Borrowing in Cape Dorset, Nunavut

A loan taken out in Cape Dorset is governed by Nunavut's licensing rules, and the 2021 Census counted 1,396 people in the community.

How borrowing works locally

A secured product gives the lender a claim on a named asset, which is why its price is usually lower than an unsecured equivalent.

A provincial regulator publishes licensing requirements, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators. Joint applications combine two incomes and two sets of obligations in the same assessment.

Products compared here

Each product below has its own page, and the Nunavut position applies to all of them.

• No credit check loans: What lenders who advertise without a credit check actually look at instead, and where the cost goes.
• Mortgage refinancing: Replacing an existing mortgage to change the rate, the term or the amount borrowed, and what it costs.

The census figures for Cape Dorset

The 2021 Census counted 1,396 residents in Cape Dorset. The community covers 9.9 square kilometres of land.

Population divided by land area produces a density of 141.2 people per square kilometre.

Cape Dorset ranks 9 by population among the Nunavut places on this site.

Compared with the other 25 covered Nunavut places, Cape Dorset ranks 9 by population.

The Nunavut rules that apply

Consumer lending in Nunavut 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 Nunavut; 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.

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

The land area recorded for Cape Dorset is 9.9 square kilometres, and the population is 1,396 residents in the 2021 Census.

The density figure for Cape Dorset, 141.2 people per square kilometre, is calculated from the population and land area above.

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

Cape Dorset appears in the census record with 1,396 residents, and the density of 141.2 people per square kilometre follows from it.

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

Cape Dorset is one of 25 covered Nunavut places, counted at 1,396 residents with a land area of 9.9 square kilometres.

Cape Dorset ranks 9 by 2021 Census population among the covered places in Nunavut.

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

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

At 1,396 residents in the 2021 Census, Cape Dorset is listed alongside the other covered places in Nunavut.

Cape Dorset sits at rank 9 within Nunavut in this data set, and the provincial rules apply as they do elsewhere.

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.

Nothing here is an offer, and no page on this site can tell anyone what a lender will decide.