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Borrowing in Union Road, Prince Edward Island

How borrowing works in Union Road, Prince Edward Island, where the 2021 Census counted 213 residents.

Province Prince Edward Island (PE)
Population, 2021 Census 213
Land area 10.3 km²
Provincial regulator See the FCAC list

Union Road is one of the Prince Edward Island places covered here, with 213 residents recorded in the 2021 Census and the same provincial rulebook as the rest of the province.

The census figures for Union Road

213 people were counted in Union Road in the 2021 Census. Statistics Canada lists 10.3 square kilometres of land for the community.

Dividing population by land area gives 20.6 residents per square kilometre, rounded to one decimal place.

The 2021 Census population places it at rank 82 in the province.

Union Road sits at rank 82 among the 91 Prince Edward Island places here, with 213 residents in the 2021 Census.

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.

  • Debt relief programs: The formal and informal routes out of unmanageable debt in Canada, and who is licensed to run them.
  • Bad credit loans: Borrowing when the credit file is damaged, and what changes about price and security as a result.

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.

The federal Payday Lending Regulations (SOR/2024-114) count Prince Edward Island among the provinces with payday lending rules, where the published maximum cost of borrowing is $14 per $100 advanced under SOR/2024-114.

This is a small community by population, inside the lowest band used on this site, and the provincial framework applies without variation.

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 revolving product charges interest on the outstanding balance, while an instalment product charges a fixed schedule of payments. A longer amortisation lowers each payment and raises the total interest paid over the life of the loan.

Union Road ranks 82 by 2021 Census population among the covered places in Prince Edward Island.

The land area recorded for Union Road is 10.3 square kilometres, and the population is 213 residents in the 2021 Census.

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

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

Union Road sits at rank 82 within Prince Edward Island in this data set, and the provincial rules apply as they do elsewhere.

Union Road appears in the census record with 213 residents, and the density of 20.6 people per square kilometre follows from it.

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

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

Readers comparing Union Road with another community can use the same four census fields.

At 213 residents in the 2021 Census, Union Road 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.

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 Union Road

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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