Full site: debtsgo.ca
Data to May 2023. For data source see notes following.


BC

Monthly Filings

A five-year chart of BC-wide consumer insolvency filings.


Consumer Proposals

BC consumer proposals as a percentage of new filings.


Annual File Growth

To measure growth we compare total filings in the 12 months ended May 2023 to those in the 12 months ended May 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

Most Active This Month

We rank cities by the number of consumer insolvencies filed in the most recent month.


Highest Annual Growth Rates

We filter out cities having less than 120 filings per year and report the 15 having the highest annual growth.

City 12.mos.to.May2023 12.mos.to.May2022 Change Percent Change
Esquimalt 168 104 64 61.5%
Penticton 137 86 51 59.3%
Abbotsford 432 285 147 51.6%
New Westminster 225 152 73 48.0%
Highlands 186 132 54 40.9%
Port Coquitlam 247 179 68 38.0%
Kelowna 414 308 106 34.4%
Delta 213 159 54 34.0%
Burnaby 457 342 115 33.6%
Surrey 1313 984 329 33.4%
Coquitlam 156 117 39 33.3%
Victoria 156 117 39 33.3%
Chilliwack 303 229 74 32.3%
Vernon 215 164 51 31.1%
Langley 367 284 83 29.2%


Lowest Annual Growth Rates

We report the 10 cities with the lowest annual growth rates.

City 12.mos.to.May2023 12.mos.to.May2022 Change Percent Change
Prince George 248 232 16 6.9%
Nanaimo 298 262 36 13.7%
Kamloops 297 260 37 14.2%
North Vancouver 252 210 42 20.0%
Saanich 226 188 38 20.2%
Maple Ridge 224 178 46 25.8%
Richmond 340 267 73 27.3%
Vancouver 1268 989 279 28.2%
Langley 367 284 83 29.2%
Vernon 215 164 51 31.1%


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.

New Highs


New Lows - none


Forward Sortation Areas

Most Active This Month

The 20 most active FSAs in the current month and their monthly mean since 2013.

FSA FSA.Place.Name City May2023 Mean May2023.over.Mean
V3S Surrey East Surrey 24 18.2 131.9%
V2S Abbotsford Southeast Abbotsford 21 12.3 170.8%
V3A Langley City Langley 21 10.8 194.4%
V0E Central Okanagan and High Country (Revelstoke) Rural Area 19 12.8 148.5%
V2B Kamloops Northwest Kamloops 19 10.7 177.1%
V2P Chilliwack Central Chilliwack 19 10.6 179.8%
V3T Surrey Inner Northwest Surrey 19 11.7 162.3%
V9B Highlands Highlands 19 16.3 116.7%
V9W Campbell River Central Campbell River 19 8.0 237.7%
V3R Surrey North Surrey 18 15.4 116.6%
V0R Central Island (Chemainus) Rural Area 17 14.2 119.7%
V4N Surrey Northeast Surrey 17 12.9 132.2%
V1X Kelowna East Central Kelowna 16 9.6 167.2%
V0N North Island Rural Area 15 10.3 145.1%
V2R Chilliwack West Chilliwack 15 9.2 163.0%
V3M New Westminster Southwest (Includes Annacis Island) New Westminster 15 11.1 135.6%
V3B Port Coquitlam Central Port Coquitlam 14 10.0 140.6%
V3W Surrey Upper West Surrey 14 17.4 80.7%
V9L Duncan Duncan 14 9.3 150.5%
V2A Penticton Penticton 13 10.5 123.3%


Highest Annual Growth Rates

We average over 10 years the monthly consumer insolvencies 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 May 2023 to those in the 12-month period ended May 2022 to calculate growth. We show the top 20.

FSA FSA_Place_Name City 12.mos.to.May2023 12.mos.to.May2022 Change Percent Change
V9A Esquimalt Esquimalt 168 104 64 61.5%
V5X Vancouver (SE Oakridge / East Marpole / South Sunset) Vancouver 80 50 30 60.0%
V2A Penticton Penticton 137 86 51 59.3%
V1C Cranbrook Cranbrook 87 55 32 58.2%
V2S Abbotsford Southeast Abbotsford 188 120 68 56.7%
V3V Surrey Outer Northwest Surrey 146 94 52 55.3%
V2V Mission East Mission 121 78 43 55.1%
V3M New Westminster Southwest (Includes Annacis Island) New Westminster 141 94 47 50.0%
V9W Campbell River Central Campbell River 133 90 43 47.8%
V8V Victoria South Victoria 72 49 23 46.9%
V2R Chilliwack West Chilliwack 142 98 44 44.9%
V1Y Kelowna Central Kelowna 137 96 41 42.7%
V9B Highlands Highlands 186 132 54 40.9%
V3S Surrey East Surrey 250 178 72 40.4%
V3B Port Coquitlam Central Port Coquitlam 126 90 36 40.0%
V3R Surrey North Surrey 189 137 52 38.0%
V8Z Saanich Central Saanich 63 46 17 37.0%
V4N Surrey Northeast Surrey 169 124 45 36.3%
V2X Maple Ridge West Maple Ridge 156 116 40 34.5%
V4C Delta Northeast Delta 108 81 27 33.3%


Lowest Annual Growth Rates

And we show the bottom 15.

FSA FSA_Place_Name City 12.mos.to.May2023 12.mos.to.May2022 Change Percent Change
V0H South Okanagan (Summerland) Rural Area 99 111 -12 -10.8%
V9N Courtenay Central Courtenay 98 99 -1 -1.0%
V0R Central Island (Chemainus) Rural Area 144 139 5 3.6%
V3W Surrey Upper West Surrey 171 163 8 4.9%
V3C Port Coquitlam South Port Coquitlam 72 65 7 10.8%
V1J Fort St. John Fort St. John 102 92 10 10.9%
V3N Burnaby (East Big Bend / Stride Avenue / Edmonds / Cariboo-Armstrong) Burnaby 96 84 12 14.3%
V4T Westbank Westbank 91 79 12 15.2%
V3A Langley City Langley 144 124 20 16.1%
V2B Kamloops Northwest Kamloops 162 139 23 16.5%
V2N Prince George South Prince George 72 60 12 20.0%
V0N North Island Rural Area 123 102 21 20.6%
V9R Nanaimo South Nanaimo 129 106 23 21.7%
V2M Prince George West Central Prince George 95 78 17 21.8%
V0E Central Okanagan and High Country (Revelstoke) Rural Area 165 135 30 22.2%


Notes

  • 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 May 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