Borrowing in Division No. 6, Subd. A, Newfoundland and Labrador

Division No. 6, Subd. A is one of the Newfoundland and Labrador places covered here, with 101 residents recorded in the 2021 Census and the same provincial rulebook as the rest of the province.

The census figures for Division No. 6, Subd. A

Statistics Canada's 2021 Census gives Division No. 6, Subd. A a population of 101. Statistics Canada lists 5264.7 square kilometres of land for the community.

The arithmetic gives 0.0 people per square kilometre.

By population it ranks 319 among the Newfoundland and Labrador places covered here.

The place record for Division No. 6, Subd. A covers 5264.7 square kilometres and 101 residents, a density of 0.0 people per square kilometre.

The Newfoundland and Labrador rules that apply

Consumer lending in Newfoundland and Labrador is licensed provincially or territorially, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators where the current position appears.

In Newfoundland and Labrador, payday lending operates under a licensed provincial regime, and the federal Payday Lending Regulations (SOR/2024-114) record a maximum cost of borrowing of $14 for each $100 advanced under SOR/2024-114.

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

How borrowing works locally

A mortgage is registered against the property, which is what gives the lender its claim.

A provincial regulator publishes licensing requirements, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators. A deposit or trade-in reduces the amount financed and therefore the interest charged over the term.

Products compared here

Among the 20 products compared here, these two are commonly used for the purposes described.

• Lines of credit: A revolving limit you draw on and repay, usually paying interest only on what is outstanding.
• Home renovation loans: Paying for work on a property, from a small unsecured instalment loan to a secured renovation product.

Division No. 6, Subd. A appears in the census record with 101 residents, and the density of 0.0 people per square kilometre follows from it.

Division No. 6, Subd. A is one of 322 covered Newfoundland and Labrador places, counted at 101 residents with a land area of 5264.7 square kilometres.

Division No. 6, Subd. A ranks 319 by 2021 Census population among the covered places in Newfoundland and Labrador.

Nothing on the Division No. 6, Subd. A page is estimated; the population and land area come from Statistics Canada's 2021 Census of Population.

The density figure for Division No. 6, Subd. A, 0.0 people per square kilometre, is calculated from the population and land area above.

The land area recorded for Division No. 6, Subd. A is 5264.7 square kilometres, and the population is 101 residents in the 2021 Census.

The Division No. 6, Subd. A page follows the same structure as every other place page, with population, land area, density and rank.

For Division No. 6, Subd. A, the two census fields above are the only local statistics used anywhere on the page.

Division No. 6, Subd. A sits at rank 319 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).

The provincial rules apply wherever a borrower is in Newfoundland and Labrador; a municipal boundary does not change them.