Victoria Cove was originally called Little House Cove and was visited since the mid-19th century by fishermen who would do woods work in the winter. Permanent settlement did not begin until 1894 and the first settler is believed to have been Richard Bursey. Other family names that came to Victoria Cove in the 19th century, mostly from Fogo and Change Islands, were:
John Wesley Webb, one of the first settlers in Victoria Cove is said to have chosen the name Victoria Cove in 1896 to honour the Queen.
Victoria Cove was first recorded in the 1911 Census with a population of 140. The first business was opened by Esau Record in 1920. The population decreased as the Labrador and local fishery decreased. Population was 250 in 1956.
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