Canada Consumer Insolvency Trends
Ken Rowan
November 3, 2023
Full site: debtsgo.ca
Data to September
2023. For data source see notes following.
Canada
Monthly Filings
Consumer insolvencies were up 0.7% from August to September.
Consumer Proposals
Consumer proposals represented 79.2% of all consumer filings in September 2023.
Annual File Growth
Provincial
Monthly File Growth
Annual File Growth
Regions / Municipal Areas
Mean and Current Monthly Filings
| CMA.Region | September2023 | Mean | September2023.over.Mean |
|---|---|---|---|
| Montreal - CMA | 1141 | 1320.6 | 86.4% |
| Toronto Region | 805 | 661.2 | 121.7% |
| Edmonton - CMA | 507 | 360.0 | 140.8% |
| Vancouver Metro | 504 | 403.6 | 124.9% |
| Calgary - CMA | 441 | 366.9 | 120.2% |
| Peel Region | 345 | 326.2 | 105.8% |
| Ottawa-Gatineau - CMA | 341 | 349.3 | 97.6% |
| London - CMA | 215 | 187.9 | 114.4% |
| Quebec City - CMA | 210 | 198.0 | 106.1% |
| York Region | 199 | 164.5 | 121.0% |
| Durham Region | 196 | 137.7 | 142.4% |
| Hamilton - CMA | 192 | 152.6 | 125.8% |
| Winnipeg - CMA | 178 | 137.9 | 129.1% |
| Kitchener - Cambridge -Waterloo - CMA | 158 | 145.6 | 108.5% |
| Halifax - CMA | 135 | 135.1 | 99.9% |
| St. Catharines - Niagara - CMA | 124 | 103.3 | 120.0% |
| Windsor - CMA | 106 | 89.7 | 118.2% |
| Halton Region | 100 | 84.7 | 118.0% |
| Greater Sudbury - CMA | 93 | 89.5 | 103.9% |
| Barrie - CMA | 91 | 101.2 | 89.9% |
| Regina - CMA | 83 | 59.0 | 140.7% |
| Saskatoon - CMA | 83 | 60.8 | 136.6% |
| Victoria - CMA | 83 | 81.5 | 101.8% |
| Sherbrooke - CMA | 82 | 86.0 | 95.3% |
| St. John’s - CMA | 82 | 90.7 | 90.4% |
| Moncton - CMA | 73 | 70.9 | 102.9% |
| Lethbridge - CMA | 66 | 33.9 | 194.5% |
| Trois Rivieres - CMA | 66 | 59.4 | 111.1% |
| Kamloops - CMA | 59 | 43.0 | 137.2% |
| Kelowna - CMA | 59 | 53.5 | 110.2% |
| Peterborough - CMA | 57 | 49.6 | 115.0% |
| Brantford - CMA | 52 | 32.9 | 158.0% |
| Kingston - CMA | 50 | 43.8 | 114.1% |
| Belleville-Quinte West - CMA | 48 | 55.2 | 87.0% |
| Saint John - CMA | 48 | 56.9 | 84.3% |
| Abbotsford - CMA | 45 | 37.9 | 118.6% |
| Nanaimo - CMA | 40 | 28.8 | 139.0% |
| Thunder Bay - CMA | 40 | 33.8 | 118.4% |
| Chilliwack - CMA | 38 | 20.8 | 182.6% |
| Guelph - CMA | 31 | 29.6 | 104.8% |
| Fredericton - CMA | 30 | 41.4 | 72.5% |
Major Cities
MOM Growth Rates
YOY Growth Rates
10-Year Monthly Highs and Lows
New Highs
New Lows
Forward Sortation Areas
Most Actives
| FSA | FSA_Place_Name | City | Prov | September2023 | Mean | September2023.over.Mean |
|---|---|---|---|---|---|---|
| J0K | Lanaudiere-Nord (Saint-Esprit) | Rural Area | QC | 63 | 72.3 | 87.1% |
| T6W | Edmonton (Heritage Valley) | Edmonton | AB | 43 | 16.7 | 257.2% |
| T5T | Edmonton West (West Jasper Place / West Edmonton Mall) | Edmonton | AB | 41 | 25.2 | 162.6% |
| L4N | Barrie South | Barrie | ON | 31 | 34.9 | 89.0% |
| T2A | Calgary (Penbrooke Meadows / Marlborough) | Calgary | AB | 30 | 29.8 | 100.7% |
| T9K | Fort McMurray Northwest | Fort McMurray | AB | 30 | 13.2 | 226.4% |
| G0A | Capitale-Nationale (Stoneham) | Rural Area | QC | 28 | 27.4 | 102.0% |
| J2B | Drummondville South | Drummondville | QC | 28 | 15.6 | 179.4% |
| M2J | North York (Fairview / Henry Farm / Oriole) | Toronto | ON | 28 | 14.3 | 195.8% |
| T2Y | Calgary (Millrise / Somerset / Bridlewood / Evergreen) | Calgary | AB | 28 | 18.0 | 156.0% |
| G0X | Mauricie (Parent) | Rural Area | QC | 27 | 19.2 | 140.7% |
