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Data to May 2023.
For data source see notes following.
A five-year chart of Quebec consumer insolvency filings.
To measure growth we compare total filings in the 12 months ended May 2023 with those in the 12 months ended May 2022.
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.
We rank cities by the number of consumer insolvencies filed in the most recent month.
We filter out cities having less than 120 filings per year and report the 25 having the highest growth.
| City | 12.mos.to.May2023 | 12.mos.to.May2022 | Change | Percent Change |
|---|---|---|---|---|
| Mascouche | 186 | 113 | 73 | 64.6% |
| Vimont | 93 | 57 | 36 | 63.2% |
| Cartierville | 117 | 75 | 42 | 56.0% |
| Auteuil | 80 | 52 | 28 | 53.8% |
| Saint-Hyacinthe | 312 | 215 | 97 | 45.1% |
| Brossard | 226 | 158 | 68 | 43.0% |
| Cote-Saint-Luc | 107 | 75 | 32 | 42.7% |
| Saint-Laurent | 223 | 158 | 65 | 41.1% |
| Trois-Rivieres | 389 | 278 | 111 | 39.9% |
| Terrebonne | 329 | 242 | 87 | 36.0% |
| Laval-sur-le-Lac | 76 | 56 | 20 | 35.7% |
| Quebec City | 851 | 630 | 221 | 35.1% |
| Repentigny | 285 | 211 | 74 | 35.1% |
| Rock Forest | 108 | 80 | 28 | 35.0% |
| Charlesbourg | 191 | 143 | 48 | 33.6% |
| Jonquiere | 254 | 192 | 62 | 32.3% |
| Joliette | 261 | 199 | 62 | 31.2% |
| Rosemont | 294 | 225 | 69 | 30.7% |
| Rouyn-Noranda | 156 | 120 | 36 | 30.0% |
| Laval-des-Rapides | 215 | 166 | 49 | 29.5% |
| Sainte-Sophie | 99 | 77 | 22 | 28.6% |
| Beauport | 348 | 272 | 76 | 27.9% |
| Maisonneuve | 96 | 76 | 20 | 26.3% |
| Saint-Lin-Laurentides | 230 | 183 | 47 | 25.7% |
| Verdun | 178 | 143 | 35 | 24.5% |
We report the 10 cities having the lowest annual growth rates.
| City | 12.mos.to.May2023 | 12.mos.to.May2022 | Change | Percent Change |
|---|---|---|---|---|
| Val-d’Or | 118 | 139 | -21 | -15.1% |
| Rimouski | 134 | 152 | -18 | -11.8% |
| Chomedey | 276 | 308 | -32 | -10.4% |
| Petite-Patrie | 115 | 125 | -10 | -8.0% |
| Saint-Pierre | 105 | 112 | -7 | -6.2% |
| Buckingham | 108 | 114 | -6 | -5.3% |
| Villeray | 138 | 144 | -6 | -4.2% |
| Vaudreuil-Dorion | 161 | 167 | -6 | -3.6% |
| Loretteville | 118 | 117 | 1 | 0.9% |
| Fabreville | 81 | 79 | 2 | 2.5% |
For each city having at least 120 files annually, 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.
The 30 most active FSAs in the current month and their monthly mean since 2013.
| FSA | FSA.Place.Name | City | May2023 | Mean | May2023.over.Mean |
|---|---|---|---|---|---|
| J0K | Lanaudiere-Nord (Saint-Esprit) | Rural Area | 38 | 73.6 | 51.6% |
| G0A | Capitale-Nationale (Stoneham) | Rural Area | 35 | 27.0 | 129.5% |
| H7N | Laval-des-Rapides | Laval-des-Rapides | 33 | 21.3 | 155.2% |
| J0L | Monteregie-Nord (Saint-Antoine-Sur-Richelieu) | Rural Area | 33 | 33.5 | 98.4% |
| G0X | Mauricie (Parent) | Rural Area | 28 | 19.5 | 143.4% |
| G0R | Appalaches (La Pocatiere) | Rural Area | 24 | 21.4 | 111.9% |
| J4J | Longueuil Central | Longueuil | 24 | 19.6 | 122.4% |
| J6E | Joliette | Joliette | 23 | 21.7 | 106.2% |
| J2B | Drummondville South | Drummondville | 22 | 15.7 | 139.9% |
| J7Z | Saint-Jerome Southeast | Saint-Jerome | 22 | 21.4 | 102.6% |
| G0S | Chaudiere-Nord (Saint-Joseph-De-Beauce) | Rural Area | 21 | 20.2 | 104.2% |
| G1E | Beauport South | Beauport | 20 | 15.2 | 131.8% |
| J3B | Saint-Jean-sur-Richelieu Central | Saint-Jean-sur-Richelieu | 20 | 20.9 | 95.6% |
| J0B | Estrie-Est (Stanstead) | Rural Area | 19 | 19.4 | 97.8% |
| J3Y | Saint-Hubert Central | Saint-Hubert | 19 | 22.1 | 86.1% |
| J7J | Mirabel Northeast | Mirabel | 19 | 12.6 | 150.4% |
| J7Y | Saint-Jerome North | Saint-Jerome | 19 | 19.7 | 96.6% |
| J0J | Monteregie-Est (Bedford) | Rural Area | 17 | 17.4 | 97.6% |
| J7E | Sainte-Therese-de-Blainville Central | Sainte-Therese-de-Blainville | 17 | 16.6 | 102.2% |
| J8T | Gatineau Southwest | Gatineau | 17 | 22.1 | 76.8% |
| G1H | Charlesbourg South | Charlesbourg | 16 | 14.1 | 113.2% |
| H1B | Montreal East | Montreal | 16 | 12.3 | 130.0% |
| H1E | Riviere-des-Prairies Southwest | Montreal | 16 | 15.1 | 106.3% |
| J6N | Beauharnois | Beauharnois | 16 | 7.9 | 201.8% |
| J6W | Terrebonne Central | Terrebonne | 16 | 15.9 | 100.9% |
| G9A | Trois-Rivieres East | Trois-Rivieres | 15 | 12.4 | 121.1% |
| J0X | Outaouais-Sud (Thurso) | Rural Area | 15 | 21.2 | 70.6% |
| J2S | Saint-Hyacinthe Southwest | Saint-Hyacinthe | 15 | 13.4 | 111.9% |
| J7K | Mascouche Extremities | Mascouche | 15 | 15.7 | 95.3% |
| J9J | Aylmer North | Aylmer QC | 15 | 11.0 | 136.3% |
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.
