Alberta Consumer Insolvency Trends
by debtsgo.ca
With data to March 31, 2023
AB
Monthly Filings
A five-year chart of consumer filings shows recent strong growth in both consumer proposals and total filings.
Consumer Proposals
Annual File Growth
To measure growth and include recent trends we eliminate variances occurring both month-to-month and seasonally by comparing total filings in the 12 months ending March 2023 with the 12 months ending March 2022.
Regions / Municipal Areas
Mean and Current Monthly Filings
We consider census metropolitan areas and regions and compare current volumes with the 10-year historical mean. Showing the current month as a percentage of the mean reveals the degree to which current filings exceed the mean.
Cities
Most Active This Month
Highest Annual Growth Rates
We filter out those cities having less than 120 filings per year and report the ten having the highest growth.
| City | 12.mos.to.Mar2023 | 12.mos.to.Mar2022 | Change | Percent Change |
|---|---|---|---|---|
| Fort McMurray | 476 | 364 | 112 | 30.8% |
| Lethbridge | 457 | 363 | 94 | 25.9% |
| Red Deer | 622 | 514 | 108 | 21.0% |
| Spruce Grove | 243 | 201 | 42 | 20.9% |
| Edmonton | 4197 | 3534 | 663 | 18.8% |
| Calgary | 4442 | 3824 | 618 | 16.2% |
| Medicine Hat | 324 | 281 | 43 | 15.3% |
| St. Albert | 196 | 174 | 22 | 12.6% |
| Grande Prairie | 326 | 303 | 23 | 7.6% |
| Sherwood Park | 240 | 237 | 3 | 1.3% |
Lowest Annual Growth Rates
We report five cities with the lowest growth rates.
| City | 12.mos.to.Mar2023 | 12.mos.to.Mar2022 | Change | Percent Change |
|---|---|---|---|---|
| Airdrie | 291 | 305 | -14 | -4.6% |
| Leduc | 171 | 170 | 1 | 0.6% |
| Sherwood Park | 240 | 237 | 3 | 1.3% |
| Grande Prairie | 326 | 303 | 23 | 7.6% |
| St. Albert | 196 | 174 | 22 | 12.6% |
10-Year Monthly Highs and Lows
For each city having at least 120 files annually, we determined the maximum and minimum monthly filings since 2013 and compared these to the current monthly filings to determine whether the city was experiencing an historic high or low number of filings.
Highs
Lows - none
Forward Sortation Areas
Most Active This Month
The 20 most active FSAs in the current month and their mean monthly filings since 2013.
| FSA | FSA.Place.Name | City | March2023 | Mean | March2023.over.Mean |
|---|---|---|---|---|---|
| T2A | Calgary (Penbrooke Meadows / Marlborough) | Calgary | 49 | 28 | 169.7% |
| T5T | Edmonton West (West Jasper Place / West Edmonton Mall) | Edmonton | 43 | 23 | 179.6% |
| T4N | Red Deer Central | Red Deer | 38 | 14 | 259.8% |
| T6L | Edmonton (East Mill Woods) | Edmonton | 36 | 16 | 215.6% |
| T3J | Calgary (Martindale / Taradale / Falconridge / Saddle Ridge) | Calgary | 35 | 23 | 149.8% |
| T6X | Edmonton (Ellerslie) | Edmonton | 31 | 11 | 275.7% |
| T1Y | Calgary (Rundle / Whitehorn / Monterey Park) | Calgary | 30 | 20 | 147.4% |
| T0C | Central Alberta (Stettler) | Rural Area | 29 | 11 | 243.8% |
| T0M | Central Foothills (Sundre) | Rural Area | 29 | 18 | 158.2% |
| T5Y | Edmonton (Landbank / Oliver / East Lake District) | Edmonton | 28 | 14 | 194.0% |
| T2X | Calgary (Midnapore / Sundance) | Calgary | 26 | 11 | 230.4% |
| T6W | Edmonton (Heritage Valley) | Edmonton | 26 | 15 | 172.6% |
| T2Y | Calgary (Millrise / Somerset / Bridlewood / Evergreen) | Calgary | 25 | 17 | 144.6% |
| T3M | Calgary (Cranston) | Calgary | 25 | 10 | 231.9% |
| T6T | Edmonton (Meadows) | Edmonton | 24 | 10 | 227.4% |
| T1A | Medicine Hat Central | Medicine Hat | 23 | 11 | 203.2% |
| T4B | Airdrie West | Airdrie | 23 | 17 | 135.2% |
| T4P | Red Deer North | Red Deer | 23 | 14 | 159.3% |
| T9K | Fort McMurray Northwest | Fort McMurray | 23 | 12 | 191.3% |
| T0B | Wainwright Region (Tofield) | Rural Area | 22 | 11 | 183.5% |
Highest Annual Growth Rates
We average over 10 years the number of monthly files in FSAs and we filter out those having less than 72 files annually. We compare the number of files in the 12-month period ended March 2023 to those in the 12-month period ended March 2022 to calculate growth. We show the top fifteen.