| T2Z | Calgary (Douglas Glen / McKenzie Lake / Copperfield / East Shepard) | Calgary | AB | 27 | 17.7 | 152.3% |
| G0S | Chaudiere-Nord (Saint-Joseph-De-Beauce) | Rural Area | QC | 26 | 20.2 | 128.8% |
| J0L | Monteregie-Nord (Saint-Antoine-Sur-Richelieu) | Rural Area | QC | 26 | 33.0 | 78.7% |
| J4L | Longueuil Southeast | Longueuil | QC | 26 | 18.3 | 142.0% |
| J7N | Mirabel Southwest | Mirabel | QC | 26 | 15.9 | 163.5% |
| M1B | Scarborough (Malvern / Rouge River) | Toronto | ON | 26 | 20.6 | 126.3% |
| L1J | Oshawa Southwest | Oshawa | ON | 25 | 18.4 | 136.1% |
| T1Y | Calgary (Rundle / Whitehorn / Monterey Park) | Calgary | AB | 25 | 20.3 | 123.0% |
| T3J | Calgary (Martindale / Taradale / Falconridge / Saddle Ridge) | Calgary | AB | 25 | 23.3 | 107.1% |
Top % Annual Gainers
| FSA | FSA_Place_Name | City | Province | 12.mos.to.September2023 | 12.mos.to.September2022 | Change | Percent Change |
|---|---|---|---|---|---|---|---|
| H1P | Saint-Leonard North | Montreal | QC | 70 | 37 | 33 | 89.2% |
| L6Z | Brampton West Central | Brampton | ON | 109 | 60 | 49 | 81.7% |
| H4L | Saint-Laurent Inner Northeast | Saint-Laurent | QC | 95 | 53 | 42 | 79.2% |
| L5M | Mississauga (Churchill Meadows / Central Erin Mills / South Streetsville) | Mississauga | ON | 199 | 113 | 86 | 76.1% |
| V2A | Penticton | Penticton | BC | 160 | 91 | 69 | 75.8% |
| P6C | Sault Ste. Marie North | Sault Ste. Marie | ON | 121 | 69 | 52 | 75.4% |
| L1K | Oshawa East | Oshawa | ON | 139 | 81 | 58 | 71.6% |
| H3W | Cotes-des-Neiges Southwest | Cote-des-Neiges | QC | 89 | 52 | 37 | 71.2% |
| J3H | Beloeil East | Beloeil | QC | 63 | 37 | 26 | 70.3% |
| G1K | Quebec City Mid-Riverbank | Quebec City | QC | 108 | 64 | 44 | 68.8% |
| N5R | St. Thomas South | St. Thomas | ON | 140 | 83 | 57 | 68.7% |
| J6Y | Terrebonne Southwest | Terrebonne | QC | 67 | 40 | 27 | 67.5% |
| L4C | Richmond Hill Southwest | Richmond Hill | ON | 201 | 121 | 80 | 66.1% |
| M6B | North York (Glencairn) | Toronto | ON | 116 | 70 | 46 | 65.7% |
| N8W | Windsor (South Walkerville / West Fontainbleu / Walker Farm / Devonshire) | Windsor ON | ON | 91 | 55 | 36 | 65.5% |
| V2S | Abbotsford Southeast | Abbotsford | BC | 212 | 130 | 82 | 63.1% |
| B2H | New Glasgow | New Glasgow | NS | 88 | 54 | 34 | 63.0% |
| L0S | Niagara Regional Municipality (Fonthill) | Rural Area | ON | 112 | 69 | 43 | 62.3% |
| J2B | Drummondville South | Drummondville | QC | 229 | 142 | 87 | 61.3% |
| J6Z | Sainte-Therese-de-Blainville Northeast | Sainte-Therese-de-Blainville | QC | 48 | 30 | 18 | 60.0% |
| A0K | Northwest Newfoundland/Eastern Labrador (Mary’s Harbour) | Rural Area | NL | 102 | 64 | 38 | 59.4% |
| T5L | Edmonton (North Westmount / West Calder / East Mistatim) | Edmonton | AB | 105 | 66 | 39 | 59.1% |
| T6J | Edmonton (Kaskitayo) | Edmonton | AB | 162 | 102 | 60 | 58.8% |
| R2V | Winnipeg (Seven Oaks East) | Winnipeg | MB | 149 | 94 | 55 | 58.5% |
| B4C | Lower Sackville South | Lower Sackville | NS | 106 | 67 | 39 | 58.2% |
| J7J | Mirabel Northeast | Mirabel | QC | 136 | 86 | 50 | 58.1% |
| L4H | Woodbridge North | Woodbridge | ON | 120 | 76 | 44 | 57.9% |
| M2J | North York (Fairview / Henry Farm / Oriole) | Toronto | ON | 213 | 135 | 78 | 57.8% |
| M3H | North York (Armour Heights / Wilson Heights / Downsview North) | Toronto | ON | 167 | 106 | 61 | 57.5% |
| L3X | Newmarket Southwest | Newmarket | ON | 102 | 65 | 37 | 56.9% |
Top % Annual Losers
And we show the bottom 30.
