Borrowing in Division No. 1, Subd. B, Newfoundland and Labrador

With 356 residents counted in the 2021 Census, Division No. 1, Subd. B sits inside Newfoundland and Labrador's provincial lending framework.

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.

Payday lending is licensed in Newfoundland and Labrador; the federal Payday Lending Regulations (SOR/2024-114) publish a cap of $14 per $100 advanced, and notes that a province may set a lower figure.

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

How borrowing works locally

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. A revolving product charges interest on the outstanding balance, while an instalment product charges a fixed schedule of payments.

The census figures for Division No. 1, Subd. B

Statistics Canada's 2021 Census gives Division No. 1, Subd. B a population of 356. Statistics Canada lists 454.3 square kilometres of land for the community.

The calculated density is 0.8 people per square kilometre.

Among covered Newfoundland and Labrador places, Division No. 1, Subd. B sits at rank 198 by population.

Division No. 1, Subd. B is one of 322 places listed for Newfoundland and Labrador, ranked 198 by population and measured at 454.3 square kilometres.

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.

The density figure for Division No. 1, Subd. B, 0.8 people per square kilometre, is calculated from the population and land area above.

At 356 residents in the 2021 Census, Division No. 1, Subd. B is listed alongside the other covered places in Newfoundland and Labrador.

Readers comparing Division No. 1, Subd. B with another community can use the same four census fields.

The Division No. 1, Subd. B page follows the same structure as every other place page, with population, land area, density and rank.

For Division No. 1, Subd. B, the two census fields above are the only local statistics used anywhere on the page.

Division No. 1, Subd. B appears in the census record with 356 residents, and the density of 0.8 people per square kilometre follows from it.

Division No. 1, Subd. B is one of 322 covered Newfoundland and Labrador places, counted at 356 residents with a land area of 454.3 square kilometres.

Division No. 1, Subd. B ranks 198 by 2021 Census population among the covered places in Newfoundland and Labrador.

Nothing on the Division No. 1, Subd. B page is estimated; the population and land area come from Statistics Canada's 2021 Census of Population.

Division No. 1, Subd. B sits at rank 198 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

loanmoose.ca is not a lender and does not make credit decisions. The lowest rates are only available to the most qualified applicants.

The 2021 Census of Population published by Statistics Canada is the source for population and land area; the federal Payday Lending Regulations (SOR/2024-114) are the source for payday rules.

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