Borrowing in Port au Port East, Newfoundland and Labrador

Port au Port East, Newfoundland and Labrador, recorded a population of 413 in the 2021 Census; the rules that govern a loan signed there are provincial.

How borrowing works locally

A mortgage is registered against the property, which is what gives the lender its claim.

A consumer proposal or a bankruptcy is administered by a licensed insolvency trustee rather than by a lender. Payment history is reported to credit agencies, and that record is what builds or damages a credit file over time.

Products compared here

The site describes 20 products in total; the two below are representative of the range.

• Payday loans: Small, short-term advances against a pay date, the most tightly regulated product in Canadian consumer credit.
• No credit check loans: What lenders who advertise without a credit check actually look at instead, and where the cost goes.

The census figures for Port au Port East

Port au Port East recorded a population of 413 in Statistics Canada's 2021 Census of Population. 25.1 square kilometres of land are attributed to Port au Port East.

Population divided by land area produces a density of 16.5 people per square kilometre.

Among covered Newfoundland and Labrador places, Port au Port East sits at rank 177 by population.

Port au Port East sits at rank 177 among the 322 Newfoundland and Labrador places here, with 413 residents in the 2021 Census.

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.

The federal Payday Lending Regulations (SOR/2024-114) list Newfoundland and Labrador among the provinces that regulate payday lending, where the federal Payday Lending Regulations (SOR/2024-114) cap the cost of borrowing at $14 per $100 advanced.

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.

Readers comparing Port au Port East with another community can use the same four census fields.

At 413 residents in the 2021 Census, Port au Port East is listed alongside the other covered places in Newfoundland and Labrador.

Port au Port East is one of 322 covered Newfoundland and Labrador places, counted at 413 residents with a land area of 25.1 square kilometres.

Port au Port East ranks 177 by 2021 Census population among the covered places in Newfoundland and Labrador.

The density figure for Port au Port East, 16.5 people per square kilometre, is calculated from the population and land area above.

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

Port au Port East appears in the census record with 413 residents, and the density of 16.5 people per square kilometre follows from it.

The land area recorded for Port au Port East is 25.1 square kilometres, and the population is 413 residents in the 2021 Census.

Port au Port East sits at rank 177 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

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

Population and land area figures come from Statistics Canada's 2021 Census of Population; regulatory statements are attributed to the federal Payday Lending Regulations (SOR/2024-114).

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