Borrowing in Division No. 7, Subd. D, Newfoundland and Labrador

Division No. 7, Subd. D is one of the Newfoundland and Labrador places covered here, with 259 residents recorded in the 2021 Census and the same provincial rulebook as the rest of the province.

How borrowing works locally

A broker arranges credit but does not lend, and the lender remains the party that makes the decision.

A deposit or trade-in reduces the amount financed and therefore the interest charged over the term. A payday advance is repaid on a pay date, while an instalment loan is repaid over a set number of payments.

Products compared here

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

• No credit check loans: What lenders who advertise without a credit check actually look at instead, and where the cost goes.
• Mortgage refinancing: Replacing an existing mortgage to change the rate, the term or the amount borrowed, and what it costs.

The census figures for Division No. 7, Subd. D

Statistics Canada's 2021 Census gives Division No. 7, Subd. D a population of 259. Its land area is 2457.8 square kilometres.

That gives a density of 0.1 people per square kilometre, rounded to one decimal place.

The 2021 Census population places it at rank 237 in the province.

Division No. 7, Subd. D sits at rank 237 among the 322 Newfoundland and Labrador places here, with 259 residents in the 2021 Census.

The Newfoundland and Labrador rules that apply

The regulator for consumer credit in Newfoundland and Labrador is the body listed by the federal Payday Lending Regulations (SOR/2024-114) provincial and territorial regulators.

The federal Payday Lending Regulations (SOR/2024-114) count Newfoundland and Labrador among the provinces with payday lending rules, where the published maximum cost of borrowing is $14 per $100 advanced under SOR/2024-114.

Communities of this size are listed here with population, land area and density, and the lending rules remain provincial.

At 259 residents in the 2021 Census, Division No. 7, Subd. D is listed alongside the other covered places in Newfoundland and Labrador.

Nothing on the Division No. 7, Subd. D page is estimated; the population and land area come from Statistics Canada's 2021 Census of Population.

For Division No. 7, Subd. D, the two census fields above are the only local statistics used anywhere on the page.

Division No. 7, Subd. D sits at rank 237 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

Division No. 7, Subd. D appears in the census record with 259 residents, and the density of 0.1 people per square kilometre follows from it.

Division No. 7, Subd. D is one of 322 covered Newfoundland and Labrador places, counted at 259 residents with a land area of 2457.8 square kilometres.

The density figure for Division No. 7, Subd. D, 0.1 people per square kilometre, is calculated from the population and land area above.

The land area recorded for Division No. 7, Subd. D is 2457.8 square kilometres, and the population is 259 residents in the 2021 Census.

Readers comparing Division No. 7, Subd. D with another community can use the same four census fields.

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).

The same structure is used for every place covered, so two communities can be compared field by field: population, land area, density, rank, and the provincial rules.