Borrowing in Division No. 3, Subd. C, Newfoundland and Labrador

Division No. 3, Subd. C is one of the Newfoundland and Labrador places covered here, with 146 residents recorded in the 2021 Census and the same provincial rulebook as the rest of the province.

The Newfoundland and Labrador rules that apply

The body that licenses consumer lending in Newfoundland and Labrador is the regulator named on the federal Payday Lending Regulations (SOR/2024-114)'s list of provincial and territorial regulators.

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.

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

The census figures for Division No. 3, Subd. C

Division No. 3, Subd. C recorded a population of 146 in Statistics Canada's 2021 Census of Population. Land area for Division No. 3, Subd. C is 711.6 square kilometres in the same census.

Dividing population by land area gives 0.2 residents per square kilometre, rounded to one decimal place.

Its provincial population rank is 296 within this data set.

The place record for Division No. 3, Subd. C covers 711.6 square kilometres and 146 residents, a density of 0.2 people per square kilometre.

Products compared here

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

• Secured loans: Borrowing against an asset, which lowers the price but puts the asset at risk if you default.
• Business lines of credit: A revolving operating limit for a business, and why it behaves differently from a term loan.

How borrowing works locally

Payment history is reported to credit agencies, and that record is what builds or damages a credit file over time.

Variable-rate products move with a reference rate, while fixed-rate products set the price for a defined term. A secured product gives the lender a claim on a named asset, which is why its price is usually lower than an unsecured equivalent.

At 146 residents in the 2021 Census, Division No. 3, Subd. C is listed alongside the other covered places in Newfoundland and Labrador.

Division No. 3, Subd. C is one of 322 covered Newfoundland and Labrador places, counted at 146 residents with a land area of 711.6 square kilometres.

The density figure for Division No. 3, Subd. C, 0.2 people per square kilometre, is calculated from the population and land area above.

Where a figure for Division No. 3, Subd. C could not be verified, the page names the publisher instead of printing a number.

The Division No. 3, Subd. C page follows the same structure as every other place page, with population, land area, density and rank.

The land area recorded for Division No. 3, Subd. C is 711.6 square kilometres, and the population is 146 residents in the 2021 Census.

Nothing on the Division No. 3, Subd. C page is estimated; the population and land area come from Statistics Canada's 2021 Census of Population.

Readers comparing Division No. 3, Subd. C with another community can use the same four census fields.

Division No. 3, Subd. C sits at rank 296 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.

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).

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