Borrowing in Comfort Cove-Newstead, Newfoundland and Labrador

This page covers borrowing in Comfort Cove-Newstead, Newfoundland and Labrador: the census facts, the provincial rules, and the products people compare.

The Newfoundland and Labrador rules that apply

Provincial or territorial law decides who may lend in Newfoundland and Labrador, and the Financial Consumer Agency of Canada publishes the list that names the regulator responsible.

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.

At the small end of the census range, the community still borrows inside the province's licensing system.

How borrowing works locally

A secured product gives the lender a claim on a named asset, which is why its price is usually lower than an unsecured equivalent.

Debt management plans are administered by accredited credit counsellors, and they are not loans. A prepayment privilege allows a borrower to pay more than the scheduled amount, sometimes with a charge attached.

The census figures for Comfort Cove-Newstead

The 2021 Census counted 345 residents in Comfort Cove-Newstead. 30.0 square kilometres of land are attributed to Comfort Cove-Newstead.

The calculated density is 11.5 people per square kilometre.

Among covered Newfoundland and Labrador places, Comfort Cove-Newstead sits at rank 204 by population.

Compared with the other 322 covered Newfoundland and Labrador places, Comfort Cove-Newstead ranks 204 by population.

Products compared here

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

• Mortgage loans: Borrowing against residential property, including how a federally regulated lender tests the file.
• Debt relief programs: The formal and informal routes out of unmanageable debt in Canada, and who is licensed to run them.

The land area recorded for Comfort Cove-Newstead is 30.0 square kilometres, and the population is 345 residents in the 2021 Census.

For Comfort Cove-Newstead, the two census fields above are the only local statistics used anywhere on the page.

The Comfort Cove-Newstead page follows the same structure as every other place page, with population, land area, density and rank.

Comfort Cove-Newstead is one of 322 covered Newfoundland and Labrador places, counted at 345 residents with a land area of 30.0 square kilometres.

Comfort Cove-Newstead sits at rank 204 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

Comfort Cove-Newstead ranks 204 by 2021 Census population among the covered places in Newfoundland and Labrador.

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

Comfort Cove-Newstead appears in the census record with 345 residents, and the density of 11.5 people per square kilometre follows from it.

The density figure for Comfort Cove-Newstead, 11.5 people per square kilometre, is calculated from the population and land area above.

Readers comparing Comfort Cove-Newstead with another community can use the same four census fields.

Where a figure for Comfort Cove-Newstead 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.

Census figures are from Statistics Canada's 2021 Census of Population, and the payday position is taken from the federal Payday Lending Regulations (SOR/2024-114).

Nothing here is an offer, and no page on this site can tell anyone what a lender will decide.