| FSA | FSA_Place_Name | City | 12.mos.to.Mar2023 | 12.mos.to.Mar2022 | Change | Percent Change |
|---|---|---|---|---|---|---|
| T5R | Edmonton (Central Jasper Place / Buena Vista) | Edmonton | 105 | 60 | 45 | 75.0% |
| T3C | Calgary (Rosscarrock / Wildwood / Shaganappi / Sunalta) | Calgary | 108 | 71 | 37 | 52.1% |
| T2C | Calgary (Lynnwood Ridge / Ogden / Foothills Industrial / Great Plains) | Calgary | 107 | 71 | 36 | 50.7% |
| T8L | Fort Saskatchewan | Fort Saskatchewan | 124 | 83 | 41 | 49.4% |
| T1H | Lethbridge North | Lethbridge | 173 | 121 | 52 | 43.0% |
| T5A | Edmonton (West Clareview / East Londonderry) | Edmonton | 212 | 149 | 63 | 42.3% |
| T6R | Edmonton (Riverbend) | Edmonton | 105 | 74 | 31 | 41.9% |
| T6J | Edmonton (Kaskitayo) | Edmonton | 129 | 91 | 38 | 41.8% |
| T1K | Lethbridge Southeast | Lethbridge | 191 | 139 | 52 | 37.4% |
| T6L | Edmonton (East Mill Woods) | Edmonton | 258 | 188 | 70 | 37.2% |
| T4N | Red Deer Central | Red Deer | 230 | 170 | 60 | 35.3% |
| T9K | Fort McMurray Northwest | Fort McMurray | 258 | 191 | 67 | 35.1% |
| T6M | Edmonton Southwest | Edmonton | 129 | 96 | 33 | 34.4% |
| T4C | Cochrane | Cochrane | 111 | 84 | 27 | 32.1% |
| T2W | Calgary (Braeside / Woodbine) | Calgary | 149 | 114 | 35 | 30.7% |
Lowest Annual Growth Rates
| FSA | FSA_Place_Name | City | 12.mos.to.Mar2023 | 12.mos.to.Mar2022 | Change | Percent Change |
|---|---|---|---|---|---|---|
| T4S | Sylvan Lake | Sylvan Lake | 85 | 104 | -19 | -18.3% |
| T0K | International Border Region (Cardston) | Rural Area | 134 | 157 | -23 | -14.6% |
| T4B | Airdrie West | Airdrie | 212 | 239 | -27 | -11.3% |
| T0C | Central Alberta (Stettler) | Rural Area | 163 | 181 | -18 | -9.9% |
| T1J | Lethbridge West and Central | Lethbridge | 93 | 103 | -10 | -9.7% |
| T2X | Calgary (Midnapore / Sundance) | Calgary | 160 | 176 | -16 | -9.1% |
| T7Z | Stony Plain | Stony Plain | 68 | 74 | -6 | -8.1% |
| T0H | Northwestern Alberta (High Level) | Rural Area | 190 | 205 | -15 | -7.3% |
| T6K | Edmonton (West Mill Woods) | Edmonton | 132 | 142 | -10 | -7.0% |
| T8H | Sherwood Park Northwest | Sherwood Park | 87 | 88 | -1 | -1.1% |
| T2J | Calgary (Queensland Downs / Lake Bonavista / Willow Park / Acadia) | Calgary | 119 | 120 | -1 | -0.8% |
| T3A | Calgary (Dalhousie / Edgemont / Hamptons / Hidden Valley) | Calgary | 86 | 86 | 0 | 0.0% |
| T9E | Leduc | Leduc | 171 | 170 | 1 | 0.6% |
| T3B | Calgary (Montgomery / Bowness / Silver Springs / Greenwood) | Calgary | 109 | 107 | 2 | 1.9% |
| T3M | Calgary (Cranston) | Calgary | 163 | 159 | 4 | 2.5% |
Notes and Data Sources
FSA and Forward Sortation Area are protected terms for the benefit of Canada Post Corporation.
Data sources: the Office of the Superintendent of Bankruptcy (“OSB”), Canada Post Corporation.
We report only on consumer bankruptcies and consumer proposals as defined by the OSB. As such and although immaterial, we include in “consumer proposals” those BIA Division 1 proposals made by a natural person if their Licensed Insolvency Trustee reports consumer-related debts exceed 50% of total debts.
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