Borrowing in Forteau, Newfoundland and Labrador

With 377 residents counted in the 2021 Census, Forteau sits inside Newfoundland and Labrador's provincial lending framework.

The census figures for Forteau

Forteau recorded a population of 377 in Statistics Canada's 2021 Census of Population. Its land area is 7.5 square kilometres.

The calculated density is 50.3 people per square kilometre.

The community is the 191st largest place in the province within this census set.

Within Newfoundland and Labrador, Forteau is place number 191 by population in this census set, at 377 residents.

Products compared here

Two of the 20 covered products appear below, each with the purpose the product is designed for.

• Collateral loans: Borrowing against an asset a lender will hold, from vehicles to savings, and what happens on default.
• Car loans: Financing a vehicle, including the effect of trade-in equity, negative equity and dealer-arranged credit.

The Newfoundland and Labrador rules that apply

The body that licenses consumer lending in Newfoundland and Labrador is the regulator named on the federal Payday Lending Regulations (SOR/2024-114)'s 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.

How borrowing works locally

An application usually asks for identification, income evidence, banking details and a statement of obligations.

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.

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

At 377 residents in the 2021 Census, Forteau is listed alongside the other covered places in Newfoundland and Labrador.

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

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

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

Forteau ranks 191 by 2021 Census population among the covered places in Newfoundland and Labrador.

Forteau sits at rank 191 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

The land area recorded for Forteau is 7.5 square kilometres, and the population is 377 residents in the 2021 Census.

Forteau is one of 322 covered Newfoundland and Labrador places, counted at 377 residents with a land area of 7.5 square kilometres.

The density figure for Forteau, 50.3 people per square kilometre, is calculated from the population and land area above.

Forteau appears in the census record with 377 residents, and the density of 50.3 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.

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.