Borrowing in Deer Lake, Newfoundland and Labrador

Deer Lake is one of the Newfoundland and Labrador communities covered here, with a 2021 Census population of 4,864, and borrowing there is licensed under Newfoundland and Labrador's consumer credit rules.

Products compared here

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

• Home equity loans: Converting property equity into credit, and the difference between a lump sum and a revolving limit.
• Payday loans: Small, short-term advances against a pay date, the most tightly regulated product in Canadian consumer credit.

How borrowing works locally

A provincial regulator publishes licensing requirements, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators.

A lender may ask for proof of address, and a permanent address is a standard requirement for consumer credit. A secured product gives the lender a claim on a named asset, which is why its price is usually lower than an unsecured equivalent.

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.

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.

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 Deer Lake

Population for Deer Lake stands at 4,864 in the 2021 Census. Statistics Canada lists 73.3 square kilometres of land for the community.

Dividing population by land area gives 66.4 residents per square kilometre, rounded to one decimal place.

Its provincial population rank is 16 within this data set.

Deer Lake is one of 322 places listed for Newfoundland and Labrador, ranked 16 by population and measured at 73.3 square kilometres.

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

At 4,864 residents in the 2021 Census, Deer Lake is listed alongside the other covered places in Newfoundland and Labrador.

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

Deer Lake sits at rank 16 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

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

Deer Lake ranks 16 by 2021 Census population among the covered places in Newfoundland and Labrador.

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

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

The density figure for Deer Lake, 66.4 people per square kilometre, is calculated from the population and land area above.

Deer Lake is one of 322 covered Newfoundland and Labrador places, counted at 4,864 residents with a land area of 73.3 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.

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).

Compare the disclosure on any agreement against the provincial ceiling, and treat the census figures as the only local statistics on the page.