Borrowing in Rocky Harbour, Newfoundland and Labrador

This page covers borrowing in Rocky Harbour, Newfoundland and Labrador: the census facts, the provincial rules, and the products people compare.

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.

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

How borrowing works locally

A provincial regulator publishes licensing requirements, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators.

A lender's assessment looks at income, existing obligations, the credit file, and the asset pledged where there is one. Adding a co-signer puts a second file in front of the lender and adds a second person to the obligation.

The census figures for Rocky Harbour

The 2021 Census counted 937 residents in Rocky Harbour. Land area for Rocky Harbour is 12.1 square kilometres in the same census.

That gives a density of 77.6 people per square kilometre, rounded to one decimal place.

Its provincial population rank is 84 within this data set.

Rocky Harbour is one of 322 places listed for Newfoundland and Labrador, ranked 84 by population and measured at 12.1 square kilometres.

Products compared here

Among the 20 products compared here, these two are commonly used for the purposes described.

• Debt consolidation loans: Replacing several expensive debts with one payment, and the arithmetic that decides whether it helps.
• Personal loans: A fixed sum repaid on a schedule, usually unsecured, for almost any purpose a lender will accept.

Rocky Harbour ranks 84 by 2021 Census population among the covered places in Newfoundland and Labrador.

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

Readers comparing Rocky Harbour with another community can use the same four census fields.

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

At 937 residents in the 2021 Census, Rocky Harbour is listed alongside the other covered places in Newfoundland and Labrador.

Rocky Harbour is one of 322 covered Newfoundland and Labrador places, counted at 937 residents with a land area of 12.1 square kilometres.

The density figure for Rocky Harbour, 77.6 people per square kilometre, is calculated from the population and land area above.

Rocky Harbour sits at rank 84 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

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

The land area recorded for Rocky Harbour is 12.1 square kilometres, and the population is 937 residents in the 2021 Census.

Rocky Harbour appears in the census record with 937 residents, and the density of 77.6 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.

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).

Compare the disclosure on any agreement against the provincial ceiling, and treat the census figures as the only local statistics on the page.