Nova Scotia Consumer Insolvency Trends
by debtsgo.ca
With data to March 31, 2023
NS
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 |
|---|---|---|---|---|
| Truro | 164 | 107 | 57 | 53.3% |
| Lower Sackville | 183 | 128 | 55 | 43.0% |
| Halifax | 563 | 416 | 147 | 35.3% |
| Dartmouth | 395 | 305 | 90 | 29.5% |
| Sydney | 203 | 181 | 22 | 12.2% |
| Glace Bay | 92 | 94 | -2 | -2.1% |
Forward Sortation Areas
Most Active This Month
The most active FSAs in the current month and their mean monthly filings since 2013.
| FSA | FSA.Place.Name | City | March2023 | Mean | March2023.over.Mean |
|---|---|---|---|---|---|
| B0J | Mainland east shore (Lunenburg) | Rural Area | 22 | 15 | 145.9% |
| B3M | Halifax Bedford Basin | Halifax | 21 | 14 | 145.7% |
| B0K | Southern Northumberland Strait (Pictou) | Rural Area | 19 | 17 | 110.2% |
| B0N | Hants County (Shubenacadie) | Rural Area | 17 | 18 | 94.2% |
| B2N | Truro | Truro | 15 | 11 | 126.1% |
| B0P | Kings County (Kingston) | Rural Area | 14 | 16 | 84.2% |
| B1A | Glace Bay | Glace Bay | 14 | 11 | 126.1% |
| B3A | Dartmouth Southwest | Dartmouth | 12 | 12 | 99.4% |
| B0S | West Annapolis County (Middleton) | Rural Area | 11 | 6 | 159.6% |
| B0T | Queens County (Shelburne) | Rural Area | 11 | 7 | 145.6% |
| B2W | Dartmouth East Central | Dartmouth | 11 | 12 | 91.6% |
| B3K | Halifax Upper Harbour | Halifax | 11 | 7 | 156.8% |
| B4C | Lower Sackville South | Lower Sackville | 10 | 9 | 104.9% |
| B3J | Halifax Mid-Harbour Nova Scotia Provincial Government | Halifax | 9 | 1 | 670.9% |
| B5A | Yarmouth | Yarmouth | 9 | 8 | 109.5% |
| B6L | Truro | Truro | 9 | 6 | 149.4% |
| B0M | Cobequid Bay north shore (Springhill) | Rural Area | 8 | 9 | 81.7% |
| B0W | Southwest Mainland (Weymouth) | Rural Area | 8 | 11 | 67.3% |
| B2Y | Dartmouth South Central | Dartmouth | 8 | 6 | 124.1% |
| B3G | Eastern Passage | Eastern Passage | 8 | 5 | 154.5% |
| B3S | Halifax West | Halifax | 8 | 5 | 145.6% |
| B4E | Lower Sackville West | Lower Sackville | 8 | 9 | 83.2% |
| B4H | Amherst | Amherst | 8 | 8 | 92.0% |
| B4V | Bridgewater | Bridgewater | 8 | 9 | 83.0% |
| B0E | West Cape Breton Island (Baddeck) | Rural Area | 7 | 6 | 103.0% |
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 |
|---|---|---|---|---|---|---|
| B4H | Amherst | Amherst | 80 | 44 | 36 | 81.8% |
| B4C | Lower Sackville South | Lower Sackville | 92 | 52 | 40 | 76.9% |
| B6L | Truro | Truro | 49 | 28 | 21 | 75.0% |
| B2H | New Glasgow | New Glasgow | 75 | 44 | 31 | 70.5% |
| B0W | Southwest Mainland (Weymouth) | Rural Area | 111 | 68 | 43 | 63.2% |
| B0T | Queens County (Shelburne) | Rural Area | 84 | 52 | 32 | 61.5% |
| B0M | Cobequid Bay north shore (Springhill) | Rural Area | 92 | 57 | 35 | 61.4% |
| B3K | Halifax Upper Harbour | Halifax | 95 | 59 | 36 | 61.0% |
| B0S | West Annapolis County (Middleton) | Rural Area | 67 | 42 | 25 | 59.5% |
| B5A | Yarmouth | Yarmouth | 93 | 61 | 32 | 52.5% |
| B2N | Truro | Truro | 115 | 79 | 36 | 45.6% |
| B4V | Bridgewater | Bridgewater | 90 | 64 | 26 | 40.6% |
| B2Y | Dartmouth South Central | Dartmouth | 66 | 47 | 19 | 40.4% |
| B0P | Kings County (Kingston) | Rural Area | 156 | 112 | 44 | 39.3% |
| B3M | Halifax Bedford Basin | Halifax | 170 | 123 | 47 | 38.2% |
| B3T | Lakeside | Lakeside | 48 | 35 | 13 | 37.1% |
| B0J | Mainland east shore (Lunenburg) | Rural Area | 148 | 109 | 39 | 35.8% |
| B3A | Dartmouth Southwest | Dartmouth | 134 | 103 | 31 | 30.1% |
| B2W | Dartmouth East Central | Dartmouth | 91 | 71 | 20 | 28.2% |
| B0K | Southern Northumberland Strait (Pictou) | Rural Area | 141 | 112 | 29 | 25.9% |
| B0N | Hants County (Shubenacadie) | Rural Area | 155 | 127 | 28 | 22.0% |
| B0E | West Cape Breton Island (Baddeck) | Rural Area | 75 | 63 | 12 | 19.0% |
| B4N | Kentville | Kentville | 80 | 70 | 10 | 14.3% |
| B4E | Lower Sackville West | Lower Sackville | 75 | 67 | 8 | 11.9% |
| B1P | Sydney North Central | Sydney | 68 | 69 | -1 | -1.4% |
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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