Newfoundland & Labrador Consumer Insolvency Trends
by debtsgo.ca
With data to March 31, 2023
NL
Monthly Filings
A five-year chart of consumer 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 |
|---|---|---|---|---|
| St. John’s | 364 | 272 | 92 | 33.8% |
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 |
|---|---|---|---|---|---|
| A0G | Northeast Newfoundland (Lewisporte) | Rural Area | 18 | 13 | 136.0% |
| A2H | Corner Brook | Corner Brook | 16 | 9 | 174.9% |
| A0A | Southeastern Avalon Peninsula (Ferryland) | Rural Area | 14 | 17 | 78.5% |
| A1E | St. John’s Central | St. John’s | 12 | 10 | 117.4% |
| A0B | Western Avalon Peninsula (Argentia) | Rural Area | 11 | 6 | 157.7% |
| A1L | Paradise | Paradise | 10 | 7 | 131.7% |
| A0E | Burin Peninsula (Marystown) | Rural Area | 8 | 8 | 97.4% |
| A1A | St. John’s North | St. John’s | 8 | 7 | 101.5% |
| A1C | St. John’s North Central | St. John’s | 8 | 4 | 188.1% |
| A1N | Mount Pearl | Mount Pearl | 8 | 9 | 81.5% |
| A1V | Gander | Gander | 8 | 4 | 168.5% |
| A0K | Northwest Newfoundland/Eastern Labrador (Mary’s Harbour) | Rural Area | 7 | 6 | 116.2% |
| A0H | Central Newfoundland (Bishops Falls) | Rural Area | 6 | 7 | 82.7% |
| A1K | Torbay | Torbay | 6 | 3 | 154.4% |
| A1S | Goulds | Goulds | 6 | 2 | 242.8% |
| A1W | Manuels | Manuels | 6 | 3 | 155.0% |
| A0N | Port au Port Peninsula region (St. George’s) | Rural Area | 5 | 4 | 116.7% |
| A1B | St. John’s Northwest Newfoundland & Labrador Provincial Government | St. John’s | 5 | 5 | 89.9% |
| A0J | Northern Newfoundland (Springdale) | Rural Area | 4 | 2 | 184.4% |
| A0L | Western Newfoundland (Lark Harbour) | Rural Area | 4 | 2 | 150.2% |
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 |
|---|---|---|---|---|---|---|
| A1A | St. John’s North | St. John’s | 106 | 58 | 48 | 82.8% |
| A1N | Mount Pearl | Mount Pearl | 104 | 66 | 38 | 57.6% |
| A0G | Northeast Newfoundland (Lewisporte) | Rural Area | 167 | 109 | 58 | 53.2% |
| A1E | St. John’s Central | St. John’s | 116 | 82 | 34 | 41.5% |
| A0K | Northwest Newfoundland/Eastern Labrador (Mary’s Harbour) | Rural Area | 81 | 59 | 22 | 37.3% |
| A0E | Burin Peninsula (Marystown) | Rural Area | 95 | 89 | 6 | 6.7% |
| A0A | Southeastern Avalon Peninsula (Ferryland) | Rural Area | 179 | 168 | 11 | 6.5% |
| A2H | Corner Brook | Corner Brook | 90 | 93 | -3 | -3.2% |
| A0B | Western Avalon Peninsula (Argentia) | Rural Area | 74 | 77 | -3 | -3.9% |
| A1L | Paradise | Paradise | 72 | 75 | -3 | -4.0% |
| A0H | Central Newfoundland (Bishops Falls) | Rural Area | 76 | 82 | -6 | -7.3% |
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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