Borrowing in Colliers, Newfoundland and Labrador

A loan taken out in Colliers is governed by Newfoundland and Labrador's licensing rules, and the 2021 Census counted 613 people in the community.

The Newfoundland and Labrador rules that apply

The regulator for consumer credit in Newfoundland and Labrador is the body listed by the federal Payday Lending Regulations (SOR/2024-114) provincial and territorial regulators.

The federal payday lending regulations, SOR/2024-114, cap the cost of borrowing at $14 per $100 advanced in Newfoundland and Labrador, which the federal Payday Lending Regulations (SOR/2024-114) list as a province that regulates the product.

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 Colliers

The 2021 Census counted 613 residents in Colliers. The census records a land area of 26.2 square kilometres for Colliers.

Dividing population by land area gives 23.4 residents per square kilometre, rounded to one decimal place.

The 2021 Census population places it at rank 122 in the province.

Colliers sits at rank 122 among the 322 Newfoundland and Labrador places here, with 613 residents in the 2021 Census.

Products compared here

The product pages behind this city cover the following borrowing categories, among the 20 products compared nationally.

• Home renovation loans: Paying for work on a property, from a small unsecured instalment loan to a secured renovation product.
• Emergency loans: Money for an urgent expense, and the order in which a sensible borrower works through the options.

How borrowing works locally

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

A deposit or trade-in reduces the amount financed and therefore the interest charged over the term. Joint applications combine two incomes and two sets of obligations in the same assessment.

Colliers ranks 122 by 2021 Census population among the covered places in Newfoundland and Labrador.

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

Colliers appears in the census record with 613 residents, and the density of 23.4 people per square kilometre follows from it.

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

Colliers sits at rank 122 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

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

At 613 residents in the 2021 Census, Colliers is listed alongside the other covered places in Newfoundland and Labrador.

The land area recorded for Colliers is 26.2 square kilometres, and the population is 613 residents in the 2021 Census.

The density figure for Colliers, 23.4 people per square kilometre, is calculated from the population and land area above.

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

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

Colliers is one of 322 covered Newfoundland and Labrador places, counted at 613 residents with a land area of 26.2 square kilometres.

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).

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