Borrowing in Westport, Newfoundland and Labrador

Westport is one of the Newfoundland and Labrador places covered here, with 185 residents recorded in the 2021 Census and the same provincial rulebook as the rest of the province.

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.

The federal payday lending regulations, SOR/2024-114, cap the cost of borrowing at $14 per $100 advanced in Newfoundland and Labrador, which the federal Payday Lending Regulations (SOR/2024-114) list as a province that regulates the product.

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 Westport

Statistics Canada's 2021 Census gives Westport a population of 185. Its land area is 5.2 square kilometres.

The arithmetic gives 35.4 people per square kilometre.

Among covered Newfoundland and Labrador places, Westport sits at rank 272 by population.

Compared with the other 322 covered Newfoundland and Labrador places, Westport ranks 272 by population.

Products compared here

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

• Car loans: Financing a vehicle, including the effect of trade-in equity, negative equity and dealer-arranged credit.
• Debt consolidation loans: Replacing several expensive debts with one payment, and the arithmetic that decides whether it helps.

How borrowing works locally

A payday advance is repaid on a pay date, while an instalment loan is repaid over a set number of payments.

A broker arranges credit but does not lend, and the lender remains the party that makes the decision. A lender is free to set its own price below the legal ceiling, and it does so according to the risk it reads in the file.

Westport is one of 322 covered Newfoundland and Labrador places, counted at 185 residents with a land area of 5.2 square kilometres.

Westport sits at rank 272 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

Westport appears in the census record with 185 residents, and the density of 35.4 people per square kilometre follows from it.

At 185 residents in the 2021 Census, Westport is listed alongside the other covered places in Newfoundland and Labrador.

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

The land area recorded for Westport is 5.2 square kilometres, and the population is 185 residents in the 2021 Census.

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

The density figure for Westport, 35.4 people per square kilometre, is calculated from the population and land area above.

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

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

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

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).

The same structure is used for every place covered, so two communities can be compared field by field: population, land area, density, rank, and the provincial rules.