Borrowing in Embree, Newfoundland and Labrador

Embree is one of the Newfoundland and Labrador communities covered here, with a 2021 Census population of 679, and borrowing there is licensed under Newfoundland and Labrador's consumer credit rules.

How borrowing works locally

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

A revolving product charges interest on the outstanding balance, while an instalment product charges a fixed schedule of payments. A mortgage is registered against the property, which is what gives the lender its claim.

Products compared here

These are two of the 20 products described on the site, and each has a national page as well as the provincial rules.

• Bad credit loans: Borrowing when the credit file is damaged, and what changes about price and security as a result.
• Home equity loans: Converting property equity into credit, and the difference between a lump sum and a revolving limit.

The census figures for Embree

The 2021 Census counted 679 residents in Embree. Statistics Canada lists 18.4 square kilometres of land for the community.

The arithmetic gives 37.0 people per square kilometre.

Embree ranks 111 by population among the Newfoundland and Labrador places on this site.

Embree therefore appears at rank 111 of 322 covered Newfoundland and Labrador places, with a density of 37.0 people per square kilometre.

The Newfoundland and Labrador rules that apply

Licensing for consumer credit in Newfoundland and Labrador sits with the province or territory, and the Financial Consumer Agency of Canada maintains the public list of provincial and territorial regulators.

The federal payday lending regulations, SOR/2024-114, cap the cost of borrowing at $14 per $100 advanced in Newfoundland and Labrador, which the federal Payday Lending Regulations (SOR/2024-114) list as a province that regulates the product.

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

Embree appears in the census record with 679 residents, and the density of 37.0 people per square kilometre follows from it.

The land area recorded for Embree is 18.4 square kilometres, and the population is 679 residents in the 2021 Census.

At 679 residents in the 2021 Census, Embree is listed alongside the other covered places in Newfoundland and Labrador.

The Embree page follows the same structure as every other place page, with population, land area, density and rank.

Embree is one of 322 covered Newfoundland and Labrador places, counted at 679 residents with a land area of 18.4 square kilometres.

For Embree, the two census fields above are the only local statistics used anywhere on the page.

Readers comparing Embree with another community can use the same four census fields.

The density figure for Embree, 37.0 people per square kilometre, is calculated from the population and land area above.

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

Nothing on the Embree page is estimated; the population and land area come from Statistics Canada's 2021 Census of Population.

Embree sits at rank 111 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.

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