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Borrowing in St. Felix, Prince Edward Island

How borrowing works in St. Felix, Prince Edward Island, where the 2021 Census counted 314 residents.

Province Prince Edward Island (PE)
Population, 2021 Census 314
Land area 11.5 km²
Provincial regulator See the FCAC list

With 314 residents counted in the 2021 Census, St. Felix sits inside Prince Edward Island's provincial lending framework.

The Prince Edward Island rules that apply

The body that licenses consumer lending in Prince Edward Island is the regulator named on the federal Payday Lending Regulations (SOR/2024-114)'s 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.

Small places are covered the same way as large ones: census figures for the place, and the provincial position on lending.

The census figures for St. Felix

Statistics Canada's 2021 Census gives St. Felix a population of 314. Statistics Canada lists 11.5 square kilometres of land for the community.

The arithmetic gives 27.2 people per square kilometre.

St. Felix ranks 67 by population among the Prince Edward Island places on this site.

St. Felix sits at rank 67 among the 91 Prince Edward Island places here, with 314 residents in the 2021 Census.

Products compared here

Two of the 20 covered products appear below, each with the purpose the product is designed for.

  • Mortgage refinancing: Replacing an existing mortgage to change the rate, the term or the amount borrowed, and what it costs.
  • Cash advance loans: Immediate short-term cash, including the difference between a cash advance on credit and a payday-style advance.

How borrowing works locally

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. Joint applications combine two incomes and two sets of obligations in the same assessment.

The land area recorded for St. Felix is 11.5 square kilometres, and the population is 314 residents in the 2021 Census.

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

St. Felix sits at rank 67 within Prince Edward Island in this data set, and the provincial rules apply as they do elsewhere.

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

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

St. Felix appears in the census record with 314 residents, and the density of 27.2 people per square kilometre follows from it.

The density figure for St. Felix, 27.2 people per square kilometre, is calculated from the population and land area above.

St. Felix is one of 91 covered Prince Edward Island places, counted at 314 residents with a land area of 11.5 square kilometres.

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

St. Felix ranks 67 by 2021 Census population among the covered places in Prince Edward Island.

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

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

Census figures are from Statistics Canada's 2021 Census of Population, and the payday position is taken from the federal Payday Lending Regulations (SOR/2024-114).

The provincial rules apply wherever a borrower is in Prince Edward Island; a municipal boundary does not change them.

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

Borrowing in St. Felix

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.

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