Borrowing in Garnish, Newfoundland and Labrador

Garnish is one of the Newfoundland and Labrador communities covered here, with a 2021 Census population of 542, and borrowing there is licensed under Newfoundland and Labrador's consumer credit rules.

The census figures for Garnish

Statistics Canada's 2021 Census gives Garnish a population of 542. Statistics Canada lists 39.1 square kilometres of land for the community.

The arithmetic gives 13.9 people per square kilometre.

The community is the 145th largest place in the province within this census set.

Garnish sits at rank 145 among the 322 Newfoundland and Labrador places here, with 542 residents in the 2021 Census.

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.

A payday advance in Newfoundland and Labrador falls under a provincial licensing regime, and the cost of borrowing is capped at $14 per $100 advanced according to the federal Payday Lending Regulations (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 deposit or trade-in reduces the amount financed and therefore the interest charged over the term.

A credit file is compiled by private agencies from information lenders and other creditors report. A lender is free to set its own price below the legal ceiling, and it does so according to the risk it reads in the file.

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.

• Lines of credit: A revolving limit you draw on and repay, usually paying interest only on what is outstanding.
• Home renovation loans: Paying for work on a property, from a small unsecured instalment loan to a secured renovation product.

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

Garnish sits at rank 145 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

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

Garnish ranks 145 by 2021 Census population among the covered places in Newfoundland and Labrador.

Garnish appears in the census record with 542 residents, and the density of 13.9 people per square kilometre follows from it.

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

The density figure for Garnish, 13.9 people per square kilometre, is calculated from the population and land area above.

At 542 residents in the 2021 Census, Garnish is listed alongside the other covered places in Newfoundland and Labrador.

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

Garnish is one of 322 covered Newfoundland and Labrador places, counted at 542 residents with a land area of 39.1 square kilometres.

The land area recorded for Garnish is 39.1 square kilometres, and the population is 542 residents in the 2021 Census.

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

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).

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