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Borrowing in Mount Carmel-Mitchells Brook-St. Catherine's, Newfoundland and Labrador

Population 382, land area 60.8 square kilometres: the census facts for Mount Carmel-Mitchells Brook-St. Catherine's, plus how consumer credit is regulated in Newfoundland and Labrador.

Province Newfoundland and Labrador (NL)
Population, 2021 Census 382
Land area 60.8 km²
Provincial regulator See the FCAC list

Mount Carmel-Mitchells Brook-St. Catherine's, Newfoundland and Labrador, recorded a population of 382 in the 2021 Census; the rules that govern a loan signed there are provincial.

Products compared here

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

  • Business loans: Commercial borrowing, what lenders read in a business file, and how the assessment differs from personal credit.
  • Instalment loans: A fixed number of fixed payments, sized larger and longer than a payday advance.

How borrowing works locally

Disclosure requirements mean the cost of borrowing must be stated before an agreement is signed.

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. A broker arranges credit but does not lend, and the lender remains the party that makes the decision.

The Newfoundland and Labrador rules that apply

The regulator for consumer credit in Newfoundland and Labrador is the body listed by the federal Payday Lending Regulations (SOR/2024-114) provincial and territorial regulators.

The federal Payday Lending Regulations (SOR/2024-114) count Newfoundland and Labrador among the provinces with payday lending rules, where the published maximum cost of borrowing is $14 per $100 advanced under SOR/2024-114.

The lowest band groups villages, rural municipalities and small towns, all read against the same provincial rulebook.

The census figures for Mount Carmel-Mitchells Brook-St. Catherine's

The 2021 Census counted 382 residents in Mount Carmel-Mitchells Brook-St. Catherine's. Statistics Canada lists 60.8 square kilometres of land for the community.

The calculated density is 6.3 people per square kilometre.

By population it ranks 190 among the Newfoundland and Labrador places covered here.

Mount Carmel-Mitchells Brook-St. Catherine's sits at rank 190 among the 322 Newfoundland and Labrador places here, with 382 residents in the 2021 Census.

Mount Carmel-Mitchells Brook-St. Catherine's is one of 322 covered Newfoundland and Labrador places, counted at 382 residents with a land area of 60.8 square kilometres.

Where a figure for Mount Carmel-Mitchells Brook-St. Catherine's could not be verified, the page names the publisher instead of printing a number.

Readers comparing Mount Carmel-Mitchells Brook-St. Catherine's with another community can use the same four census fields.

The land area recorded for Mount Carmel-Mitchells Brook-St. Catherine's is 60.8 square kilometres, and the population is 382 residents in the 2021 Census.

For Mount Carmel-Mitchells Brook-St. Catherine's, the two census fields above are the only local statistics used anywhere on the page.

Mount Carmel-Mitchells Brook-St. Catherine's ranks 190 by 2021 Census population among the covered places in Newfoundland and Labrador.

The density figure for Mount Carmel-Mitchells Brook-St. Catherine's, 6.3 people per square kilometre, is calculated from the population and land area above.

The Mount Carmel-Mitchells Brook-St. Catherine's page follows the same structure as every other place page, with population, land area, density and rank.

At 382 residents in the 2021 Census, Mount Carmel-Mitchells Brook-St. Catherine's is listed alongside the other covered places in Newfoundland and Labrador.

Mount Carmel-Mitchells Brook-St. Catherine's sits at rank 190 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

Mount Carmel-Mitchells Brook-St. Catherine's appears in the census record with 382 residents, and the density of 6.3 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.

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 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.

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

Borrowing in Mount Carmel-Mitchells Brook-St. Catherine's

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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