BC Consumer Insolvency Trends
Ken Rowan
January 5, 2024
Full site: debtsgo.ca
Data to
November 2023 For data source see notes following.
BC
Monthly Filings
Consumer insolvencies in November 2023 were up 1.6% from October and up 27.4% year-over-year.
Consumer Proposals
November 2023 CPs represented 83.5% of all BC consumer insolvencies.
File Growth
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
Most Actives
| FSA | FSA.Place.Name | City | Nov2023 | Mean | Nov2023.over.Mean |
|---|---|---|---|---|---|
| V3R | Surrey North | Surrey | 27 | 15.5 | 174.0% |
| V2X | Maple Ridge West | Maple Ridge | 25 | 11.0 | 226.8% |
| V3S | Surrey East | Surrey | 25 | 17.7 | 141.4% |
| V3W | Surrey Upper West | Surrey | 22 | 16.5 | 133.3% |
| V0R | Central Island (Chemainus) | Rural Area | 21 | 14.0 | 150.0% |
| V1X | Kelowna East Central | Kelowna | 19 | 9.6 | 198.4% |
| V9B | Highlands | Highlands | 19 | 16.0 | 119.1% |
| V0N | North Island | Rural Area | 18 | 10.2 | 175.6% |
| V2B | Kamloops Northwest | Kamloops | 18 | 11.0 | 164.3% |
| V4N | Surrey Northeast | Surrey | 18 | 13.0 | 138.6% |
| V2P | Chilliwack Central | Chilliwack | 17 | 11.0 | 154.9% |
| V3M | New Westminster Southwest (Includes Annacis Island) | New Westminster | 17 | 11.2 | 151.8% |
| V5N | Vancouver (South Grandview-Woodlands / NE Kensington) | Vancouver | 16 | 6.0 | 264.8% |
| V5Z | Vancouver (East Fairview / South Cambie) | Vancouver | 16 | 2.9 | 551.7% |
| V9L | Duncan | Duncan | 16 | 9.3 | 171.1% |
Top % Annual Gainers
| FSA | FSA_Place_Name | City | 12.mos.to.Nov2023 | YOY Change | YOY Pct Chg |
|---|---|---|---|---|---|
| V3J | Coquitlam North | Coquitlam | 109 | 42 | 62.7% |
| V2P | Chilliwack Central | Chilliwack | 179 | 61 | 51.7% |
| V2S | Abbotsford Southeast | Abbotsford | 211 | 70 | 49.6% |
| V4T | Westbank | Westbank | 109 | 36 | 49.3% |
| V3R | Surrey North | Surrey | 233 | 75 | 47.5% |
| V6G | Vancouver (North West End / Stanley Park) | Vancouver | 99 | 30 | 43.5% |
| V5N | Vancouver (South Grandview-Woodlands / NE Kensington) | Vancouver | 92 | 26 | 39.4% |
| V1Y | Kelowna Central | Kelowna | 158 | 44 | 38.6% |
| V9W | Campbell River Central | Campbell River | 147 | 40 | 37.4% |
| V8V | Victoria South | Victoria | 78 | 21 | 36.8% |
| V2A | Penticton | Penticton | 151 | 40 | 36.0% |
| V3T | Surrey Inner Northwest | Surrey | 198 | 48 | 32.0% |
| V8T | Victoria North | Victoria | 71 | 17 | 31.5% |
| V4N | Surrey Northeast | Surrey | 197 | 47 | 31.3% |
| V0N | North Island | Rural Area | 144 | 32 | 28.6% |
Lowest % Annual Gainers
| FSA | FSA_Place_Name | City | 12.mos.to.Nov2023 | YOY Chg | YOY Pct Chg |
|---|---|---|---|---|---|
| V0J | Omineca and Yellowhead (Smithers) | Rural Area | 123 | -5 | -3.9% |
| V0R | Central Island (Chemainus) | Rural Area | 162 | 3 | 1.9% |
| V3N | Burnaby (East Big Bend / Stride Avenue / Edmonds / Cariboo-Armstrong) | Burnaby | 96 | 2 | 2.1% |
| V9N | Courtenay Central | Courtenay | 108 | 3 | 2.9% |
| V1T | Vernon Central | Vernon | 137 | 4 | 3.0% |
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