Borrowing in North Rustico, Prince Edward Island

North Rustico is one of the Prince Edward Island places covered here, with 648 residents recorded in the 2021 Census and the same provincial rulebook as the rest of the province.

The census figures for North Rustico

Statistics Canada's 2021 Census gives North Rustico a population of 648. Its land area is 2.6 square kilometres.

Population divided by land area produces a density of 245.5 people per square kilometre.

By population it ranks 42 among the Prince Edward Island places covered here.

Compared with the other 91 covered Prince Edward Island places, North Rustico ranks 42 by population.

The Prince Edward Island rules that apply

Consumer credit in Prince Edward Island 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, cap the cost of borrowing at $14 per $100 advanced in Prince Edward Island, which the federal Payday Lending Regulations (SOR/2024-114) list as a province that regulates the product.

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

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 prepayment privilege allows a borrower to pay more than the scheduled amount, sometimes with a charge attached. A credit file is compiled by private agencies from information lenders and other creditors report.

Products compared here

These are two of the 20 products described on the site, and each has a national page as well as the provincial rules.

• Home renovation loans: Paying for work on a property, from a small unsecured instalment loan to a secured renovation product.
• Emergency loans: Money for an urgent expense, and the order in which a sensible borrower works through the options.

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

North Rustico is one of 91 covered Prince Edward Island places, counted at 648 residents with a land area of 2.6 square kilometres.

The density figure for North Rustico, 245.5 people per square kilometre, is calculated from the population and land area above.

North Rustico sits at rank 42 within Prince Edward Island in this data set, and the provincial rules apply as they do elsewhere.

At 648 residents in the 2021 Census, North Rustico is listed alongside the other covered places in Prince Edward Island.

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

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

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

North Rustico appears in the census record with 648 residents, and the density of 245.5 people per square kilometre follows from it.

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

The land area recorded for North Rustico is 2.6 square kilometres, and the population is 648 residents in the 2021 Census.

loanmoose.ca is not a lender and does not make credit decisions. The lowest rates are only available to the most qualified applicants.

Population and land area figures come from Statistics Canada's 2021 Census of Population; regulatory statements are attributed to the federal Payday Lending Regulations (SOR/2024-114).

Lending rules change, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators where the current position is confirmed.