres in the same census.

The arithmetic gives 26.2 people per square kilometre.

Bay de Verde ranks 203 by population among the Newfoundland and Labrador places on this site.

Bay de Verde therefore appears at rank 203 of 322 covered Newfoundland and Labrador places, with a density of 26.2 people per square kilometre.

Products compared here

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

  • Debt relief programs: The formal and informal routes out of unmanageable debt in Canada, and who is licensed to run them.
  • Bad credit loans: Borrowing when the credit file is damaged, and what changes about price and security as a result.

The Newfoundland and Labrador rules that apply

Licensing for consumer credit in Newfoundland and Labrador sits with the province or territory, and the Financial Consumer Agency of Canada maintains the public list of provincial and territorial regulators.

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.

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

How borrowing works locally

Variable-rate products move with a reference rate, while fixed-rate products set the price for a defined term.

Interest on a line of credit accrues only on the drawn portion, not on the unused limit. A mortgage is registered against the property, which is what gives the lender its claim.

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

The density figure for Bay de Verde, 26.2 people per square kilometre, is calculated from the population and land area above.

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

Readers comparing Bay de Verde with another community can use the same four census fields.

At 347 residents in the 2021 Census, Bay de Verde is listed alongside the other covered places in Newfoundland and Labrador.

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

Bay de Verde ranks 203 by 2021 Census population among the covered places in Newfoundland and Labrador.

Bay de Verde appears in the census record with 347 residents, and the density of 26.2 people per square kilometre follows from it.

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

Bay de Verde sits at rank 203 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

The land area recorded for Bay de Verde is 13.2 square kilometres, and the population is 347 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.

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.

Population and land area: Statistics Canada, Census of Population 2021, table 98-10-0002.

Borrowing in Bay de Verde

Personal loans A fixed sum repaid on a schedule, usually unsecured, for almost any purpose a lender will accept. Bad credit loans Borrowing when the credit file is damaged, and what changes about price and security as a result. No credit check loans What lenders who advertise without a credit check actually look at instead, and where the cost goes. Lines of credit A revolving limit you draw on and repay, usually paying interest only on what is outstanding. Unsecured loans Borrowing with no asset pledged, priced for the risk the lender is taking on your file alone. Secured loans Borrowing against an asset, which lowers the price but puts the asset at risk if you default. Car loans Financing a vehicle, including the effect of trade-in equity, negative equity and dealer-arranged credit. Mortgage loans Borrowing against residential property, including how a federally regulated lender tests the file. Home equity loans Converting property equity into credit, and the difference between a lump sum and a revolving limit. Mortgage refinancing Replacing an existing mortgage to change the rate, the term or the amount borrowed, and what it costs. Home renovation loans Paying for work on a property, from a small unsecured instalment loan to a secured renovation product. Business loans Commercial borrowing, what lenders read in a business file, and how the assessment differs from personal credit. Business lines of credit A revolving operating limit for a business, and why it behaves differently from a term loan. Debt consolidation loans Replacing several expensive debts with one payment, and the arithmetic that decides whether it helps. Debt relief programs The formal and informal routes out of unmanageable debt in Canada, and who is licensed to run them. Payday loans Small, short-term advances against a pay date, the most tightly regulated product in Canadian consumer credit. Cash advance loans Immediate short-term cash, including the difference between a cash advance on credit and a payday-style advance. Emergency loans Money for an urgent expense, and the order in which a sensible borrower works through the options. Instalment loans A fixed number of fixed payments, sized larger and longer than a payday advance. Collateral loans Borrowing against an asset a lender will hold, from vehicles to savings, and what happens on default.

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