Maritime Consumer Insolvency Trends
Ken Rowan
January 5, 2024
Full site: debtsgo.ca
Data to
November 2023 For data source see notes following.
New Brunswick, Nova Scotia, Prince Edward Island
Monthly Filings
Consumer insolvencies in November 2023 were up slightly from October.
Consumer Proposals
CPs accounted for a slightly lower portion of consumer insolvencies from October.
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
The Maritimes has 195 FSAs. When analyzing and reporting on them I filter out FSAs having an average of less than 6 monthly consumer insolvencies, leaving 45 FSAs.
Most Actives
| FSA | FSA.Place.Name | City | Nov.2023 | Mean | Nov2023.over.Mean |
|---|---|---|---|---|---|
| E1A | Dieppe Moncton East | Moncton | 25 | 20.7 | 120.6% |
| B0N | Hants County (Shubenacadie) | Rural Area | 22 | 17.8 | 123.4% |
| B3M | Halifax Bedford Basin | Halifax | 21 | 14.5 | 145.0% |
| E3B | Fredericton South New Brunswick Prov Govt | Fredericton | 18 | 14.1 | 128.1% |
| B0K | Southern Northumberland Strait (Pictou) | Rural Area | 17 | 17.0 | 100.2% |
| C0A | Charlottetown | Rural Area | 17 | 15.4 | 110.1% |
| B0W | Southwest Mainland (Weymouth) | Rural Area | 16 | 11.7 | 137.2% |
| E1C | Moncton Central | Moncton | 16 | 13.8 | 116.4% |
| B0J | Mainland east shore (Lunenburg) | Rural Area | 13 | 14.8 | 87.9% |
| B2N | Truro | Truro | 12 | 11.6 | 103.3% |
| B1P | Sydney North Central | Sydney | 10 | 8.7 | 115.2% |
| B2W | Dartmouth East Central | Dartmouth | 10 | 11.9 | 84.0% |
| B3K | Halifax Upper Harbour | Halifax | 10 | 7.2 | 139.7% |
| B3L | Halifax Central | Halifax | 10 | 4.3 | 232.1% |
| E2J | Saint John East | Saint John | 10 | 10.4 | 95.9% |
Top % Annual Gainers
| FSA | FSA_Place_Name | City | 12.mos.to.Nov2023 | YOY Change | YOY Pct Chg |
|---|---|---|---|---|---|
| B4C | Lower Sackville South | Lower Sackville | 118 | 50 | 73.5% |
| B1H | New Waterford | New Waterford | 60 | 18 | 42.9% |
| B2Y | Dartmouth South Central | Dartmouth | 77 | 23 | 42.6% |
| B0M | Cobequid Bay north shore (Springhill) | Rural Area | 104 | 31 | 42.5% |
| B0K | Southern Northumberland Strait (Pictou) | Rural Area | 165 | 49 | 42.2% |
| B2W | Dartmouth East Central | Dartmouth | 122 | 34 | 38.6% |
| B0W | Southwest Mainland (Weymouth) | Rural Area | 129 | 35 | 37.2% |
| B1A | Glace Bay | Glace Bay | 111 | 30 | 37.0% |
| B4V | Bridgewater | Bridgewater | 112 | 29 | 34.9% |
| B6L | Truro | Truro | 55 | 14 | 34.1% |
Lowest % Annual Gainers
| FSA | FSA_Place_Name | City | 12.mos.to.Nov2023 | YOY Chg | YOY Pct Chg |
|---|---|---|---|---|---|
| E1X | Tracadie-Sheila | Tracadie-Sheila | 68 | -12 | -15.0% |
| B0S | West Annapolis County (Middleton) | Rural Area | 52 | -9 | -14.8% |
| C1N | Summerside | Summerside | 72 | -8 | -10.0% |
| E2J | Saint John East | Saint John | 109 | -12 | -9.9% |
| E2K | Saint John North | Saint John | 93 | -6 | -6.1% |
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 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