Manitoba Consumer Insolvency Trends
Ken Rowan
June 28, 2023
Full site: debtsgo.ca
Data to May 2023.
For data source see notes following.
MB
Monthly Filings
A five-year chart of Manitoba 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.
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 cites having less than 60 filings per year and summarize by highest annual growth.
| City | 12.mos.to.May2023 | 12.mos.to.May2022 | Change | Percent Change |
|---|---|---|---|---|
| Winnipeg | 2036 | 1540 | 496 | 32.2% |
| Brandon | 192 | 153 | 39 | 25.5% |
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 |
|---|---|---|---|---|---|
| R7A | Brandon Southeast | Brandon | 16 | 8.4 | 190.7% |
| R2V | Winnipeg (Seven Oaks East) | Winnipeg | 14 | 7.8 | 179.9% |
| R0G | South Central Manitoba (Altona) | Rural Area | 13 | 4.5 | 288.1% |
| R2W | Winnipeg (Point Douglas East) | Winnipeg | 13 | 7.3 | 177.6% |
| R0A | Southeastern Manitoba (Lorette) | Rural Area | 12 | 6.1 | 197.1% |
| R2K | Winnipeg (River East Central) | Winnipeg | 12 | 7.7 | 156.4% |
| R2R | Winnipeg (Inkster West) | Winnipeg | 12 | 4.3 | 277.8% |
| R2M | Winnipeg (St. Vital North) | Winnipeg | 11 | 6.9 | 159.7% |
| R3J | Winnipeg (St. James-Assiniboia SE) | Winnipeg | 11 | 6.1 | 180.0% |
| R0C | North Interlake (Stonewall) | Rural Area | 10 | 6.1 | 163.2% |
| R2C | Winnipeg (Transcona) | Winnipeg | 10 | 6.7 | 150.1% |
| R2L | Winnipeg (River East South) | Winnipeg | 10 | 4.6 | 216.6% |
| R3C | Winnipeg (Broadway / The Forks / Portage and Main) Manitoba Provincial Government | Winnipeg | 10 | 4.8 | 207.6% |
| R5G | Steinbach | Steinbach | 10 | 4.3 | 234.5% |
| R2X | Winnipeg (Point Douglas West / Inkster East) | Winnipeg | 9 | 5.8 | 155.0% |
| R1N | Portage la Prairie | Portage la Prairie | 8 | 3.4 | 232.0% |
| R3L | Winnipeg (River Heights East) | Winnipeg | 8 | 4.1 | 196.9% |
| R3Y | Winnipeg (Fort Garry West) | Winnipeg | 8 | 2.0 | 390.6% |
| R0B | Northern Manitoba (Norway House) | Rural Area | 7 | 1.4 | 511.7% |
| R0E | Eastern Manitoba (Beausejour) | Rural Area | 7 | 5.4 | 129.2% |
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 growth.
| FSA | FSA_Place_Name | City | 12.mos.to.May2023 | 12.mos.to.May2022 | Change | Percent Change |
|---|---|---|---|---|---|---|
| R2M | Winnipeg (St. Vital North) | Winnipeg | 101 | 65 | 36 | 55.4% |
| R2W | Winnipeg (Point Douglas East) | Winnipeg | 137 | 92 | 45 | 48.9% |
| R7A | Brandon Southeast | Brandon | 133 | 92 | 41 | 44.6% |
| R3J | Winnipeg (St. James-Assiniboia SE) | Winnipeg | 91 | 66 | 25 | 37.9% |
| R0C | North Interlake (Stonewall) | Rural Area | 98 | 72 | 26 | 36.1% |
| R2V | Winnipeg (Seven Oaks East) | Winnipeg | 121 | 90 | 31 | 34.4% |
| R0A | Southeastern Manitoba (Lorette) | Rural Area | 85 | 74 | 11 | 14.9% |
| R2C | Winnipeg (Transcona) | Winnipeg | 96 | 88 | 8 | 9.1% |
| R2K | Winnipeg (River East Central) | Winnipeg | 103 | 99 | 4 | 4.0% |
| R2G | Winnipeg (River East North) | Winnipeg | 77 | 83 | -6 | -7.2% |
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