Saskatchewan Consumer Insolvency Trends
Ken Rowan
June 28, 2023
Full site: debtsgo.ca
Data to May 2023.
For 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 May 2023 with those in 12 months ended May 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.May2023 | 12.mos.to.May2022 | Change | Percent Change |
|---|---|---|---|---|
| Prince Albert | 177 | 121 | 56 | 46.3% |
| Saskatoon | 871 | 646 | 225 | 34.8% |
| Regina | 786 | 660 | 126 | 19.1% |
| Moose Jaw | 134 | 113 | 21 | 18.6% |
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 mean monthly filings since 2013.
| FSA | FSA.Place.Name | City | May2023 | Mean | May2023.over.Mean |
|---|---|---|---|---|---|
| S7L | Saskatoon West | Saskatoon | 29 | 13.7 | 211.7% |
| S4N | Regina Northeast and East Central | Regina | 17 | 9.0 | 189.2% |
| S4T | Regina West | Regina | 16 | 10.7 | 149.4% |
| S6V | Prince Albert Central | Prince Albert | 16 | 11.6 | 137.7% |
| S0K | Central Saskatchewan (Humboldt) | Rural Area | 13 | 16.7 | 77.9% |
| S4R | Regina North Central | Regina | 13 | 11.1 | 117.2% |
| S7H | Saskatoon East Central | Saskatoon | 13 | 6.8 | 192.5% |
| S7M | Saskatoon Southwest | Saskatoon | 13 | 9.6 | 135.4% |
| S0J | Northern Saskatchewan (La Ronge) | Rural Area | 11 | 7.3 | 150.1% |
| S7V | Saskatoon Southeast | Saskatoon | 11 | 2.1 | 518.9% |
| S7K | Saskatoon North Central | Saskatoon | 10 | 8.2 | 121.4% |
| S0G | South Central Saskatchewan (Fort Qu’Appelle) | Rural Area | 9 | 11.3 | 79.6% |
| S7N | Saskatoon Northeast Central | Saskatoon | 9 | 4.4 | 206.4% |
| S0M | Northwestern Saskatchewan (Battleford) | Rural Area | 8 | 7.5 | 107.3% |
| S6H | Moose Jaw Southeast | Moose Jaw | 8 | 8.3 | 96.0% |
| S4S | Regina South Saskatchewan Provincial Government | Regina | 7 | 6.3 | 110.3% |
| S7R | Saskatoon Northwest | Saskatoon | 7 | 2.4 | 292.6% |
| S9H | Swift Current | Swift Current | 7 | 3.4 | 206.4% |
| S4W | Regina Southwest | Regina | 6 | 2.5 | 241.2% |
| S0A | Yorkton Region (Melville) | Rural Area | 5 | 8.2 | 61.2% |
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 May 2023 to those in the 12-month period ended May 2022 to calculate the recent trend in filings. We show the top ten.
| FSA | FSA_Place_Name | City | 12.mos.to.May2023 | 12.mos.to.May2022 | Change | Percent Change |
|---|---|---|---|---|---|---|
| S7K | Saskatoon North Central | Saskatoon | 120 | 66 | 54 | 81.8% |
| S0M | Northwestern Saskatchewan (Battleford) | Rural Area | 138 | 88 | 50 | 56.8% |
| S6V | Prince Albert Central | Prince Albert | 172 | 120 | 52 | 43.3% |
| S0J | Northern Saskatchewan (La Ronge) | Rural Area | 117 | 82 | 35 | 42.7% |
| S7M | Saskatoon Southwest | Saskatoon | 138 | 103 | 35 | 34.0% |
| S4R | Regina North Central | Regina | 175 | 131 | 44 | 33.6% |
| S7L | Saskatoon West | Saskatoon | 200 | 156 | 44 | 28.2% |
| S7H | Saskatoon East Central | Saskatoon | 95 | 79 | 16 | 20.3% |
| S0K | Central Saskatchewan (Humboldt) | Rural Area | 215 | 180 | 35 | 19.4% |
| S6H | Moose Jaw Southeast | Moose Jaw | 117 | 98 | 19 | 19.4% |
Lowest Annual Growth Rates
And we show the bottom five.
| FSA | FSA_Place_Name | City | 12.mos.to.May2023 | 12.mos.to.May2022 | Change | Percent Change |
|---|---|---|---|---|---|---|
| S0A | Yorkton Region (Melville) | Rural Area | 120 | 118 | 2 | 1.7% |
| S0G | South Central Saskatchewan (Fort Qu’Appelle) | Rural Area | 154 | 146 | 8 | 5.5% |
| S4T | Regina West | Regina | 144 | 135 | 9 | 6.7% |
| S4S | Regina South Saskatchewan Provincial Government | Regina | 72 | 67 | 5 | 7.5% |
| S4N | Regina Northeast and East Central | Regina | 122 | 109 | 13 | 11.9% |
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 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