Borrowing in Norris Point, Newfoundland and Labrador

Norris Point, Newfoundland and Labrador, recorded a population of 602 in the 2021 Census; the rules that govern a loan signed there are provincial.

The census figures for Norris Point

602 people were counted in Norris Point in the 2021 Census. Statistics Canada lists 4.8 square kilometres of land for the community.

On those two figures, density is 124.4 residents per square kilometre when rounded to one decimal place.

The 2021 Census population places it at rank 125 in the province.

Norris Point therefore appears at rank 125 of 322 covered Newfoundland and Labrador places, with a density of 124.4 people per square kilometre.

Products compared here

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

• 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.

The Newfoundland and Labrador rules that apply

Provincial or territorial law decides who may lend in Newfoundland and Labrador, and the Financial Consumer Agency of Canada publishes the list that names the regulator responsible.

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).

Small places are covered the same way as large ones: census figures for the place, and the provincial position on lending.

How borrowing works locally

Adding a co-signer puts a second file in front of the lender and adds a second person to the obligation.

A mortgage is registered against the property, which is what gives the lender its claim. Joint applications combine two incomes and two sets of obligations in the same assessment.

At 602 residents in the 2021 Census, Norris Point is listed alongside the other covered places in Newfoundland and Labrador.

Norris Point appears in the census record with 602 residents, and the density of 124.4 people per square kilometre follows from it.

Norris Point sits at rank 125 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

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

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

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

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

The density figure for Norris Point, 124.4 people per square kilometre, is calculated from the population and land area above.

Norris Point is one of 322 covered Newfoundland and Labrador places, counted at 602 residents with a land area of 4.8 square kilometres.

The land area recorded for Norris Point is 4.8 square kilometres, and the population is 602 residents in the 2021 Census.

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

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.