Ontario Consumer Insolvency Trends
by debtsgo.ca
With data to March 31, 2023
ON
Monthly Filings
A five-year chart of monthly consumer filings shows recent strong growth in both consumer proposals and total filings.
Consumer Proposals
Annual File Growth
To measure growth and reflect recent trends we eliminate month-to-month and seasonal variances by comparing total filings in the 12 months ending March 2023 with the 12 months ending March 2022.
Greater Toronto Area
Mean and Current Monthly Filings
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 those having the highest growth.
| City | 12.mos.to.Mar2023 | 12.mos.to.Mar2022 | Change | Percent Change |
|---|---|---|---|---|
| Trenton | 149 | 98 | 51 | 52.0% |
| Nepean | 401 | 266 | 135 | 50.8% |
| Niagara Falls | 363 | 244 | 119 | 48.8% |
| Milton | 248 | 169 | 79 | 46.7% |
| Belleville | 251 | 172 | 79 | 45.9% |
| Peterborough | 305 | 212 | 93 | 43.9% |
| Cornwall | 249 | 176 | 73 | 41.5% |
| St. Thomas | 199 | 143 | 56 | 39.2% |
| Welland | 256 | 185 | 71 | 38.4% |
| Woodstock, ON | 229 | 167 | 62 | 37.1% |
| Downsview | 254 | 187 | 67 | 35.8% |
| Willowdale | 390 | 288 | 102 | 35.4% |
| Oshawa | 716 | 531 | 185 | 34.8% |
| Bowmanville | 134 | 100 | 34 | 34.0% |
| Guelph | 395 | 296 | 99 | 33.4% |
| Barrie | 669 | 502 | 167 | 33.3% |
| St. Catharines | 529 | 398 | 131 | 32.9% |
| Don Mills | 130 | 98 | 32 | 32.7% |
| North York | 1459 | 1111 | 348 | 31.3% |
| Toronto | 1838 | 1401 | 437 | 31.2% |
| Oakville | 282 | 217 | 65 | 30.0% |
| Woodbridge | 198 | 154 | 44 | 28.6% |
| Hamilton | 1485 | 1164 | 321 | 27.6% |
| Etobicoke | 1175 | 924 | 251 | 27.2% |
| Greater Sudbury | 528 | 415 | 113 | 27.2% |
Lowest Annual Growth Rates
We report 10 cities with the lowest growth rates.
| City | 12.mos.to.Mar2023 | 12.mos.to.Mar2022 | Change | Percent Change |
|---|---|---|---|---|
| Thornhill | 160 | 168 | -8 | -4.8% |
| Maple | 105 | 101 | 4 | 4.0% |
| North Bay | 233 | 220 | 13 | 5.9% |
| Orangeville | 145 | 136 | 9 | 6.6% |
| Newmarket | 209 | 193 | 16 | 8.3% |
| Waterloo | 159 | 145 | 14 | 9.7% |
| Kingston, ON | 397 | 359 | 38 | 10.6% |
| Sarnia | 268 | 239 | 29 | 12.1% |
| Orillia | 191 | 168 | 23 | 13.7% |
| London | 1364 | 1197 | 167 | 14.0% |
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.
Peaks
Lows - none
Forward Sortation Areas
Most Active This Month
The 30 most active FSAs in the current month and their mean monthly filings since 2013.
| FSA | FSA.Place.Name | City | March2023 | Mean | March2023.over.Mean |
|---|---|---|---|---|---|
| L4N | Barrie South | Barrie | 56 | 35 | 157.6% |
| M1B | Scarborough (Malvern / Rouge River) | Scarborough | 38 | 20 | 182.5% |
| M3N | North York (Jane and Finch) | North York | 35 | 18 | 188.7% |
| L1J | Oshawa Southwest | Oshawa | 32 | 18 | 173.1% |
| K0K | Quinte Shores | Rural Area | 31 | 27 | 114.2% |
| L7A | Brampton West | Brampton | 30 | 19 | 152.7% |
| K0A | National Capital Region (Almonte) | Rural Area | 26 | 23 | 111.6% |
| L6X | Brampton Southwest | Brampton | 26 | 18 | 140.6% |
| M6M | York (Del Ray / Keelsdale / Mount Dennis / Silverthorne) | York | 25 | 15 | 166.3% |
| L3V | Orillia | Orillia | 24 | 16 | 141.8% |
| N1H | Guelph Northwest | Guelph | 24 | 11 | 211.3% |
| L6Y | Brampton South | Brampton | 23 | 19 | 116.4% |
| K2J | Nepean (Barrhaven) | Nepean | 22 | 11 | 187.1% |
| M2J | North York (Fairview / Henry Farm / Oriole) | North York | 22 | 13 | 157.3% |
| P1B | North Bay Central | North Bay | 22 | 14 | 152.8% |
| L2M | St. Catharines Northeast | St. Catharines | 21 | 10 | 208.3% |
| L6S | Brampton North Central | Brampton | 21 | 14 | 145.3% |
| L3B | Welland East | Welland | 20 | 9 | 212.6% |
| M2R | Willowdale West | Willowdale | 20 | 16 | 122.1% |
| M5A | Downtown Toronto (Regent Park / Port of Toronto) | Toronto | 20 | 9 | 207.6% |
| N2E | Kitchener Southwest | Kitchener | 20 | 10 | 185.1% |
| N3S | Brantford Southeast | Brantford | 20 | 8 | 228.8% |
| N8H | Leamington | Leamington | 20 | 7 | 273.0% |
| P0M | Algoma | Rural Area | 20 | 20 | 98.4% |
| K0M | Kawartha lakes and Haliburton County (Bobcaygeon) | Rural Area | 19 | 10 | 178.4% |
| L3Y | Newmarket Northeast | Newmarket | 19 | 11 | 169.7% |
| L6T | Brampton East | Brampton | 19 | 16 | 118.6% |
| L8H | Hamilton (West Kentley / McQuesten / Parkview / Hamilton Beach…) | Hamilton | 19 | 9 | 203.7% |
| L8W | Hamilton (West Albion Falls / Hannon / Rymal / Trenholme / Quinndale…) | Hamilton | 19 | 6 | 275.9% |
| N5R | St. Thomas South | St. Thomas | 19 | 10 | 189.8% |
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.
