Manitoba Consumer Insolvency Trends
by debtsgo.ca
With data to March 31, 2023
MB
Monthly Filings
A five-year chart of consumer filings shows 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
Annual Growth Rates
| City | 12.mos.to.Mar2023 | 12.mos.to.Mar2022 | Change | Percent Change |
|---|---|---|---|---|
| Brandon | 184 | 144 | 40 | 27.8% |
| Winnipeg | 1924 | 1510 | 414 | 27.4% |
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 |
|---|---|---|---|---|---|
| R2V | Winnipeg (Seven Oaks East) | Winnipeg | 17 | 7 | 219.9% |
| R2W | Winnipeg (Point Douglas East) | Winnipeg | 17 | 7 | 234.9% |
| R2X | Winnipeg (Point Douglas West / Inkster East) | Winnipeg | 16 | 5 | 277.6% |
| R7A | Brandon Southeast | Brandon | 15 | 8 | 180.7% |
| R0C | North Interlake (Stonewall) | Rural Area | 12 | 6 | 196.8% |
| R2C | Winnipeg (Transcona) | Winnipeg | 12 | 6 | 181.3% |
| R3C | Winnipeg (Broadway / The Forks / Portage and Main) Manitoba Provincial Government | Winnipeg | 11 | 4 | 230.5% |
| R3T | Winnipeg (Fort Garry NE / University of Manitoba) | Winnipeg | 11 | 5 | 217.2% |
| R1N | Portage la Prairie | Portage la Prairie | 10 | 3 | 293.6% |
| R2K | Winnipeg (River East Central) | Winnipeg | 9 | 7 | 118.0% |
| R2L | Winnipeg (River East South) | Winnipeg | 9 | 4 | 197.0% |
| R3G | Winnipeg (Minto / St. Mathews / Wolseley) | Winnipeg | 9 | 5 | 165.0% |
| R0A | Southeastern Manitoba (Lorette) | Rural Area | 8 | 6 | 132.8% |
| R3E | Winnipeg (Sargent Park / Daniel McIntyre / Inkster SE) | Winnipeg | 8 | 4 | 167.3% |
| R0J | Riding Mountain (Neepawa) | Rural Area | 7 | 4 | 173.2% |
| R2G | Winnipeg (River East North) | Winnipeg | 7 | 6 | 116.0% |
| R2M | Winnipeg (St. Vital North) | Winnipeg | 7 | 6 | 102.0% |
| R3W | Winnipeg (Grassie / Pequis) | Winnipeg | 7 | 1 | 481.0% |
| R7B | Brandon Southwest | Brandon | 7 | 4 | 161.8% |
| R0E | Eastern Manitoba (Beausejour) | Rural Area | 6 | 5 | 112.0% |
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.
| FSA | FSA_Place_Name | City | 12.mos.to.Mar2023 | 12.mos.to.Mar2022 | Change | Percent Change |
|---|---|---|---|---|---|---|
| R2W | Winnipeg (Point Douglas East) | Winnipeg | 135 | 81 | 54 | 66.7% |
| R2M | Winnipeg (St. Vital North) | Winnipeg | 94 | 63 | 31 | 49.2% |
| R7A | Brandon Southeast | Brandon | 124 | 86 | 38 | 44.2% |
| R0C | North Interlake (Stonewall) | Rural Area | 94 | 67 | 27 | 40.3% |
| R3J | Winnipeg (St. James-Assiniboia SE) | Winnipeg | 83 | 66 | 17 | 25.8% |
| R2V | Winnipeg (Seven Oaks East) | Winnipeg | 112 | 93 | 19 | 20.4% |
| R2C | Winnipeg (Transcona) | Winnipeg | 94 | 81 | 13 | 16.0% |
| R0A | Southeastern Manitoba (Lorette) | Rural Area | 79 | 72 | 7 | 9.7% |
| R2G | Winnipeg (River East North) | Winnipeg | 88 | 81 | 7 | 8.6% |
| R2K | Winnipeg (River East Central) | Winnipeg | 92 | 105 | -13 | -12.4% |
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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