Borrowing in Birchy Bay, Newfoundland and Labrador

With 511 residents counted in the 2021 Census, Birchy Bay sits inside Newfoundland and Labrador's provincial lending framework.

Products compared here

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

• Instalment loans: A fixed number of fixed payments, sized larger and longer than a payday advance.
• Secured loans: Borrowing against an asset, which lowers the price but puts the asset at risk if you default.

How borrowing works locally

Disclosure requirements mean the cost of borrowing must be stated before an agreement is signed.

Adding a co-signer puts a second file in front of the lender and adds a second person to the obligation. A provincial regulator publishes licensing requirements, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators.

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.

Payday lending is licensed in Newfoundland and Labrador; the federal Payday Lending Regulations (SOR/2024-114) publish a cap of $14 per $100 advanced, and notes that a province may set a lower figure.

Places in the smallest population band are grouped here as small communities, and the pages carry the same census fields and the same provincial rules as the largest city.

The census figures for Birchy Bay

The 2021 Census counted 511 residents in Birchy Bay. 49.3 square kilometres of land are attributed to Birchy Bay.

Dividing population by land area gives 10.4 residents per square kilometre, rounded to one decimal place.

Among covered Newfoundland and Labrador places, Birchy Bay sits at rank 154 by population.

Birchy Bay therefore appears at rank 154 of 322 covered Newfoundland and Labrador places, with a density of 10.4 people per square kilometre.

Birchy Bay sits at rank 154 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

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

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

The land area recorded for Birchy Bay is 49.3 square kilometres, and the population is 511 residents in the 2021 Census.

Birchy Bay ranks 154 by 2021 Census population among the covered places in Newfoundland and Labrador.

The density figure for Birchy Bay, 10.4 people per square kilometre, is calculated from the population and land area above.

At 511 residents in the 2021 Census, Birchy Bay is listed alongside the other covered places in Newfoundland and Labrador.

Birchy Bay is one of 322 covered Newfoundland and Labrador places, counted at 511 residents with a land area of 49.3 square kilometres.

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

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

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

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.

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