Borrowing in Tyne Valley, Prince Edward Island

Tyne Valley is one of the Prince Edward Island communities covered here, with a 2021 Census population of 229, and borrowing there is licensed under Prince Edward Island's consumer credit rules.

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.

Places in the smallest population band are grouped here as small communities, and the pages carry the same census fields and the same provincial rules as the largest city.

How borrowing works locally

A broker arranges credit but does not lend, and the lender remains the party that makes the decision.

A payday advance is repaid on a pay date, while an instalment loan is repaid over a set number of payments. A longer amortisation lowers each payment and raises the total interest paid over the life of the loan.

The census figures for Tyne Valley

Statistics Canada's 2021 Census gives Tyne Valley a population of 229. The census records a land area of 1.9 square kilometres for Tyne Valley.

The arithmetic gives 118.0 people per square kilometre.

Its provincial population rank is 77 within this data set.

Tyne Valley sits at rank 77 among the 91 Prince Edward Island places here, with 229 residents in the 2021 Census.

Products compared here

Among the 20 products compared here, these two are commonly used for the purposes described.

• Debt relief programs: The formal and informal routes out of unmanageable debt in Canada, and who is licensed to run them.
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Nothing on the Tyne Valley page is estimated; the population and land area come from Statistics Canada's 2021 Census of Population.

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

Tyne Valley sits at rank 77 within Prince Edward Island in this data set, and the provincial rules apply as they do elsewhere.

The density figure for Tyne Valley, 118.0 people per square kilometre, is calculated from the population and land area above.

The land area recorded for Tyne Valley is 1.9 square kilometres, and the population is 229 residents in the 2021 Census.

Tyne Valley ranks 77 by 2021 Census population among the covered places in Prince Edward Island.

Readers comparing Tyne Valley with another community can use the same four census fields.

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

At 229 residents in the 2021 Census, Tyne Valley is listed alongside the other covered places in Prince Edward Island.

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

Tyne Valley is one of 91 covered Prince Edward Island places, counted at 229 residents with a land area of 1.9 square kilometres.

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.