Borrowing in Salmon Cove, Newfoundland and Labrador

Salmon Cove is one of the Newfoundland and Labrador places covered here, with 764 residents recorded in the 2021 Census and the same provincial rulebook as the rest of the province.

The Newfoundland and Labrador rules that apply

Consumer credit in Newfoundland and Labrador is licensed by the provincial or territorial regulator, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators.

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.

This is a small community by population, inside the lowest band used on this site, and the provincial framework applies without variation.

The census figures for Salmon Cove

Population for Salmon Cove stands at 764 in the 2021 Census. Its land area is 4.2 square kilometres.

The calculated density is 181.5 people per square kilometre.

Salmon Cove ranks 98 by population among the Newfoundland and Labrador places on this site.

Compared with the other 322 covered Newfoundland and Labrador places, Salmon Cove ranks 98 by population.

Products compared here

These are two of the 20 products described on the site, and each has a national page as well as the provincial rules.

• Mortgage loans: Borrowing against residential property, including how a federally regulated lender tests the file.
• Debt relief programs: The formal and informal routes out of unmanageable debt in Canada, and who is licensed to run them.

How borrowing works locally

Debt management plans are administered by accredited credit counsellors, and they are not loans.

A secured product gives the lender a claim on a named asset, which is why its price is usually lower than an unsecured equivalent. A revolving product charges interest on the outstanding balance, while an instalment product charges a fixed schedule of payments.

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

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

At 764 residents in the 2021 Census, Salmon Cove is listed alongside the other covered places in Newfoundland and Labrador.

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

Salmon Cove sits at rank 98 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

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

Salmon Cove is one of 322 covered Newfoundland and Labrador places, counted at 764 residents with a land area of 4.2 square kilometres.

Salmon Cove appears in the census record with 764 residents, and the density of 181.5 people per square kilometre follows from it.

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

The land area recorded for Salmon Cove is 4.2 square kilometres, and the population is 764 residents in the 2021 Census.

The density figure for Salmon Cove, 181.5 people per square kilometre, is calculated from the population and land area above.

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.