Borrowing in Inuvik, Northwest Territories

A loan taken out in Inuvik is governed by Northwest Territories's licensing rules, and the 2021 Census counted 3,137 people in the community.

The Northwest Territories rules that apply

Consumer credit in Northwest Territories 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) note that the territories do not have specific payday lending rules, which leaves Northwest Territories without a published territorial cap.

Places in the smallest population band are grouped here as small communities, and the pages carry the same census fields and the same provincial rules as the largest city.

The census figures for Inuvik

Inuvik recorded a population of 3,137 in Statistics Canada's 2021 Census of Population. Statistics Canada lists 62.7 square kilometres of land for the community.

That gives a density of 50.0 people per square kilometre, rounded to one decimal place.

The community is the 3rd largest place in the province within this census set.

Inuvik sits at rank 3 among the 29 Northwest Territories places here, with 3,137 residents in the 2021 Census.

Products compared here

The product pages behind this city cover the following borrowing categories, among the 20 products compared nationally.

• Personal loans: A fixed sum repaid on a schedule, usually unsecured, for almost any purpose a lender will accept.
• Mortgage loans: Borrowing against residential property, including how a federally regulated lender tests the file.

How borrowing works locally

A provincial regulator publishes licensing requirements, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators.

Disclosure requirements mean the cost of borrowing must be stated before an agreement is signed. A revolving product charges interest on the outstanding balance, while an instalment product charges a fixed schedule of payments.

Inuvik ranks 3 by 2021 Census population among the covered places in Northwest Territories.

The density figure for Inuvik, 50.0 people per square kilometre, is calculated from the population and land area above.

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

Inuvik sits at rank 3 within Northwest Territories in this data set, and the provincial rules apply as they do elsewhere.

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

The land area recorded for Inuvik is 62.7 square kilometres, and the population is 3,137 residents in the 2021 Census.

Inuvik appears in the census record with 3,137 residents, and the density of 50.0 people per square kilometre follows from it.

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

At 3,137 residents in the 2021 Census, Inuvik is listed alongside the other covered places in Northwest Territories.

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

Inuvik is one of 29 covered Northwest Territories places, counted at 3,137 residents with a land area of 62.7 square kilometres.

The Inuvik 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.

Statistics Canada's 2021 Census of Population supplies the population and land-area figures, and the federal Payday Lending Regulations (SOR/2024-114) supply the payday position.

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.