| FSA | FSA_Place_Name | City | 12.mos.to.May2023 | 12.mos.to.May2022 | Change | Percent Change |
|---|---|---|---|---|---|---|
| H4L | Saint-Laurent Inner Northeast | Saint-Laurent | 83 | 39 | 44 | 112.8% |
| J8B | Sainte-Adele | Sainte-Adele | 73 | 37 | 36 | 97.3% |
| J2T | Saint-Hyacinthe East | Saint-Hyacinthe | 90 | 47 | 43 | 91.5% |
| G9T | Grand-Mere | Grand-Mere | 86 | 49 | 37 | 75.5% |
| G1K | Quebec City Mid-Riverbank | Quebec City | 102 | 60 | 42 | 70.0% |
| H4R | Saint-Laurent Central | Saint-Laurent | 47 | 28 | 19 | 67.9% |
| H7M | Vimont | Vimont | 93 | 57 | 36 | 63.2% |
| J6Y | Terrebonne Southwest | Terrebonne | 66 | 41 | 25 | 61.0% |
| G1L | Quebec City Northeast | Quebec City | 141 | 90 | 51 | 56.7% |
| G4X | Gaspe | Gaspe | 67 | 43 | 24 | 55.8% |
| J7K | Mascouche Extremities | Mascouche | 138 | 89 | 49 | 55.1% |
| G1C | Beauport Central | Beauport | 127 | 82 | 45 | 54.9% |
| J5A | Saint-Constant | Saint-Constant | 82 | 53 | 29 | 54.7% |
| H3W | Cotes-des-Neiges Southwest | Cote-des-Neiges | 81 | 53 | 28 | 52.8% |
| J0V | Laurentides-Sud (Cheneville) | Rural Area | 132 | 87 | 45 | 51.7% |
| H2B | Ahuntsic North | Ahuntsic | 68 | 45 | 23 | 51.1% |
| G7X | Jonquiere Central | Jonquiere | 166 | 112 | 54 | 48.2% |
| J4B | Boucherville | Boucherville | 62 | 42 | 20 | 47.6% |
| J6A | Repentigny South | Repentigny | 120 | 82 | 38 | 46.3% |
| H1X | Rosemont Central | Rosemont | 120 | 83 | 37 | 44.6% |
| G8Z | Trois-Rivieres Northeast | Trois-Rivieres | 78 | 54 | 24 | 44.4% |
| G1H | Charlesbourg South | Charlesbourg | 158 | 110 | 48 | 43.6% |
| G8B | Alma Southeast | Alma | 91 | 64 | 27 | 42.2% |
| G3K | Val-Belair South | Val-Belair | 81 | 58 | 23 | 39.7% |
| G6V | Levis North | Levis | 143 | 103 | 40 | 38.8% |
And we show the bottom 15.
| FSA | FSA_Place_Name | City | 12.mos.to.May2023 | 12.mos.to.May2022 | Change | Percent Change |
|---|---|---|---|---|---|---|
| J2W | Saint-Luc | Saint-Luc | 59 | 83 | -24 | -28.9% |
| H2L | Centre-Sud South | Montreal | 53 | 72 | -19 | -26.4% |
| G7J | Chicoutimi West | Chicoutimi | 57 | 76 | -19 | -25.0% |
| G5L | Rimouski Central | Rimouski | 95 | 118 | -23 | -19.5% |
| H2E | Villeray Northeast | Villeray | 66 | 79 | -13 | -16.5% |
| H7T | Chomedey Northwest | Chomedey | 66 | 79 | -13 | -16.5% |
| G7S | Jonquiere Northeast | Jonquiere | 41 | 49 | -8 | -16.3% |
| J5C | Sainte-Catherine | Sainte-Catherine | 47 | 56 | -9 | -16.1% |
| J1H | Sherbrooke Central | Sherbrooke | 147 | 174 | -27 | -15.5% |
| H3N | Parc-Extension | Parc-Extension | 50 | 59 | -9 | -15.3% |
| J9P | Val-d’Or | Val-d’Or | 118 | 139 | -21 | -15.1% |
| H7W | Chomedey South | Chomedey | 107 | 125 | -18 | -14.4% |
| H2S | Petite-Patrie Southwest | Petite-Patrie | 58 | 67 | -9 | -13.4% |
| J4V | Greenfield Park | Greenfield Park | 51 | 57 | -6 | -10.5% |
| J7V | Vaudreuil-Dorion | Vaudreuil-Dorion | 113 | 126 | -13 | -10.3% |
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