Saskatchewan Consumer Insolvency Trends
By Ken Rowan, with data to April 2023
Data source: see notes following
SK
Monthly Filings
A five-year chart of Saskatchewan consumer insolvency filings.
Consumer Proposals
Annual File Growth
To measure growth we compare total filings in the 12 months ended April 2023 with those in 12 months ended April 2022.
Cities
Most Active This Month
We rank cities by the number of consumer insolvencies filed in the most recent month.
Annual Growth Rates
After filtering out cities having less than 72 filings per year we summarize cities by annual growth rate.
| City | 12.mos.to.Apr2023 | 12.mos.to.Apr2022 | Change | Percent Change |
|---|---|---|---|---|
| Prince Albert | 171 | 120 | 51 | 42.5% |
| Saskatoon | 825 | 642 | 183 | 28.5% |
| Regina | 779 | 652 | 127 | 19.5% |
| Moose Jaw | 133 | 113 | 20 | 17.7% |
10-Year Monthly Highs and Lows
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.
Highs - none
Lows - none
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 | April2023 | Mean | April2023.over.Mean |
|---|---|---|---|---|---|
| S0K | Central Saskatchewan (Humboldt) | Rural Area | 20 | 16.7 | 119.7% |
| S6V | Prince Albert Central | Prince Albert | 19 | 11.6 | 164.1% |
| S4T | Regina West | Regina | 16 | 10.7 | 150.0% |
| S0M | Northwestern Saskatchewan (Battleford) | Rural Area | 15 | 7.5 | 201.3% |
| S7L | Saskatoon West | Saskatoon | 15 | 13.6 | 110.5% |
| S0G | South Central Saskatchewan (Fort Qu’Appelle) | Rural Area | 12 | 11.3 | 106.0% |
| S7J | Saskatoon South Central | Saskatoon | 12 | 5.9 | 201.9% |
| S7K | Saskatoon North Central | Saskatoon | 12 | 8.2 | 145.9% |
| S0A | Yorkton Region (Melville) | Rural Area | 11 | 8.2 | 134.3% |
| S0L | Western Saskatchewan (Kindersley) | Rural Area | 11 | 4.4 | 249.4% |
| S4X | Regina Northwest | Regina | 11 | 5.9 | 185.3% |
| S4N | Regina Northeast and East Central | Regina | 10 | 8.9 | 112.1% |
| S4R | Regina North Central | Regina | 10 | 11.1 | 90.2% |
| S4V | Regina Southeast | Regina | 9 | 3.9 | 229.2% |
| S6H | Moose Jaw Southeast | Moose Jaw | 8 | 8.3 | 95.9% |
| S7M | Saskatoon Southwest | Saskatoon | 8 | 9.6 | 83.6% |
| S0J | Northern Saskatchewan (La Ronge) | Rural Area | 7 | 7.3 | 95.9% |
| S3N | Yorkton | Yorkton | 7 | 4.2 | 164.7% |
| S4P | Regina Central | Regina | 7 | 4.3 | 162.5% |
| S4S | Regina South Saskatchewan Provincial Government | Regina | 7 | 6.3 | 110.4% |
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 April 2023 to those in the 12-month period ended April 2022 to calculate the recent trend in filings. We show the top ten.
| FSA | FSA_Place_Name | City | 12.mos.to.Apr2023 | 12.mos.to.Apr2022 | Change | Percent Change |
|---|---|---|---|---|---|---|
| S7K | Saskatoon North Central | Saskatoon | 113 | 69 | 44 | 63.8% |
| S0M | Northwestern Saskatchewan (Battleford) | Rural Area | 137 | 89 | 48 | 53.9% |
| S4R | Regina North Central | Regina | 176 | 125 | 51 | 40.8% |
| S6V | Prince Albert Central | Prince Albert | 166 | 119 | 47 | 39.5% |
| S7M | Saskatoon Southwest | Saskatoon | 135 | 97 | 38 | 39.2% |
| S0J | Northern Saskatchewan (La Ronge) | Rural Area | 113 | 85 | 28 | 32.9% |
| S0K | Central Saskatchewan (Humboldt) | Rural Area | 219 | 182 | 37 | 20.3% |
| S7L | Saskatoon West | Saskatoon | 185 | 155 | 30 | 19.4% |
| S4T | Regina West | Regina | 147 | 126 | 21 | 16.7% |
| S6H | Moose Jaw Southeast | Moose Jaw | 115 | 100 | 15 | 15.0% |
Lowest Annual Growth Rates
And we show the bottom five.
| FSA | FSA_Place_Name | City | 12.mos.to.Apr2023 | 12.mos.to.Apr2022 | Change | Percent Change |
|---|---|---|---|---|---|---|
| S4S | Regina South Saskatchewan Provincial Government | Regina | 71 | 70 | 1 | 1.4% |
| S0A | Yorkton Region (Melville) | Rural Area | 125 | 122 | 3 | 2.5% |
| S4N | Regina Northeast and East Central | Regina | 117 | 109 | 8 | 7.3% |
| S7H | Saskatoon East Central | Saskatoon | 86 | 80 | 6 | 7.5% |
| S0G | South Central Saskatchewan (Fort Qu’Appelle) | Rural Area | 159 | 147 | 12 | 8.2% |
Notes and Data Sources
FSA and Forward Sortation Area are protected terms for the benefit of Canada Post Corporation.
Data source: The Office of the Superintendent of Bankruptcy (“OSB”), Innovation, Science and Economic Development Canada, data sets 2013 to April 2023, https://open.canada.ca/
We report on only consumer bankruptcies and consumer proposals as defined by the OSB. For definitions, see https://open.canada.ca/
Ken Rowan is a retired Licensed Insolvency Trustee and a retired CA, CPA.
Questions or Comments? Email debtsgo.ca