Borrowing in Carmanville, Newfoundland and Labrador

Carmanville is one of the Newfoundland and Labrador communities covered here, with a 2021 Census population of 784, and borrowing there is licensed under Newfoundland and Labrador's consumer credit rules.

The census figures for Carmanville

784 people were counted in Carmanville in the 2021 Census. Its land area is 42.7 square kilometres.

On those two figures, density is 18.4 residents per square kilometre when rounded to one decimal place.

The 2021 Census population places it at rank 97 in the province.

Carmanville is one of 322 places listed for Newfoundland and Labrador, ranked 97 by population and measured at 42.7 square kilometres.

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) list Newfoundland and Labrador among the provinces that regulate payday lending, where the federal Payday Lending Regulations (SOR/2024-114) cap the cost of borrowing at $14 per $100 advanced.

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

How borrowing works locally

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.

A shorter term raises each payment and lowers the total interest, which is the trade every schedule makes. Interest on a line of credit accrues only on the drawn portion, not on the unused limit.

Products compared here

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

• Lines of credit: A revolving limit you draw on and repay, usually paying interest only on what is outstanding.
• Home renovation loans: Paying for work on a property, from a small unsecured instalment loan to a secured renovation product.

At 784 residents in the 2021 Census, Carmanville is listed alongside the other covered places in Newfoundland and Labrador.

The land area recorded for Carmanville is 42.7 square kilometres, and the population is 784 residents in the 2021 Census.

The density figure for Carmanville, 18.4 people per square kilometre, is calculated from the population and land area above.

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

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

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

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

Carmanville ranks 97 by 2021 Census population among the covered places in Newfoundland and Labrador.

Carmanville appears in the census record with 784 residents, and the density of 18.4 people per square kilometre follows from it.

Carmanville is one of 322 covered Newfoundland and Labrador places, counted at 784 residents with a land area of 42.7 square kilometres.

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

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 provincial rules apply wherever a borrower is in Newfoundland and Labrador; a municipal boundary does not change them.