Borrowing in Hay River, Northwest Territories

Hay River is one of the Northwest Territories communities covered here, with a 2021 Census population of 3,169, and borrowing there is licensed under Northwest Territories's consumer credit rules.

The census figures for Hay River

Population for Hay River stands at 3,169 in the 2021 Census. The community covers 122.4 square kilometres of land.

The calculated density is 25.9 people per square kilometre.

Hay River ranks 2 by population among the Northwest Territories places on this site.

Hay River is one of 29 places listed for Northwest Territories, ranked 2 by population and measured at 122.4 square kilometres.

The Northwest Territories rules that apply

Consumer lending in Northwest Territories is licensed provincially or territorially, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators where the current position appears.

No territorial payday cap is published for Northwest Territories; the federal Payday Lending Regulations (SOR/2024-114) confirm that the territories have no specific payday lending rules, and the limit should be confirmed with the regulator.

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

How borrowing works locally

Interest on a line of credit accrues only on the drawn portion, not on the unused limit.

A longer amortisation lowers each payment and raises the total interest paid over the life of the loan. Disclosure requirements mean the cost of borrowing must be stated before an agreement is signed.

Products compared here

Among the 20 products compared here, these two are commonly used for the purposes described.

• Business lines of credit: A revolving operating limit for a business, and why it behaves differently from a term loan.
• Collateral loans: Borrowing against an asset a lender will hold, from vehicles to savings, and what happens on default.

Hay River is one of 29 covered Northwest Territories places, counted at 3,169 residents with a land area of 122.4 square kilometres.

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

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

Hay River appears in the census record with 3,169 residents, and the density of 25.9 people per square kilometre follows from it.

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

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

Hay River sits at rank 2 within Northwest Territories in this data set, and the provincial rules apply as they do elsewhere.

The land area recorded for Hay River is 122.4 square kilometres, and the population is 3,169 residents in the 2021 Census.

The density figure for Hay River, 25.9 people per square kilometre, is calculated from the population and land area above.

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

Hay River ranks 2 by 2021 Census population among the covered places in Northwest Territories.

At 3,169 residents in the 2021 Census, Hay River is listed alongside the other covered places in Northwest Territories.

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.

Compare the disclosure on any agreement against the provincial ceiling, and treat the census figures as the only local statistics on the page.