Borrowing in Coachman's Cove, Newfoundland and Labrador

A loan taken out in Coachman's Cove is governed by Newfoundland and Labrador's licensing rules, and the 2021 Census counted 111 people in the community.

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.

A payday advance in Newfoundland and Labrador falls under a provincial licensing regime, and the cost of borrowing is capped at $14 per $100 advanced according to the federal Payday Lending Regulations (SOR/2024-114).

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

The census figures for Coachman's Cove

Population for Coachman's Cove stands at 111 in the 2021 Census. Its land area is 19.0 square kilometres.

The calculated density is 5.8 people per square kilometre.

The 2021 Census population places it at rank 314 in the province.

Compared with the other 322 covered Newfoundland and Labrador places, Coachman's Cove ranks 314 by population.

Products compared here

Each product below has its own page, and the Newfoundland and Labrador position applies to all of them.

• Emergency loans: Money for an urgent expense, and the order in which a sensible borrower works through the options.
• Unsecured loans: Borrowing with no asset pledged, priced for the risk the lender is taking on your file alone.

How borrowing works locally

A consumer proposal or a bankruptcy is administered by a licensed insolvency trustee rather than by a lender.

A shorter term raises each payment and lowers the total interest, which is the trade every schedule makes. Disclosure requirements mean the cost of borrowing must be stated before an agreement is signed.

Coachman's Cove is one of 322 covered Newfoundland and Labrador places, counted at 111 residents with a land area of 19.0 square kilometres.

The land area recorded for Coachman's Cove is 19.0 square kilometres, and the population is 111 residents in the 2021 Census.

The Coachman's Cove page follows the same structure as every other place page, with population, land area, density and rank.

At 111 residents in the 2021 Census, Coachman's Cove is listed alongside the other covered places in Newfoundland and Labrador.

For Coachman's Cove, the two census fields above are the only local statistics used anywhere on the page.

Coachman's Cove appears in the census record with 111 residents, and the density of 5.8 people per square kilometre follows from it.

The density figure for Coachman's Cove, 5.8 people per square kilometre, is calculated from the population and land area above.

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

Coachman's Cove sits at rank 314 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

Readers comparing Coachman's Cove with another community can use the same four census fields.

Coachman's Cove ranks 314 by 2021 Census population among the covered places in Newfoundland and Labrador.

Where a figure for Coachman's Cove 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.

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