Borrowing in Flatrock, Newfoundland and Labrador

This page covers borrowing in Flatrock, Newfoundland and Labrador: the census facts, the provincial rules, and the products people compare.

The Newfoundland and Labrador rules that apply

Provincial or territorial law decides who may lend in Newfoundland and Labrador, and the Financial Consumer Agency of Canada publishes the list that names the regulator responsible.

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.

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

How borrowing works locally

A consumer proposal or a bankruptcy is administered by a licensed insolvency trustee rather than by a lender.

Adding a co-signer puts a second file in front of the lender and adds a second person to the obligation. Variable-rate products move with a reference rate, while fixed-rate products set the price for a defined term.

The census figures for Flatrock

The 2021 Census counted 1,722 residents in Flatrock. The census records a land area of 18.1 square kilometres for Flatrock.

Dividing population by land area gives 95.1 residents per square kilometre, rounded to one decimal place.

The community is the 48th largest place in the province within this census set.

Flatrock therefore appears at rank 48 of 322 covered Newfoundland and Labrador places, with a density of 95.1 people per square kilometre.

Products compared here

The product pages behind this city cover the following borrowing categories, among the 20 products compared nationally.

• Debt relief programs: The formal and informal routes out of unmanageable debt in Canada, and who is licensed to run them.
• Bad credit loans: Borrowing when the credit file is damaged, and what changes about price and security as a result.

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

The density figure for Flatrock, 95.1 people per square kilometre, is calculated from the population and land area above.

Flatrock is one of 322 covered Newfoundland and Labrador places, counted at 1,722 residents with a land area of 18.1 square kilometres.

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

At 1,722 residents in the 2021 Census, Flatrock is listed alongside the other covered places in Newfoundland and Labrador.

The land area recorded for Flatrock is 18.1 square kilometres, and the population is 1,722 residents in the 2021 Census.

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

Flatrock sits at rank 48 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

Flatrock ranks 48 by 2021 Census population among the covered places in Newfoundland and Labrador.

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

Flatrock appears in the census record with 1,722 residents, and the density of 95.1 people per square kilometre follows from it.

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

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

The 2021 Census of Population published by Statistics Canada is the source for population and land area; the federal Payday Lending Regulations (SOR/2024-114) are the source for payday rules.

Lending rules change, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators where the current position is confirmed.