Borrowing in Division No. 8, Subd. I, Newfoundland and Labrador

A loan taken out in Division No. 8, Subd. I is governed by Newfoundland and Labrador's licensing rules, and the 2021 Census counted 163 people in the community.

The census figures for Division No. 8, Subd. I

Population for Division No. 8, Subd. I stands at 163 in the 2021 Census. Its land area is 9.0 square kilometres.

The calculated density is 18.2 people per square kilometre.

By population it ranks 289 among the Newfoundland and Labrador places covered here.

Division No. 8, Subd. I sits at rank 289 among the 322 Newfoundland and Labrador places here, with 163 residents in the 2021 Census.

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.

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

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

A deposit or trade-in reduces the amount financed and therefore the interest charged over the term. A revolving product charges interest on the outstanding balance, while an instalment product charges a fixed schedule of payments.

Products compared here

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

• Instalment loans: A fixed number of fixed payments, sized larger and longer than a payday advance.
• Secured loans: Borrowing against an asset, which lowers the price but puts the asset at risk if you default.

Division No. 8, Subd. I ranks 289 by 2021 Census population among the covered places in Newfoundland and Labrador.

The density figure for Division No. 8, Subd. I, 18.2 people per square kilometre, is calculated from the population and land area above.

For Division No. 8, Subd. I, the two census fields above are the only local statistics used anywhere on the page.

The land area recorded for Division No. 8, Subd. I is 9.0 square kilometres, and the population is 163 residents in the 2021 Census.

Division No. 8, Subd. I is one of 322 covered Newfoundland and Labrador places, counted at 163 residents with a land area of 9.0 square kilometres.

Division No. 8, Subd. I sits at rank 289 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

The Division No. 8, Subd. I page follows the same structure as every other place page, with population, land area, density and rank.

At 163 residents in the 2021 Census, Division No. 8, Subd. I is listed alongside the other covered places in Newfoundland and Labrador.

Readers comparing Division No. 8, Subd. I with another community can use the same four census fields.

Division No. 8, Subd. I appears in the census record with 163 residents, and the density of 18.2 people per square kilometre follows from it.

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

Statistics Canada's 2021 Census of Population supplies the population and land-area figures, and the federal Payday Lending Regulations (SOR/2024-114) supply the payday position.

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.