Prince Edward Island Consumer Insolvency Trends
By Ken Rowan, with data to April 2023
Data source: see notes following
PE
Monthly Filings
A five-year chart of consumer insolvency filings in Prince Edward Island.
Consumer Proposals
Annual File Growth
To measure growth we compare total filings in the 12 months ended April 2023 with the 12 months ended April 2022.
Cities
Annual Growth Rates
We filter out cities having less than 60 filings per year and show the remainder.
| City | 12.mos.to.Apr2023 | 12.mos.to.Apr2022 | Change | Percent Change |
|---|---|---|---|---|
| Charlottetown | 157 | 115 | 42 | 36.5% |
| Summerside | 73 | 65 | 8 | 12.3% |
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 |
|---|---|---|---|---|---|
| C0A | Charlottetown | Rural Area | 13 | 15.5 | 84.0% |
| C1N | Summerside | Summerside | 9 | 7.5 | 119.4% |
| C1E | Charlottetown West | Charlottetown | 6 | 3.5 | 173.4% |
| C0B | Summerside | Rural Area | 5 | 10.5 | 47.6% |
| C1A | Charlottetown SE Prince Edward Island Prov Govt | Charlottetown | 5 | 9.5 | 52.6% |
| C1B | Stratford | Stratford, PE | 4 | 3.9 | 101.8% |
| C1C | Charlottetown North | Charlottetown | 3 | 2.0 | 152.5% |
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 |
|---|---|---|---|---|---|---|
| C1A | Charlottetown SE Prince Edward Island Prov Govt | Charlottetown | 94 | 76 | 18 | 23.7% |
| C1N | Summerside | Summerside | 73 | 65 | 8 | 12.3% |
| C0B | Summerside | Rural Area | 79 | 71 | 8 | 11.3% |
| C0A | Charlottetown | Rural Area | 119 | 116 | 3 | 2.6% |
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