Borrowing in Victoria, Newfoundland and Labrador

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

The Newfoundland and Labrador rules that apply

The body that licenses consumer lending in Newfoundland and Labrador is the regulator named on the federal Payday Lending Regulations (SOR/2024-114)'s list of provincial and territorial regulators.

The federal Payday Lending Regulations (SOR/2024-114) count Newfoundland and Labrador among the provinces with payday lending rules, where the published maximum cost of borrowing is $14 per $100 advanced under SOR/2024-114.

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 Victoria

Statistics Canada's 2021 Census gives Victoria a population of 1,658. Statistics Canada lists 18.0 square kilometres of land for the community.

The calculated density is 92.3 people per square kilometre.

Among covered Newfoundland and Labrador places, Victoria sits at rank 50 by population.

Victoria sits at rank 50 among the 322 Newfoundland and Labrador places here, with 1,658 residents in the 2021 Census.

Products compared here

The site describes 20 products in total; the two below are representative of the range.

• 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.

How borrowing works locally

Joint applications combine two incomes and two sets of obligations in the same assessment.

A provincial regulator publishes licensing requirements, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators. A deposit or trade-in reduces the amount financed and therefore the interest charged over the term.

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

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

Victoria is one of 322 covered Newfoundland and Labrador places, counted at 1,658 residents with a land area of 18.0 square kilometres.

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

The density figure for Victoria, 92.3 people per square kilometre, is calculated from the population and land area above.

Victoria sits at rank 50 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

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

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

The land area recorded for Victoria is 18.0 square kilometres, and the population is 1,658 residents in the 2021 Census.

At 1,658 residents in the 2021 Census, Victoria is listed alongside the other covered places in Newfoundland and Labrador.

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).

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