Borrowing in Trepassey, Newfoundland and Labrador

Trepassey, Newfoundland and Labrador, recorded a population of 405 in the 2021 Census; the rules that govern a loan signed there are provincial.

The census figures for Trepassey

Population for Trepassey stands at 405 in the 2021 Census. The census records a land area of 54.2 square kilometres for Trepassey.

The arithmetic gives 7.5 people per square kilometre.

The community is the 181st largest place in the province within this census set.

Compared with the other 322 covered Newfoundland and Labrador places, Trepassey ranks 181 by population.

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.

Communities of this size are listed here with population, land area and density, and the lending rules remain provincial.

How borrowing works locally

A longer amortisation lowers each payment and raises the total interest paid over the life of the loan.

Debt management plans are administered by accredited credit counsellors, and they are not loans. An application usually asks for identification, income evidence, banking details and a statement of obligations.

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.

• Lines of credit: A revolving limit you draw on and repay, usually paying interest only on what is outstanding.
• Home renovation loans: Paying for work on a property, from a small unsecured instalment loan to a secured renovation product.

Trepassey is one of 322 covered Newfoundland and Labrador places, counted at 405 residents with a land area of 54.2 square kilometres.

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

Trepassey ranks 181 by 2021 Census population among the covered places in Newfoundland and Labrador.

The land area recorded for Trepassey is 54.2 square kilometres, and the population is 405 residents in the 2021 Census.

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

Trepassey sits at rank 181 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

The density figure for Trepassey, 7.5 people per square kilometre, is calculated from the population and land area above.

At 405 residents in the 2021 Census, Trepassey is listed alongside the other covered places in Newfoundland and Labrador.

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

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

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

Trepassey appears in the census record with 405 residents, and the density of 7.5 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.

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).

Lending rules change, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators where the current position is confirmed.