A five-year chart of Quebec consumer insolvency filings.
To measure growth we compare total filings in the 12 months ended April 2023 with those in the 12 months ended April 2022.
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.
We rank cities by the number of consumer insolvencies filed in the most recent month.
We filter out cities having less than 120 filings per year and report the 25 having the highest growth.
| City | 12.mos.to.Apr2023 | 12.mos.to.Apr2022 | Change | Percent Change |
|---|---|---|---|---|
| Mascouche | 175 | 109 | 66 | 60.6% |
| Vimont | 85 | 55 | 30 | 54.5% |
| Auteuil | 80 | 52 | 28 | 53.8% |
| Saint-Hyacinthe | 308 | 210 | 98 | 46.7% |
| Cartierville | 114 | 78 | 36 | 46.2% |
| Rouyn-Noranda | 158 | 114 | 44 | 38.6% |
| Brossard | 216 | 157 | 59 | 37.6% |
| Trois-Rivieres | 380 | 278 | 102 | 36.7% |
| Repentigny | 285 | 209 | 76 | 36.4% |
| Joliette | 256 | 192 | 64 | 33.3% |
| Quebec City | 834 | 635 | 199 | 31.3% |
| Maisonneuve | 97 | 74 | 23 | 31.1% |
| Chateauguay | 163 | 125 | 38 | 30.4% |
| Victoriaville | 176 | 135 | 41 | 30.4% |
| Lachute | 92 | 71 | 21 | 29.6% |
| Rosemont | 289 | 223 | 66 | 29.6% |
| Saint-Laurent | 221 | 171 | 50 | 29.2% |
| Hochelaga | 129 | 100 | 29 | 29.0% |
| La Prairie | 98 | 77 | 21 | 27.3% |
| Terrebonne | 306 | 241 | 65 | 27.0% |
| Saint-Lin-Laurentides | 227 | 179 | 48 | 26.8% |
| Ville-Emard | 106 | 84 | 22 | 26.2% |
| Saint-Georges | 121 | 96 | 25 | 26.0% |
| Duvernay | 108 | 86 | 22 | 25.6% |
| Saint-Pierre | 120 | 96 | 24 | 25.0% |
We report the 10 cities having the lowest annual growth rates.
| City | 12.mos.to.Apr2023 | 12.mos.to.Apr2022 | Change | Percent Change |
|---|---|---|---|---|
| Val-d’Or | 117 | 138 | -21 | -15.2% |
| Chomedey | 268 | 314 | -46 | -14.6% |
| Rimouski | 134 | 149 | -15 | -10.1% |
| Petite-Patrie | 111 | 121 | -10 | -8.3% |
| Vaudreuil-Dorion | 155 | 164 | -9 | -5.5% |
| Lachine | 125 | 132 | -7 | -5.3% |
| Fabreville | 75 | 79 | -4 | -5.1% |
| Sorel | 152 | 157 | -5 | -3.2% |
| Loretteville | 116 | 117 | -1 | -0.9% |
| Villeray | 134 | 135 | -1 | -0.7% |
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.
The 30 most active FSAs in the current month and their monthly mean since 2013.
| FSA | FSA.Place.Name | City | April2023 | Mean | April2023.over.Mean |
|---|---|---|---|---|---|
| J0K | Lanaudiere-Nord (Saint-Esprit) | Rural Area | 56 | 73.9 | 75.8% |
| G0R | Appalaches (La Pocatiere) | Rural Area | 34 | 21.4 | 158.7% |
| J6E | Joliette | Joliette | 28 | 21.6 | 129.4% |
| H1G | Montreal North North | Montreal | 23 | 23.2 | 99.0% |
| G0A | Capitale-Nationale (Stoneham) | Rural Area | 22 | 27.0 | 81.6% |
| J0B | Estrie-Est (Stanstead) | Rural Area | 22 | 19.4 | 113.2% |
| J0L | Monteregie-Nord (Saint-Antoine-Sur-Richelieu) | Rural Area | 22 | 33.5 | 65.6% |
| J3B | Saint-Jean-sur-Richelieu Central | Saint-Jean-sur-Richelieu | 22 | 20.9 | 105.2% |
| J0H | Bois-Francs-Sud (Saint-Nazaire-D’Acton) | Rural Area | 21 | 19.4 | 108.0% |
| J2B | Drummondville South | Drummondville | 21 | 15.7 | 134.0% |
| J3Y | Saint-Hubert Central | Saint-Hubert | 21 | 22.1 | 95.0% |
| G0S | Chaudiere-Nord (Saint-Joseph-De-Beauce) | Rural Area | 19 | 20.1 | 94.3% |
| G0X | Mauricie (Parent) | Rural Area | 19 | 19.5 | 97.7% |
| H1L | Mercier North | Montreal | 19 | 17.8 | 106.6% |
| J4K | Longueuil Southwest | Longueuil | 19 | 16.7 | 114.1% |
| J7Z | Saint-Jerome Southeast | Saint-Jerome | 19 | 21.4 | 88.6% |
| J2G | Granby Central | Granby | 18 | 16.3 | 110.6% |
| J7Y | Saint-Jerome North | Saint-Jerome | 18 | 19.7 | 91.5% |
| G7X | Jonquiere Central | Jonquiere | 17 | 14.2 | 119.7% |
| J3L | Chambly | Chambly | 16 | 17.0 | 94.2% |
| J6W | Terrebonne Central | Terrebonne | 16 | 15.9 | 100.9% |
| J7R | Saint-Eustache Southwest | Saint-Eustache | 16 | 15.7 | 102.2% |
| G8T | Cap-de-la-Madeleine Central and southeast | Cap-de-la-Madeleine | 15 | 15.2 | 98.7% |
| J1E | Sherbrooke Northeast | Sherbrooke | 15 | 11.6 | 129.4% |
| J1N | Rock Forest | Rock Forest | 15 | 10.2 | 147.7% |
| J8P | Gatineau Southeast | Gatineau | 15 | 26.2 | 57.2% |
| J0V | Laurentides-Sud (Cheneville) | Rural Area | 14 | 14.0 | 100.3% |
| J2S | Saint-Hyacinthe Southwest | Saint-Hyacinthe | 14 | 13.4 | 104.6% |
| J4J | Longueuil Central | Longueuil | 14 | 19.6 | 71.5% |
| J7J | Mirabel Northeast | Mirabel | 14 | 12.6 | 111.3% |
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.