| FSA | FSA_Place_Name | City | Province | 12.mos.to.September2023 | 12.mos.to.September2022 | Change | Percent Change |
|---|---|---|---|---|---|---|---|
| G7B | La Baie | La Baie | QC | 49 | 69 | -20 | -29.0% |
| J1H | Sherbrooke Central | Sherbrooke | QC | 133 | 178 | -45 | -25.3% |
| H1Z | Saint-Michel West | Saint-Michel | QC | 86 | 115 | -29 | -25.2% |
| M9A | Etobicoke (Islington Avenue) | Toronto | ON | 91 | 115 | -24 | -20.9% |
| J8P | Gatineau Southeast | Gatineau | QC | 181 | 228 | -47 | -20.6% |
| K1K | Ottawa (Overbrook) | Ottawa | ON | 130 | 161 | -31 | -19.3% |
| E2K | Saint John North | Saint John | NB | 85 | 104 | -19 | -18.3% |
| N2A | Kitchener East | Kitchener | ON | 75 | 91 | -16 | -17.6% |
| P0L | Cochrane Region (Hearst) | Rural Area | ON | 73 | 87 | -14 | -16.1% |
| J7P | Saint-Eustache Northeast | Saint-Eustache | QC | 100 | 116 | -16 | -13.8% |
| N6C | London South (East Highland / North White Oaks / North Westminster) | London | ON | 110 | 125 | -15 | -12.0% |
| G9N | Shawinigan Central | Shawinigan | QC | 99 | 112 | -13 | -11.6% |
| T0B | Wainwright Region (Tofield) | Rural Area | AB | 175 | 197 | -22 | -11.2% |
| J6W | Terrebonne Central | Terrebonne | QC | 121 | 135 | -14 | -10.4% |
| K9V | Lindsay | Lindsay | ON | 95 | 106 | -11 | -10.4% |
| N0N | Lambton (Forest) | Rural Area | ON | 69 | 77 | -8 | -10.4% |
| J2W | Saint-Luc | Saint-Luc | QC | 61 | 68 | -7 | -10.3% |
| K2B | Ottawa (Britannia / Pinecrest) | Ottawa | ON | 106 | 118 | -12 | -10.2% |
| E1B | Riverview | Riverview | NB | 80 | 89 | -9 | -10.1% |
| J5R | La Prairie | La Prairie | QC | 90 | 100 | -10 | -10.0% |
| G6G | Thetford Mines | Thetford Mines | QC | 75 | 83 | -8 | -9.6% |
| J5T | Lavaltrie | Lavaltrie | QC | 57 | 63 | -6 | -9.5% |
| K1L | Ottawa (Vanier) | Ottawa | ON | 77 | 85 | -8 | -9.4% |
| M6E | York (Fairbank / Oakwood) | Toronto | ON | 119 | 131 | -12 | -9.2% |
| J8M | Masson-Angers | Masson-Angers | QC | 60 | 66 | -6 | -9.1% |
| J5L | Saint-Jerome West | Saint-Jerome | QC | 91 | 100 | -9 | -9.0% |
| L5L | Mississauga (Erin Mills / Western Business Park) | Mississauga | ON | 97 | 106 | -9 | -8.5% |
| J6S | Salaberry-de-Valleyfield North | Salaberry-de-Valleyfield | QC | 110 | 120 | -10 | -8.3% |
| N4S | Woodstock Central | Woodstock, ON | ON | 134 | 146 | -12 | -8.2% |
| T9E | Leduc | Leduc | AB | 181 | 197 | -16 | -8.1% |
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 September 2023, https://open.canada.ca/ , debtsgo.ca
Consumer bankruptcies and consumer proposals are as defined by the BIA and the OSB. For definitions, see https://open.canada.ca/
Ken Rowan is a retired Licensed Insolvency Trustee and a retired CPA-CA, CA
Questions or Comments? Email debtsgo.ca