Borrowing in Murray River, Part 2, Prince Edward Island

A loan taken out in Murray River, Part 2 is governed by Prince Edward Island's licensing rules, and the 2021 Census counted 346 people in the community.

The census figures for Murray River, Part 2

The 2021 Census counted 346 residents in Murray River, Part 2. The census records a land area of 38.9 square kilometres for Murray River, Part 2.

Dividing population by land area gives 8.9 residents per square kilometre, rounded to one decimal place.

The 2021 Census population places it at rank 60 in the province.

The place record for Murray River, Part 2 covers 38.9 square kilometres and 346 residents, a density of 8.9 people per square kilometre.

The Prince Edward Island rules that apply

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

A payday advance in Prince Edward Island falls under a provincial licensing regime, and the cost of borrowing is capped at $14 per $100 advanced according to the federal Payday Lending Regulations (SOR/2024-114).

Communities of this size are listed here with population, land area and density, and the lending rules remain provincial.

How borrowing works locally

Payment history is reported to credit agencies, and that record is what builds or damages a credit file over time.

Interest on a line of credit accrues only on the drawn portion, not on the unused limit. A consumer proposal or a bankruptcy is administered by a licensed insolvency trustee rather than by a lender.

Products compared here

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

• Unsecured loans: Borrowing with no asset pledged, priced for the risk the lender is taking on your file alone.
• Business loans: Commercial borrowing, what lenders read in a business file, and how the assessment differs from personal credit.

Readers comparing Murray River, Part 2 with another community can use the same four census fields.

The Murray River, Part 2 page follows the same structure as every other place page, with population, land area, density and rank.

The density figure for Murray River, Part 2, 8.9 people per square kilometre, is calculated from the population and land area above.

Where a figure for Murray River, Part 2 could not be verified, the page names the publisher instead of printing a number.

Murray River, Part 2 is one of 91 covered Prince Edward Island places, counted at 346 residents with a land area of 38.9 square kilometres.

Murray River, Part 2 appears in the census record with 346 residents, and the density of 8.9 people per square kilometre follows from it.

At 346 residents in the 2021 Census, Murray River, Part 2 is listed alongside the other covered places in Prince Edward Island.

Murray River, Part 2 ranks 60 by 2021 Census population among the covered places in Prince Edward Island.

Nothing on the Murray River, Part 2 page is estimated; the population and land area come from Statistics Canada's 2021 Census of Population.

Murray River, Part 2 sits at rank 60 within Prince Edward Island 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.

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.