Borrowing in Middle Arm, Newfoundland and Labrador

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

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.

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.

How borrowing works locally

A deposit or trade-in reduces the amount financed and therefore the interest charged over the term.

A revolving product charges interest on the outstanding balance, while an instalment product charges a fixed schedule of payments. Variable-rate products move with a reference rate, while fixed-rate products set the price for a defined term.

The census figures for Middle Arm

In the 2021 Census, Middle Arm had 443 residents. Land area for Middle Arm is 24.9 square kilometres in the same census.

On those two figures, density is 17.8 residents per square kilometre when rounded to one decimal place.

The 2021 Census population places it at rank 168 in the province.

Compared with the other 322 covered Newfoundland and Labrador places, Middle Arm ranks 168 by population.

Products compared here

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

• 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.

Middle Arm is one of 322 covered Newfoundland and Labrador places, counted at 443 residents with a land area of 24.9 square kilometres.

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

The density figure for Middle Arm, 17.8 people per square kilometre, is calculated from the population and land area above.

At 443 residents in the 2021 Census, Middle Arm is listed alongside the other covered places in Newfoundland and Labrador.

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

Middle Arm appears in the census record with 443 residents, and the density of 17.8 people per square kilometre follows from it.

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

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

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

Middle Arm sits at rank 168 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

The land area recorded for Middle Arm is 24.9 square kilometres, and the population is 443 residents in the 2021 Census.

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

Statistics Canada's 2021 Census of Population supplies the population and land-area figures, and the federal Payday Lending Regulations (SOR/2024-114) supply the payday position.

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