Borrowing in Rushoon, Newfoundland and Labrador

Rushoon, Newfoundland and Labrador, recorded a population of 229 in the 2021 Census; the rules that govern a loan signed there are provincial.

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.

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

A revolving product charges interest on the outstanding balance, while an instalment product charges a fixed schedule of payments.

A deposit or trade-in reduces the amount financed and therefore the interest charged over the term. Provincial licensing decides who may lend, and federal rules add a ceiling where a licensed payday regime exists.

The census figures for Rushoon

Statistics Canada's 2021 Census gives Rushoon a population of 229. The community covers 5.9 square kilometres of land.

On those two figures, density is 38.9 residents per square kilometre when rounded to one decimal place.

Rushoon ranks 252 by population among the Newfoundland and Labrador places on this site.

Compared with the other 322 covered Newfoundland and Labrador places, Rushoon ranks 252 by population.

Products compared here

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

• 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.

The land area recorded for Rushoon is 5.9 square kilometres, and the population is 229 residents in the 2021 Census.

Rushoon sits at rank 252 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

Rushoon is one of 322 covered Newfoundland and Labrador places, counted at 229 residents with a land area of 5.9 square kilometres.

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

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

The density figure for Rushoon, 38.9 people per square kilometre, is calculated from the population and land area above.

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

Rushoon appears in the census record with 229 residents, and the density of 38.9 people per square kilometre follows from it.

Rushoon ranks 252 by 2021 Census population among the covered places in Newfoundland and Labrador.

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

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

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.

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