| FSA | FSA_Place_Name | City | 12.mos.to.Apr2023 | 12.mos.to.Apr2022 | Change | Percent Change |
|---|---|---|---|---|---|---|
| J2T | Saint-Hyacinthe East | Saint-Hyacinthe | 90 | 42 | 48 | 114.3% |
| J8B | Sainte-Adele | Sainte-Adele | 72 | 36 | 36 | 100.0% |
| G9T | Grand-Mere | Grand-Mere | 84 | 46 | 38 | 82.6% |
| H4L | Saint-Laurent Inner Northeast | Saint-Laurent | 78 | 43 | 35 | 81.4% |
| J6Y | Terrebonne Southwest | Terrebonne | 63 | 37 | 26 | 70.3% |
| G1K | Quebec City Mid-Riverbank | Quebec City | 98 | 61 | 37 | 60.7% |
| J0V | Laurentides-Sud (Cheneville) | Rural Area | 134 | 84 | 50 | 59.5% |
| H7M | Vimont | Vimont | 85 | 55 | 30 | 54.5% |
| J7K | Mascouche Extremities | Mascouche | 132 | 86 | 46 | 53.5% |
| H2K | Centre-Sud North | Montreal | 107 | 70 | 37 | 52.9% |
| J6A | Repentigny South | Repentigny | 119 | 78 | 41 | 52.6% |
| J4B | Boucherville | Boucherville | 61 | 40 | 21 | 52.5% |
| G1L | Quebec City Northeast | Quebec City | 135 | 91 | 44 | 48.4% |
| G1C | Beauport Central | Beauport | 123 | 83 | 40 | 48.2% |
| H3W | Cotes-des-Neiges Southwest | Cote-des-Neiges | 77 | 52 | 25 | 48.1% |
| H1X | Rosemont Central | Rosemont | 119 | 81 | 38 | 46.9% |
| H7A | Duvernay-Est | Duvernay | 54 | 37 | 17 | 45.9% |
| G8Z | Trois-Rivieres Northeast | Trois-Rivieres | 78 | 55 | 23 | 41.8% |
| G3K | Val-Belair South | Val-Belair | 79 | 56 | 23 | 41.1% |
| H2B | Ahuntsic North | Ahuntsic | 62 | 44 | 18 | 40.9% |
| J8C | Sainte-Agathe-Des-Monts | Sainte-Agathe-Des-Monts | 63 | 45 | 18 | 40.0% |
| H4H | Verdun South | Verdun | 68 | 49 | 19 | 38.8% |
| G6V | Levis North | Levis | 143 | 104 | 39 | 37.5% |
| G1M | Quebec City North Central | Quebec City | 140 | 102 | 38 | 37.3% |
| G4X | Gaspe | Gaspe | 63 | 46 | 17 | 37.0% |
And we show the bottom 15.
| FSA | FSA_Place_Name | City | 12.mos.to.Apr2023 | 12.mos.to.Apr2022 | Change | Percent Change |
|---|---|---|---|---|---|---|
| J2W | Saint-Luc | Saint-Luc | 60 | 83 | -23 | -27.7% |
| G7J | Chicoutimi West | Chicoutimi | 55 | 76 | -21 | -27.6% |
| H2L | Centre-Sud South | Montreal | 52 | 69 | -17 | -24.6% |
| H7W | Chomedey South | Chomedey | 102 | 132 | -30 | -22.7% |
| J3P | Sorel Central | Sorel | 86 | 104 | -18 | -17.3% |
| G1P | Quebec City West | Quebec City | 51 | 61 | -10 | -16.4% |
| J9P | Val-d’Or | Val-d’Or | 117 | 138 | -21 | -15.2% |
| G5L | Rimouski Central | Rimouski | 96 | 112 | -16 | -14.3% |
| J4V | Greenfield Park | Greenfield Park | 49 | 57 | -8 | -14.0% |
| G7S | Jonquiere Northeast | Jonquiere | 42 | 48 | -6 | -12.5% |
| H2S | Petite-Patrie Southwest | Petite-Patrie | 56 | 64 | -8 | -12.5% |
| J1H | Sherbrooke Central | Sherbrooke | 149 | 169 | -20 | -11.8% |
| H7V | Chomedey East | Chomedey | 81 | 91 | -10 | -11.0% |
| H3N | Parc-Extension | Parc-Extension | 50 | 56 | -6 | -10.7% |
| H7T | Chomedey Northwest | Chomedey | 68 | 76 | -8 | -10.5% |
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