Borrowing in South Brook, Newfoundland and Labrador

With 420 residents counted in the 2021 Census, South Brook sits inside Newfoundland and Labrador's provincial lending framework.

The census figures for South Brook

Population for South Brook stands at 420 in the 2021 Census. Statistics Canada lists 8.7 square kilometres of land for the community.

The arithmetic gives 48.2 people per square kilometre.

By population it ranks 173 among the Newfoundland and Labrador places covered here.

Within Newfoundland and Labrador, South Brook is place number 173 by population in this census set, at 420 residents.

Products compared here

Two of the 20 covered products appear below, each with the purpose the product is designed for.

• 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 Newfoundland and Labrador rules that apply

The regulator for consumer credit in Newfoundland and Labrador is the body listed by the federal Payday Lending Regulations (SOR/2024-114) provincial and territorial regulators.

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 secured product gives the lender a claim on a named asset, which is why its price is usually lower than an unsecured equivalent.

Interest on a line of credit accrues only on the drawn portion, not on the unused limit. A mortgage is registered against the property, which is what gives the lender its claim.

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

South Brook sits at rank 173 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

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

South Brook appears in the census record with 420 residents, and the density of 48.2 people per square kilometre follows from it.

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

At 420 residents in the 2021 Census, South Brook is listed alongside the other covered places in Newfoundland and Labrador.

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

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

South Brook is one of 322 covered Newfoundland and Labrador places, counted at 420 residents with a land area of 8.7 square kilometres.

South Brook ranks 173 by 2021 Census population among the covered places in Newfoundland and Labrador.

The density figure for South Brook, 48.2 people per square kilometre, is calculated from the population and land area above.

The land area recorded for South Brook is 8.7 square kilometres, and the population is 420 residents in the 2021 Census.

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).

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