Nova Scotia Consumer Insolvency Trends
By Ken Rowan, with data to April 2023
Data source: see notes following
NS
Monthly Filings
A five-year chart of New Brunswick consumer insolvency filings.
Consumer Proposals
CPs in Nova Scotia hit a new high at 72.2% of new filings.
Annual File Growth
To measure growth we compare total filings in the 12 months ended April 2023 with those in the 12 months ended April 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
We filter out cities having less than 60 filings er year and summarize the remainder highest annual growth.
| City | 12.mos.to.Apr2023 | 12.mos.to.Apr2022 | Change | Percent Change |
|---|---|---|---|---|
| Amherst | 86 | 45 | 41 | 91.1% |
| New Glasgow | 79 | 43 | 36 | 83.7% |
| Yarmouth | 100 | 60 | 40 | 66.7% |
| Lakeside | 52 | 33 | 19 | 57.6% |
| Lower Sackville | 196 | 126 | 70 | 55.6% |
| Halifax | 586 | 420 | 166 | 39.5% |
| Dartmouth | 407 | 306 | 101 | 33.0% |
| Bridgewater | 94 | 72 | 22 | 30.6% |
| Truro | 151 | 116 | 35 | 30.2% |
| New Waterford | 51 | 41 | 10 | 24.4% |
| Kentville | 81 | 67 | 14 | 20.9% |
| Bedford | 80 | 67 | 13 | 19.4% |
| Glace Bay | 96 | 82 | 14 | 17.1% |
| Sydney | 200 | 186 | 14 | 7.5% |
| North Sydney | 82 | 89 | -7 | -7.9% |
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 | April2023 | Mean | April2023.over.Mean |
|---|---|---|---|---|---|
| B0K | Southern Northumberland Strait (Pictou) | Rural Area | 18 | 17.2 | 104.3% |
| B0N | Hants County (Shubenacadie) | Rural Area | 18 | 18.0 | 99.8% |
| B4V | Bridgewater | Bridgewater | 16 | 9.7 | 165.2% |
| B0P | Kings County (Kingston) | Rural Area | 14 | 16.6 | 84.4% |
| B2W | Dartmouth East Central | Dartmouth | 13 | 12.0 | 108.2% |
| B4C | Lower Sackville South | Lower Sackville | 13 | 9.6 | 135.9% |
| B0W | Southwest Mainland (Weymouth) | Rural Area | 12 | 11.9 | 100.9% |
| B1H | New Waterford | New Waterford | 12 | 6.1 | 197.9% |
| B3M | Halifax Bedford Basin | Halifax | 12 | 14.4 | 83.4% |
| B3A | Dartmouth Southwest | Dartmouth | 11 | 12.1 | 91.2% |
| B4H | Amherst | Amherst | 11 | 8.7 | 126.3% |
| B5A | Yarmouth | Yarmouth | 11 | 8.2 | 133.5% |
| B1A | Glace Bay | Glace Bay | 10 | 11.1 | 90.1% |
| B3L | Halifax Central | Halifax | 10 | 4.3 | 232.2% |
| B0J | Mainland east shore (Lunenburg) | Rural Area | 9 | 15.0 | 59.9% |
| B3S | Halifax West | Halifax | 9 | 5.5 | 162.9% |
| B2H | New Glasgow | New Glasgow | 8 | 7.3 | 109.3% |
| B3G | Eastern Passage | Eastern Passage | 8 | 5.2 | 153.8% |
| B4B | Bedford Northwest | Bedford | 8 | 3.8 | 208.4% |
| B1P | Sydney North Central | Sydney | 7 | 8.6 | 81.3% |
| B2Y | Dartmouth South Central | Dartmouth | 7 | 6.5 | 108.5% |
| B0R | West Lunenburg County (New Germany) | Rural Area | 6 | 2.9 | 206.1% |
| B3K | Halifax Upper Harbour | Halifax | 6 | 7.0 | 85.6% |
| B3R | Halifax South | Halifax | 6 | 4.7 | 127.0% |
| B3T | Lakeside | Lakeside | 6 | 6.8 | 88.9% |
Annual Growth Rates
We average over 10 years the number of monthly files in FSAs and we filter out those having less than 60 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 growth.
| FSA | FSA_Place_Name | City | 12.mos.to.Apr2023 | 12.mos.to.Apr2022 | Change | Percent Change |
|---|---|---|---|---|---|---|
| B4C | Lower Sackville South | Lower Sackville | 101 | 51 | 50 | 98.0% |
| B3S | Halifax West | Halifax | 67 | 35 | 32 | 91.4% |
| B4H | Amherst | Amherst | 86 | 45 | 41 | 91.1% |
| B0S | West Annapolis County (Middleton) | Rural Area | 65 | 35 | 30 | 85.7% |
| B2H | New Glasgow | New Glasgow | 79 | 43 | 36 | 83.7% |
| B0W | Southwest Mainland (Weymouth) | Rural Area | 115 | 67 | 48 | 71.6% |
| B5A | Yarmouth | Yarmouth | 100 | 60 | 40 | 66.7% |
| B0M | Cobequid Bay north shore (Springhill) | Rural Area | 91 | 55 | 36 | 65.5% |
| B3T | Lakeside | Lakeside | 52 | 33 | 19 | 57.6% |
| B6L | Truro | Truro | 45 | 29 | 16 | 55.2% |
| B2Y | Dartmouth South Central | Dartmouth | 68 | 46 | 22 | 47.8% |
| B0T | Queens County (Shelburne) | Rural Area | 79 | 54 | 25 | 46.3% |
| B3K | Halifax Upper Harbour | Halifax | 92 | 66 | 26 | 39.4% |
| B3M | Halifax Bedford Basin | Halifax | 172 | 125 | 47 | 37.6% |
| B0P | Kings County (Kingston) | Rural Area | 157 | 115 | 42 | 36.5% |
| B2W | Dartmouth East Central | Dartmouth | 98 | 72 | 26 | 36.1% |
| B0N | Hants County (Shubenacadie) | Rural Area | 160 | 120 | 40 | 33.3% |
| B4V | Bridgewater | Bridgewater | 94 | 72 | 22 | 30.6% |
| B3A | Dartmouth Southwest | Dartmouth | 135 | 105 | 30 | 28.6% |
| B0J | Mainland east shore (Lunenburg) | Rural Area | 142 | 113 | 29 | 25.7% |
| B1H | New Waterford | New Waterford | 51 | 41 | 10 | 24.4% |
| B2N | Truro | Truro | 106 | 87 | 19 | 21.8% |
| B4N | Kentville | Kentville | 81 | 67 | 14 | 20.9% |
| B1A | Glace Bay | Glace Bay | 96 | 82 | 14 | 17.1% |
| B0K | Southern Northumberland Strait (Pictou) | Rural Area | 141 | 122 | 19 | 15.6% |
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