ON Consumer Insolvency Trends
Ken Rowan
January 5, 2024
Full site: debtsgo.ca
Data to
November 2023 For data source see notes following.
Ontario
Monthly Filings
November 2023 consumer insolvencies were up 6.9%% from October and up 26.1% year-over-year.
Consumer Proposals
November 2023 CPs accounted for 81.7% of all consumer insolvencies.
File Growth
Greater Toronto Area
Toronto Region: Toronto, Don Mills, Downsview, Weston, Willowdale. Peel Region: Bolton, Brampton, Caledon, Mississauga. Durham Region: Ajax, Courtice, Oshawa, Pickering, Port Perry, Uxbridge, Whitby. Halton Region: Acton, Burlington, Georgetown, Milton, Oakville, Orangeville. York Region: Aurora, Concord, Holland Landing, Keswick, King City, Maple, Markham, Newmarket, Richmond Hill, Stouffville, Thornhill, Woodbridge.
Cities
Most Active
Top % Annual Gainers
Lowest % Annual Gainers
10-Year Monthly Highs and Lows
New Highs
New Lows - none
Major Cities: Monthly Growth
Major Cities: Yearly Growth
Forward Sortation Areas
ON has 524 FSAs. When analyzing and reporting on them I filter out FSAs having an average of less than 6 monthly consumer insolvencies, leaving 232 FSAs.
Most Actives
| FSA | FSA.Place.Name | City | Nov2023 | Mean | Nov2023.over.Mean |
|---|---|---|---|---|---|
| L4N | Barrie South | Barrie | 44 | 34.7 | 126.8% |
| L7A | Brampton West | Brampton | 35 | 19.9 | 176.0% |
| L4M | Barrie North | Barrie | 34 | 17.6 | 192.9% |
| K0K | Quinte Shores | Rural Area | 32 | 26.4 | 121.2% |
| L6Y | Brampton South | Brampton | 30 | 19.9 | 151.1% |
| L9T | Milton | Milton | 28 | 17.8 | 157.3% |
| L6S | Brampton North Central | Brampton | 26 | 14.7 | 176.4% |
| M2R | Willowdale West | Willowdale | 26 | 16.4 | 158.6% |
| M3N | North York (Jane and Finch) | Toronto | 25 | 18.4 | 136.2% |
| K9J | Peterborough South | Peterborough | 24 | 12.7 | 189.6% |
| L1C | Bowmanville West | Bowmanville | 23 | 10.5 | 218.7% |
| L1H | Oshawa Southeast | Oshawa | 23 | 12.6 | 182.5% |
| M1J | Scarborough (Eglinton) | Toronto | 23 | 14.0 | 164.7% |
| M9V | Etobicoke (South Steeles / Silverstone / Humbergate / Jamestown / Mount Olive … ) | Toronto | 23 | 17.7 | 130.2% |
| K0A | National Capital Region (Almonte) | Rural Area | 22 | 22.5 | 97.7% |
Top % Annual Gainers
| FSA | FSA_Place_Name | City | 12.mos.to.Nov2023 | YOY Change | YOY Pct Chg |
|---|---|---|---|---|---|
| P6C | Sault Ste. Marie North | Sault Ste. Marie | 122 | 53 | 76.8% |
| N5R | St. Thomas South | St. Thomas | 152 | 66 | 76.7% |
| M6B | North York (Glencairn) | Toronto | 121 | 52 | 75.4% |
| N8W | Windsor (South Walkerville / West Fontainbleu / Walker Farm / Devonshire) | Windsor ON | 103 | 43 | 71.7% |
| N7M | Chatham Southeast | Chatham, ON | 139 | 57 | 69.5% |
| N6J | London (Southcrest / East Westmount / West Highland) | London | 149 | 61 | 69.3% |
| L8H | Hamilton (West Kentley / McQuesten / Parkview / Hamilton Beach…) | Hamilton | 162 | 65 | 67.0% |
| L0S | Niagara Regional Municipality (Fonthill) | Rural Area | 120 | 48 | 66.7% |
| K0G | Rideau Lakes area (Kemptville) | Rural Area | 102 | 40 | 64.5% |
| L3X | Newmarket Southwest | Newmarket | 105 | 41 | 64.1% |
| L6Z | Brampton West Central | Brampton | 112 | 43 | 62.3% |
| N2E | Kitchener Southwest | Kitchener | 163 | 62 | 61.4% |
| L1K | Oshawa East | Oshawa | 143 | 53 | 58.9% |
| M2J | North York (Fairview / Henry Farm / Oriole) | Toronto | 232 | 86 | 58.9% |
| N3T | Brantford Southwest | Brantford | 180 | 66 | 57.9% |
Lowest % Annual Gainers
| FSA | FSA_Place_Name | City | 12.mos.to.Nov2023 | YOY Change | YOY Pct Chg |
|---|---|---|---|---|---|
| P0L | Cochrane Region (Hearst) | Rural Area | 71 | -19 | -21.1% |
| K1K | Ottawa (Overbrook) | Ottawa | 135 | -27 | -16.7% |
| N8S | Windsor (Riverside) | Windsor ON | 83 | -9 | -9.8% |
| N6C | London South (East Highland / North White Oaks / North Westminster) | London | 120 | -12 | -9.1% |
| K2G | Nepean (Davidson Heights) | Nepean | 103 | -10 | -8.8% |
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 November 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