| FSA | FSA_Place_Name | City | 12.mos.to.Mar2023 | 12.mos.to.Mar2022 | Change | Percent Change |
|---|---|---|---|---|---|---|
| K2J | Nepean (Barrhaven) | Nepean | 160 | 81 | 79 | 97.5% |
| M6H | West Toronto (Dufferin / Dovercourt Village) | Toronto | 133 | 70 | 63 | 90.0% |
| M2N | Willowdale South | Willowdale | 124 | 67 | 57 | 85.1% |
| M1H | Scarborough (Cedarbrae) | Scarborough | 77 | 42 | 35 | 83.3% |
| K1C | Gloucester (West Orleans) | Gloucester | 79 | 44 | 35 | 79.5% |
| P7A | Thunder Bay Northeast | Thunder Bay | 104 | 58 | 46 | 79.3% |
| N6K | London (Riverbend / Woodhull / North Sharon Creek / Byron / West Westmount) | London | 100 | 58 | 42 | 72.4% |
| N5P | St. Thomas North | St. Thomas | 101 | 59 | 42 | 71.2% |
| L1K | Oshawa East | Oshawa | 98 | 58 | 40 | 69.0% |
| L8W | Hamilton (West Albion Falls / Hannon / Rymal / Trenholme / Quinndale…) | Hamilton | 89 | 54 | 35 | 64.8% |
| M6L | North York (North Park / Maple Leaf Park / Upwood Park) | North York | 103 | 64 | 39 | 60.9% |
| L6Z | Brampton West Central | Brampton | 85 | 53 | 32 | 60.4% |
| P3A | Greater Sudbury (New Sudbury) | Greater Sudbury | 102 | 64 | 38 | 59.4% |
| K8N | Belleville East | Belleville | 111 | 70 | 41 | 58.6% |
| L3B | Welland East | Welland | 139 | 88 | 51 | 58.0% |
| L2G | Niagara Falls Southeast | Niagara Falls | 140 | 89 | 51 | 57.3% |
| L1T | Ajax Northwest | Ajax | 116 | 74 | 42 | 56.8% |
| L5M | Mississauga (Churchill Meadows / Central Erin Mills / South Streetsville) | Mississauga | 175 | 112 | 63 | 56.2% |
| M1L | Scarborough (The Golden Mile / Clairlea / Oakridge / Birchmount Park East) | Scarborough | 113 | 74 | 39 | 52.7% |
| M3L | Downsview West | Downsview | 93 | 61 | 32 | 52.5% |
| K8V | Trenton | Trenton | 149 | 98 | 51 | 52.0% |
| N8Y | Windsor East (East Walkerville) | Windsor ON | 129 | 85 | 44 | 51.8% |
| K9H | Peterborough North | Peterborough | 104 | 69 | 35 | 50.7% |
| M3H | North York (Armour Heights / Wilson Heights / Downsview North) | North York | 142 | 95 | 47 | 49.5% |
| L5R | Mississauga (West Hurontario / SW Gateway) | Mississauga | 94 | 63 | 31 | 49.2% |
Lowest Annual Growth Rates
| FSA | FSA_Place_Name | City | 12.mos.to.Mar2023 | 12.mos.to.Mar2022 | Change | Percent Change |
|---|---|---|---|---|---|---|
| M9A | Etobicoke (Islington Avenue) | Etobicoke | 102 | 121 | -19 | -15.7% |
| L4J | Thornhill West | Thornhill | 74 | 83 | -9 | -10.8% |
| K6A | Hawkesbury | Hawkesbury | 62 | 69 | -7 | -10.1% |
| P1B | North Bay Central | North Bay | 139 | 154 | -15 | -9.7% |
| L1Z | Ajax East | Ajax | 54 | 59 | -5 | -8.5% |
| L5J | Mississauga (Clarkson / Southdown) | Mississauga | 67 | 73 | -6 | -8.2% |
| K0M | Kawartha lakes and Haliburton County (Bobcaygeon) | Rural Area | 100 | 108 | -8 | -7.4% |
| K8A | Pembroke Central and northern subdivisions | Pembroke | 82 | 88 | -6 | -6.8% |
| N6E | London (South White Oaks / Central Westminster / East Longwoods / West Brockley) | London | 82 | 87 | -5 | -5.7% |
| N6C | London South (East Highland / North White Oaks / North Westminster) | London | 108 | 113 | -5 | -4.4% |
| L5L | Mississauga (Erin Mills / Western Business Park) | Mississauga | 95 | 99 | -4 | -4.0% |
| K0J | Renfrew County and Lanark Highlands Township (Deep River) | Rural Area | 57 | 59 | -2 | -3.4% |
| P7E | Thunder Bay South Central | Thunder Bay | 63 | 65 | -2 | -3.1% |
| N3R | Brantford Central | Brantford | 98 | 101 | -3 | -3.0% |
| N7T | Sarnia Southwest | Sarnia | 145 | 149 | -4 | -2.7% |
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.
Questions or Comments? Email debtsgo.ca