Northern Canada Consumer Insolvency Trends
by debtsgo.ca
With data to March 31, 2023
Yukon, Northwest Territories, Nunavut
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.
Cities
Annual Growth Rates
| City | 12.mos.to.Mar2023 | 12.mos.to.Feb2023 | Change | Percent Change |
|---|---|---|---|---|
| Rural Area | 52 | 53 | -1 | -1.9% |
| Whitehorse | 42 | 36 | 6 | 16.7% |
| Yellowknife | 29 | 25 | 4 | 16.0% |
Forward Sortation Areas
Most Active This Month
FSAs numbers for the current month and their 10-year mean from 2013.
| FSA | FSA.Place.Name | City | March2023 | Mean | March2023.over.Mean |
|---|---|---|---|---|---|
| Y1A | Whitehorse | Whitehorse | 8 | 2 | 308.5% |
| X1A | Yellowknife | Yellowknife | 7 | 3 | 212.1% |
| X0A | Outer Nunavut (Iqaluit) | Rural Area | 2 | 0 | 470.4% |
| X0E | Central Northwest Territories (Inuvik) | Rural Area | 1 | 1 | 59.4% |
| X0B | Central Nunavut (Cambridge Bay) | Rural Area | 0 | 0 | 0.0% |
| X0C | Inner Nunavut (Rankin Inlet) | Rural Area | 0 | 0 | 0.0% |
| X0G | Southwestern Northwest Territories (Fort Liard) | Rural Area | 0 | 0 | 0.0% |
| Y0A | Southeastern Yukon (Watson Lake) | Rural Area | 0 | 0 | 0.0% |
| Y0B | Central Yukon (Dawson City) | Rural Area | 0 | 0 | 0.0% |
Annual Growth Rates
We average over 10 years the number of monthly files in FSAs in The North without filtering. 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 |
|---|---|---|---|---|---|---|
| X0G | Southwestern Northwest Territories (Fort Liard) | Rural Area | 1 | 0 | 1 | Inf% |
| Y0B | Central Yukon (Dawson City) | Rural Area | 10 | 3 | 7 | 233.3% |
| X0C | Inner Nunavut (Rankin Inlet) | Rural Area | 5 | 3 | 2 | 66.7% |
| Y0A | Southeastern Yukon (Watson Lake) | Rural Area | 5 | 3 | 2 | 66.7% |
| Y1A | Whitehorse | Whitehorse | 42 | 28 | 14 | 50.0% |
| X0A | Outer Nunavut (Iqaluit) | Rural Area | 10 | 7 | 3 | 42.9% |
| X0B | Central Nunavut (Cambridge Bay) | Rural Area | 2 | 2 | 0 | 0.0% |
| X0E | Central Northwest Territories (Inuvik) | Rural Area | 19 | 23 | -4 | -17.4% |
| X1A | Yellowknife | Yellowknife | 29 | 39 | -10 | -25.6% |
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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