Borrowing in Port Hope Simpson, Newfoundland and Labrador

Port Hope Simpson is one of the Newfoundland and Labrador communities covered here, with a 2021 Census population of 403, 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.

• Personal loans: A fixed sum repaid on a schedule, usually unsecured, for almost any purpose a lender will accept.
• Mortgage loans: Borrowing against residential property, including how a federally regulated lender tests the file.

How borrowing works locally

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.

An application usually asks for identification, income evidence, banking details and a statement of obligations. Interest on a line of credit accrues only on the drawn portion, not on the unused limit.

The Newfoundland and Labrador rules that apply

Consumer lending in Newfoundland and Labrador is licensed provincially or territorially, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators where the current position appears.

Payday lending is licensed in Newfoundland and Labrador; the federal Payday Lending Regulations (SOR/2024-114) publish a cap of $14 per $100 advanced, and notes that a province may set a lower figure.

At the small end of the census range, the community still borrows inside the province's licensing system.

The census figures for Port Hope Simpson

Port Hope Simpson recorded a population of 403 in Statistics Canada's 2021 Census of Population. Land area for Port Hope Simpson is 32.0 square kilometres in the same census.

The calculated density is 12.6 people per square kilometre.

The 2021 Census population places it at rank 184 in the province.

Port Hope Simpson sits at rank 184 among the 322 Newfoundland and Labrador places here, with 403 residents in the 2021 Census.

The Port Hope Simpson page follows the same structure as every other place page, with population, land area, density and rank.

Port Hope Simpson is one of 322 covered Newfoundland and Labrador places, counted at 403 residents with a land area of 32.0 square kilometres.

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

The density figure for Port Hope Simpson, 12.6 people per square kilometre, is calculated from the population and land area above.

Port Hope Simpson appears in the census record with 403 residents, and the density of 12.6 people per square kilometre follows from it.

At 403 residents in the 2021 Census, Port Hope Simpson is listed alongside the other covered places in Newfoundland and Labrador.

For Port Hope Simpson, the two census fields above are the only local statistics used anywhere on the page.

The land area recorded for Port Hope Simpson is 32.0 square kilometres, and the population is 403 residents in the 2021 Census.

Port Hope Simpson sits at rank 184 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

Port Hope Simpson ranks 184 by 2021 Census population among the covered places in Newfoundland and Labrador.

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

Census figures are from Statistics Canada's 2021 Census of Population, and the payday position is taken from the federal Payday Lending Regulations (SOR/2024-114).

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