AB Consumer Insolvency Trends
Ken Rowan
January 5, 2024
Full site: debtsgo.ca
Data to
November 2023 For data source see notes following.
Alberta
Monthly Filings
November 2023 numbers were up 6.2% from October and 20.1% year-over-year.
Consumer Proposals
November 2023 CPs represented 86.0% of all 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 |
|---|---|---|---|---|---|
| T5T | Edmonton West (West Jasper Place / West Edmonton Mall) | Edmonton | 39 | 25.7 | 151.6% |
| T6W | Edmonton (Heritage Valley) | Edmonton | 36 | 17.2 | 209.5% |
| T2Y | Calgary (Millrise / Somerset / Bridlewood / Evergreen) | Calgary | 35 | 18.3 | 191.5% |
| T2Z | Calgary (Douglas Glen / McKenzie Lake / Copperfield / East Shepard) | Calgary | 30 | 18.0 | 167.1% |
| T1H | Lethbridge North | Lethbridge | 29 | 11.8 | 246.5% |
| T3J | Calgary (Martindale / Taradale / Falconridge / Saddle Ridge) | Calgary | 27 | 23.5 | 115.0% |
| T2A | Calgary (Penbrooke Meadows / Marlborough) | Calgary | 26 | 30.1 | 86.4% |
| T5Y | Edmonton (Landbank / Oliver / East Lake District) | Edmonton | 25 | 15.5 | 160.9% |
| T4B | Airdrie West | Airdrie | 24 | 17.9 | 134.2% |
| T5X | Edmonton (East Castledowns) | Edmonton | 24 | 12.1 | 198.2% |
| T6L | Edmonton (East Mill Woods) | Edmonton | 24 | 17.2 | 139.5% |
| T8L | Fort Saskatchewan | Fort Saskatchewan | 24 | 8.0 | 300.0% |
| T3M | Calgary (Cranston) | Calgary | 23 | 11.8 | 195.5% |
| T4N | Red Deer Central | Red Deer | 23 | 15.4 | 149.1% |
| T9E | Leduc | Leduc | 23 | 12.6 | 182.1% |
Top % Annual Gainers
| FSA | FSA_Place_Name | City | 12.mos.to.Nov2023 | YOY Change | YOY Pct Chg |
|---|---|---|---|---|---|
| T2T | Calgary South (Altadore / Bankview / Richmond) | Calgary | 119 | 47 | 65.3% |
| T6R | Edmonton (Riverbend) | Edmonton | 127 | 46 | 56.8% |
| T7Z | Stony Plain | Stony Plain | 97 | 35 | 56.5% |
| T6X | Edmonton (Ellerslie) | Edmonton | 244 | 87 | 55.4% |
| T8H | Sherwood Park Northwest | Sherwood Park | 121 | 42 | 53.2% |
| T4S | Sylvan Lake | Sylvan Lake | 119 | 41 | 52.6% |
| T6J | Edmonton (Kaskitayo) | Edmonton | 168 | 57 | 51.4% |
| T5W | Edmonton (Central Beverly) | Edmonton | 139 | 46 | 49.5% |
| T8A | Sherwood Park West | Sherwood Park | 127 | 41 | 47.7% |
| T5L | Edmonton (North Westmount / West Calder / East Mistatim) | Edmonton | 106 | 34 | 47.2% |
| T8V | Grande Prairie Central | Grande Prairie | 201 | 64 | 46.7% |
| T2X | Calgary (Midnapore / Sundance) | Calgary | 218 | 68 | 45.3% |
| T5X | Edmonton (East Castledowns) | Edmonton | 215 | 66 | 44.3% |
| T5Z | Edmonton (West Lake District) | Edmonton | 131 | 40 | 44.0% |
| T3G | Calgary (Hawkwood / Arbour Lake / Royal Oak / Rocky Ridge) | Calgary | 179 | 54 | 43.2% |
Lowest % Annual Gainers
| FSA | FSA_Place_Name | City | 12.mos.to.Nov2023 | YOY Change | YOY Pct Chg |
|---|---|---|---|---|---|
| T0B | Wainwright Region (Tofield) | Rural Area | 160 | -45 | -22.0% |
| T0H | Northwestern Alberta (High Level) | Rural Area | 178 | -22 | -11.0% |
| T9H | Fort McMurray Outer Central | Fort McMurray | 179 | -14 | -7.3% |
| T6L | Edmonton (East Mill Woods) | Edmonton | 231 | -15 | -6.1% |
| T2K | Calgary (Thornecliffe / Tuxedo) | Calgary | 159 | -10 | -5.9% |
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