QC Consumer Insolvency Trends
Ken Rowan
January 5, 2024
Full site: debtsgo.ca
Data to
November 2023 For data source see notes following.
Quebec
Monthly Filings
November 2023 consumer insolvencies were up 4.6% from October and are up 18.3% year-over-year.
Consumer Proposals
CPs in November 2023 represented 70.3% of all QC consumer insolvencies, the lowest provincial rate in Canada.
File Growth
Cities
Most Active
Top % Annual Gainers
Lowest % Annual Gainers
10-Year Monthly Highs and Lows
New Highs - none
New Lows - none
Major Cities: Monthly Growth
Major Cities: Yearly Growth
Forward Sortation Areas
Most Actives
| FSA | FSA.Place.Name | City | Nov2023 | Mean | Nov2023.over.Mean |
|---|---|---|---|---|---|
| J0K | Lanaudiere-Nord (Saint-Esprit) | Rural Area | 69 | 72.3 | 95.4% |
| J6E | Joliette | Joliette | 33 | 22.0 | 150.3% |
| J0L | Monteregie-Nord (Saint-Antoine-Sur-Richelieu) | Rural Area | 32 | 33.0 | 96.9% |
| J0T | Laurentides-Nord (Montcalm) | Rural Area | 28 | 23.8 | 117.8% |
| G7X | Jonquiere Central | Jonquiere | 26 | 14.4 | 180.0% |
| H1G | Montreal North North | Montreal | 26 | 22.7 | 114.4% |
| J3Y | Saint-Hubert Central | Saint-Hubert | 24 | 21.5 | 111.5% |
| G0A | Capitale-Nationale (Stoneham) | Rural Area | 23 | 27.4 | 84.0% |
| G0R | Appalaches (La Pocatiere) | Rural Area | 23 | 21.5 | 106.9% |
| G0C | Gaspe-Sud (New Richmond) | Rural Area | 22 | 17.2 | 128.0% |
| G0X | Mauricie (Parent) | Rural Area | 22 | 19.2 | 114.4% |
| J5M | Saint-Lin-Laurentides | Saint-Lin-Laurentides | 22 | 17.1 | 128.6% |
| G0S | Chaudiere-Nord (Saint-Joseph-De-Beauce) | Rural Area | 21 | 20.1 | 104.4% |
| J0X | Outaouais-Sud (Thurso) | Rural Area | 21 | 20.7 | 101.6% |
| J2B | Drummondville South | Drummondville | 21 | 15.6 | 134.3% |
Top % Annual Gainers
| FSA | FSA_Place_Name | City | 12.mos.to.Nov2023 | YOY Change | YOY Pct Chg |
|---|---|---|---|---|---|
| J6Z | Sainte-Therese-de-Blainville Northeast | Sainte-Therese-de-Blainville | 53 | 26 | 96.3% |
| H1P | Saint-Leonard North | Montreal | 65 | 28 | 75.7% |
| J6Y | Terrebonne Southwest | Terrebonne | 72 | 31 | 75.6% |
| J3H | Beloeil East | Beloeil | 63 | 26 | 70.3% |
| J7J | Mirabel Northeast | Mirabel | 144 | 56 | 63.6% |
| H7A | Duvernay-Est | Duvernay | 66 | 25 | 61.0% |
| G7S | Jonquiere Northeast | Jonquiere | 53 | 20 | 60.6% |
| H3W | Cotes-des-Neiges Southwest | Cote-des-Neiges | 93 | 35 | 60.3% |
| H4L | Saint-Laurent Inner Northeast | Saint-Laurent | 94 | 35 | 59.3% |
| H7L | Sainte-Rose | Sainte-Rose | 87 | 32 | 58.2% |
| J3Y | Saint-Hubert Central | Saint-Hubert | 227 | 83 | 57.6% |
| G4R | Sept-Iles Southeast | Sept-Iles | 80 | 29 | 56.9% |
| J8N | Val-des-Monts | Val-des-Monts | 48 | 17 | 54.8% |
| J2B | Drummondville South | Drummondville | 241 | 85 | 54.5% |
| J3E | Sainte-Julie | Sainte-Julie | 51 | 18 | 54.5% |
Lowest % Annual Gainers
| FSA | FSA_Place_Name | City | 12.mos.to.Nov2023 | YOY Change | YOY Pct Chg |
|---|---|---|---|---|---|
| G7B | La Baie | La Baie | 49 | -16 | -24.6% |
| G0V | Saguenay-Lac-St-Jean (Alouette) | Rural Area | 51 | -10 | -16.4% |
| H1Z | Saint-Michel West | Saint-Michel | 98 | -15 | -13.3% |
| J1H | Sherbrooke Central | Sherbrooke | 148 | -20 | -11.9% |
| J5T | Lavaltrie | Lavaltrie | 59 | -8 | -11.9% |
| J8P | Gatineau Southeast | Gatineau | 188 | -24 | -11.3% |
| H2G | Petite-Patrie Northeast | Petite-Patrie | 52 | -6 | -10.3% |
| J2W | Saint-Luc | Saint-Luc | 60 | -6 | -9.1% |
| H8R | Saint-Pierre | Saint-Pierre | 115 | -11 | -8.7% |
| G9N | Shawinigan Central | Shawinigan | 105 | -9 | -7.9% |
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