Borrowing in Hare Bay, Newfoundland and Labrador

A loan taken out in Hare Bay is governed by Newfoundland and Labrador's licensing rules, and the 2021 Census counted 925 people in the community.

The Newfoundland and Labrador rules that apply

Consumer lending in Newfoundland and Labrador is licensed provincially or territorially, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators where the current position appears.

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.

Places in the smallest population band are grouped here as small communities, and the pages carry the same census fields and the same provincial rules as the largest city.

The census figures for Hare Bay

Population for Hare Bay stands at 925 in the 2021 Census. 34.1 square kilometres of land are attributed to Hare Bay.

Dividing population by land area gives 27.1 residents per square kilometre, rounded to one decimal place.

Hare Bay ranks 86 by population among the Newfoundland and Labrador places on this site.

Hare Bay is one of 322 places listed for Newfoundland and Labrador, ranked 86 by population and measured at 34.1 square kilometres.

Products compared here

Each product below has its own page, and the Newfoundland and Labrador position applies to all of them.

• Mortgage refinancing: Replacing an existing mortgage to change the rate, the term or the amount borrowed, and what it costs.
• Cash advance loans: Immediate short-term cash, including the difference between a cash advance on credit and a payday-style advance.

How borrowing works locally

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.

Interest on a line of credit accrues only on the drawn portion, not on the unused limit. Joint applications combine two incomes and two sets of obligations in the same assessment.

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

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

Hare Bay ranks 86 by 2021 Census population among the covered places in Newfoundland and Labrador.

Hare Bay is one of 322 covered Newfoundland and Labrador places, counted at 925 residents with a land area of 34.1 square kilometres.

Hare Bay appears in the census record with 925 residents, and the density of 27.1 people per square kilometre follows from it.

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

Hare Bay sits at rank 86 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

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

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

The density figure for Hare Bay, 27.1 people per square kilometre, is calculated from the population and land area above.

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.

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