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Borrowing in Souris West, Prince Edward Island

Population 379, land area 7.7 square kilometres: the census facts for Souris West, plus how consumer credit is regulated in Prince Edward Island.

Province Prince Edward Island (PE)
Population, 2021 Census 379
Land area 7.7 km²
Provincial regulator See the FCAC list

This page covers borrowing in Souris West, Prince Edward Island: the census facts, the provincial rules, and the products people compare.

The Prince Edward Island rules that apply

The regulator for consumer credit in Prince Edward Island is the body listed by the federal Payday Lending Regulations (SOR/2024-114) provincial and territorial regulators.

The federal Payday Lending Regulations (SOR/2024-114) list Prince Edward Island among the provinces that regulate payday lending, where the federal Payday Lending Regulations (SOR/2024-114) cap the cost of borrowing at $14 per $100 advanced.

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

The census figures for Souris West

In the 2021 Census, Souris West had 379 residents. 7.7 square kilometres of land are attributed to Souris West.

Dividing population by land area gives 49.0 residents per square kilometre, rounded to one decimal place.

By population it ranks 55 among the Prince Edward Island places covered here.

The place record for Souris West covers 7.7 square kilometres and 379 residents, a density of 49.0 people per square kilometre.

Products compared here

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

  • Collateral loans: Borrowing against an asset a lender will hold, from vehicles to savings, and what happens on default.
  • Car loans: Financing a vehicle, including the effect of trade-in equity, negative equity and dealer-arranged credit.

How borrowing works locally

A lender's assessment looks at income, existing obligations, the credit file, and the asset pledged where there is one.

A prepayment privilege allows a borrower to pay more than the scheduled amount, sometimes with a charge attached. A secured product gives the lender a claim on a named asset, which is why its price is usually lower than an unsecured equivalent.

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

Souris West ranks 55 by 2021 Census population among the covered places in Prince Edward Island.

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

Souris West sits at rank 55 within Prince Edward Island in this data set, and the provincial rules apply as they do elsewhere.

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

Souris West appears in the census record with 379 residents, and the density of 49.0 people per square kilometre follows from it.

Souris West is one of 91 covered Prince Edward Island places, counted at 379 residents with a land area of 7.7 square kilometres.

The density figure for Souris West, 49.0 people per square kilometre, is calculated from the population and land area above.

The land area recorded for Souris West is 7.7 square kilometres, and the population is 379 residents in the 2021 Census.

At 379 residents in the 2021 Census, Souris West is listed alongside the other covered places in Prince Edward Island.

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.

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

Population and land area: Statistics Canada, Census of Population 2021, table 98-10-0002.

Borrowing in Souris West

Personal loans A fixed sum repaid on a schedule, usually unsecured, for almost any purpose a lender will accept. Bad credit loans Borrowing when the credit file is damaged, and what changes about price and security as a result. No credit check loans What lenders who advertise without a credit check actually look at instead, and where the cost goes. Lines of credit A revolving limit you draw on and repay, usually paying interest only on what is outstanding. Unsecured loans Borrowing with no asset pledged, priced for the risk the lender is taking on your file alone. Secured loans Borrowing against an asset, which lowers the price but puts the asset at risk if you default. Car loans Financing a vehicle, including the effect of trade-in equity, negative equity and dealer-arranged credit. Mortgage loans Borrowing against residential property, including how a federally regulated lender tests the file. Home equity loans Converting property equity into credit, and the difference between a lump sum and a revolving limit. Mortgage refinancing Replacing an existing mortgage to change the rate, the term or the amount borrowed, and what it costs. Home renovation loans Paying for work on a property, from a small unsecured instalment loan to a secured renovation product. Business loans Commercial borrowing, what lenders read in a business file, and how the assessment differs from personal credit. Business lines of credit A revolving operating limit for a business, and why it behaves differently from a term loan. Debt consolidation loans Replacing several expensive debts with one payment, and the arithmetic that decides whether it helps. Debt relief programs The formal and informal routes out of unmanageable debt in Canada, and who is licensed to run them. Payday loans Small, short-term advances against a pay date, the most tightly regulated product in Canadian consumer credit. Cash advance loans Immediate short-term cash, including the difference between a cash advance on credit and a payday-style advance. Emergency loans Money for an urgent expense, and the order in which a sensible borrower works through the options. Instalment loans A fixed number of fixed payments, sized larger and longer than a payday advance. Collateral loans Borrowing against an asset a lender will hold, from vehicles to savings, and what happens on default.

Nearby places

Charlottetown 38,809 Summerside 16,001 Stratford 10,927 Three Rivers 7,883 Cornwall 6,574 New Glasgow 4,277

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