Borrowing in Point Leamington, Newfoundland and Labrador

Point Leamington is one of the Newfoundland and Labrador communities covered here, with a 2021 Census population of 574, and borrowing there is licensed under Newfoundland and Labrador's consumer credit rules.

Products compared here

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

• 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.

How borrowing works locally

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

A payday advance is repaid on a pay date, while an instalment loan is repaid over a set number of payments. Interest on a line of credit accrues only on the drawn portion, not on the unused limit.

The Newfoundland and Labrador rules that apply

Licensing for consumer credit in Newfoundland and Labrador sits with the province or territory, and the Financial Consumer Agency of Canada maintains the public list of provincial and territorial regulators.

In Newfoundland and Labrador, payday lending operates under a licensed provincial regime, and the federal Payday Lending Regulations (SOR/2024-114) record a maximum cost of borrowing of $14 for each $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 Point Leamington

In the 2021 Census, Point Leamington had 574 residents. The community covers 26.8 square kilometres of land.

The arithmetic gives 21.4 people per square kilometre.

The 2021 Census population places it at rank 136 in the province.

The place record for Point Leamington covers 26.8 square kilometres and 574 residents, a density of 21.4 people per square kilometre.

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

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

Point Leamington ranks 136 by 2021 Census population among the covered places in Newfoundland and Labrador.

Point Leamington is one of 322 covered Newfoundland and Labrador places, counted at 574 residents with a land area of 26.8 square kilometres.

Point Leamington sits at rank 136 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

Point Leamington appears in the census record with 574 residents, and the density of 21.4 people per square kilometre follows from it.

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

The land area recorded for Point Leamington is 26.8 square kilometres, and the population is 574 residents in the 2021 Census.

At 574 residents in the 2021 Census, Point Leamington is listed alongside the other covered places in Newfoundland and Labrador.

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

The Point Leamington 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.

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.

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.