Borrowing in Whiteway, Newfoundland and Labrador

Whiteway, Newfoundland and Labrador, recorded a population of 351 in the 2021 Census; the rules that govern a loan signed there are provincial.

How borrowing works locally

Adding a co-signer puts a second file in front of the lender and adds a second person to the obligation.

A provincial regulator publishes licensing requirements, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators. Variable-rate products move with a reference rate, while fixed-rate products set the price for a defined term.

Products compared here

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

• Instalment loans: A fixed number of fixed payments, sized larger and longer than a payday advance.
• Secured loans: Borrowing against an asset, which lowers the price but puts the asset at risk if you default.

The census figures for Whiteway

The 2021 Census counted 351 residents in Whiteway. Its land area is 22.5 square kilometres.

That gives a density of 15.6 people per square kilometre, rounded to one decimal place.

The community is the 201st largest place in the province within this census set.

Whiteway is one of 322 places listed for Newfoundland and Labrador, ranked 201 by population and measured at 22.5 square kilometres.

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, 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.

The lowest band groups villages, rural municipalities and small towns, all read against the same provincial rulebook.

The land area recorded for Whiteway is 22.5 square kilometres, and the population is 351 residents in the 2021 Census.

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

Whiteway appears in the census record with 351 residents, and the density of 15.6 people per square kilometre follows from it.

Whiteway is one of 322 covered Newfoundland and Labrador places, counted at 351 residents with a land area of 22.5 square kilometres.

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

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

At 351 residents in the 2021 Census, Whiteway is listed alongside the other covered places in Newfoundland and Labrador.

Whiteway sits at rank 201 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

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

The density figure for Whiteway, 15.6 people per square kilometre, is calculated from the population and land area above.

Whiteway ranks 201 by 2021 Census population among the covered places in Newfoundland and Labrador.

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

loanmoose.ca is not a lender and does not make credit decisions. The lowest rates are only available to the most qualified applicants.

The 2021 Census of Population published by Statistics Canada is the source for population and land area; the federal Payday Lending Regulations (SOR/2024-114) are the source for payday rules.

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