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Borrowing in Fortune, Newfoundland and Labrador

Population 1,285, land area 54.8 square kilometres: the census facts for Fortune, plus how consumer credit is regulated in Newfoundland and Labrador.

Province Newfoundland and Labrador (NL)
Population, 2021 Census 1,285
Land area 54.8 km²
Provincial regulator See the FCAC list

Fortune, Newfoundland and Labrador, recorded a population of 1,285 in the 2021 Census; the rules that govern a loan signed there are provincial.

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.

How borrowing works locally

Provincial licensing decides who may lend, and federal rules add a ceiling where a licensed payday regime exists.

An application usually asks for identification, income evidence, banking details and a statement of obligations. Disclosure requirements mean the cost of borrowing must be stated before an agreement is signed.

The Newfoundland and Labrador rules that apply

Consumer credit in Newfoundland and Labrador is licensed by the provincial or territorial regulator, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators.

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.

At the small end of the census range, the community still borrows inside the province's licensing system.

The census figures for Fortune

Fortune recorded a population of 1,285 in Statistics Canada's 2021 Census of Population. Its land area is 54.8 square kilometres.

The calculated density is 23.5 people per square kilometre.

Among covered Newfoundland and Labrador places, Fortune sits at rank 64 by population.

The place record for Fortune covers 54.8 square kilometres and 1,285 residents, a density of 23.5 people per square kilometre.

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

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

At 1,285 residents in the 2021 Census, Fortune is listed alongside the other covered places in Newfoundland and Labrador.

Fortune sits at rank 64 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

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

Fortune is one of 322 covered Newfoundland and Labrador places, counted at 1,285 residents with a land area of 54.8 square kilometres.

The land area recorded for Fortune is 54.8 square kilometres, and the population is 1,285 residents in the 2021 Census.

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

Fortune appears in the census record with 1,285 residents, and the density of 23.5 people per square kilometre follows from it.

The density figure for Fortune, 23.5 people per square kilometre, is calculated from the population and land area above.

Fortune ranks 64 by 2021 Census population among the covered places in Newfoundland and Labrador.

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.

Population and land area: Statistics Canada, Census of Population 2021, table 98-10-0002.

Borrowing in Fortune

Personal loans A fixed sum repaid on a schedule, usually unsecured, for almost any purpose a lender will accept. Bad credit loans Borrowing when the credit file is damaged, and what changes about price and security as a result. No credit check loans What lenders who advertise without a credit check actually look at instead, and where the cost goes. Lines of credit A revolving limit you draw on and repay, usually paying interest only on what is outstanding. Unsecured loans Borrowing with no asset pledged, priced for the risk the lender is taking on your file alone. Secured loans Borrowing against an asset, which lowers the price but puts the asset at risk if you default. Car loans Financing a vehicle, including the effect of trade-in equity, negative equity and dealer-arranged credit. Mortgage loans Borrowing against residential property, including how a federally regulated lender tests the file. Home equity loans Converting property equity into credit, and the difference between a lump sum and a revolving limit. Mortgage refinancing Replacing an existing mortgage to change the rate, the term or the amount borrowed, and what it costs. Home renovation loans Paying for work on a property, from a small unsecured instalment loan to a secured renovation product. Business loans Commercial borrowing, what lenders read in a business file, and how the assessment differs from personal credit. Business lines of credit A revolving operating limit for a business, and why it behaves differently from a term loan. Debt consolidation loans Replacing several expensive debts with one payment, and the arithmetic that decides whether it helps. Debt relief programs The formal and informal routes out of unmanageable debt in Canada, and who is licensed to run them. Payday loans Small, short-term advances against a pay date, the most tightly regulated product in Canadian consumer credit. Cash advance loans Immediate short-term cash, including the difference between a cash advance on credit and a payday-style advance. Emergency loans Money for an urgent expense, and the order in which a sensible borrower works through the options. Instalment loans A fixed number of fixed payments, sized larger and longer than a payday advance. Collateral loans Borrowing against an asset a lender will hold, from vehicles to savings, and what happens on default.

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