Borrowing in Winterland, Newfoundland and Labrador

Winterland is one of the Newfoundland and Labrador places covered here, with 398 residents recorded in the 2021 Census and the same provincial rulebook as the rest of the province.

The Newfoundland and Labrador rules that apply

Provincial or territorial law decides who may lend in Newfoundland and Labrador, and the Financial Consumer Agency of Canada publishes the list that names the regulator responsible.

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.

How borrowing works locally

A broker arranges credit but does not lend, and the lender remains the party that makes the decision.

A shorter term raises each payment and lowers the total interest, which is the trade every schedule makes. A payday advance is repaid on a pay date, while an instalment loan is repaid over a set number of payments.

The census figures for Winterland

Statistics Canada's 2021 Census gives Winterland a population of 398. The community covers 54.4 square kilometres of land.

The arithmetic gives 7.3 people per square kilometre.

Its provincial population rank is 185 within this data set.

Winterland therefore appears at rank 185 of 322 covered Newfoundland and Labrador places, with a density of 7.3 people per square kilometre.

Products compared here

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

• Collateral loans: Borrowing against an asset a lender will hold, from vehicles to savings, and what happens on default.
• Car loans: Financing a vehicle, including the effect of trade-in equity, negative equity and dealer-arranged credit.

Winterland is one of 322 covered Newfoundland and Labrador places, counted at 398 residents with a land area of 54.4 square kilometres.

Winterland sits at rank 185 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

The land area recorded for Winterland is 54.4 square kilometres, and the population is 398 residents in the 2021 Census.

Winterland appears in the census record with 398 residents, and the density of 7.3 people per square kilometre follows from it.

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

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

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

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

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

The density figure for Winterland, 7.3 people per square kilometre, is calculated from the population and land area above.

At 398 residents in the 2021 Census, Winterland 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.

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.