BC Consumer Insolvency Trends
Ken Rowan
March 5, 2024
Full site: debtsgo.ca
Data to
January 2024. For data source see notes following.
BC
Monthly Trend
Consumer insolvencies rose by 15.2% from December and by 26.4% year-over-year.
File Growth
Consumer Proposals
CPs represented 84.6% of all January consumer insolvencies.
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
Vancouver & Surrey
Forward Sortation Areas
BC has 193 FSAs. Those averaging less than 6 monthly consumer insolvencies are filtered out, leaving 51 FSAs.
Most Actives
| FSA | FSA.Place.Name | City | CurrentMonth | Mean | Files.Over.Mean |
|---|---|---|---|---|---|
| V3R | Surrey North | Surrey | 29 | 15.8 | 183.8% |
| V2P | Chilliwack Central | Chilliwack | 25 | 11.1 | 224.7% |
| V3T | Surrey Inner Northwest | Surrey | 25 | 12.0 | 207.8% |
| V3S | Surrey East | Surrey | 22 | 17.7 | 124.5% |
| V4N | Surrey Northeast | Surrey | 21 | 13.1 | 160.1% |
| V0R | Central Island (Chemainus) | Rural Area | 20 | 14.0 | 142.6% |
| V2T | Abbotsford Southwest | Abbotsford | 20 | 11.3 | 176.7% |
| V0E | Central Okanagan and High Country (Revelstoke) | Rural Area | 19 | 12.9 | 147.1% |
| V1Y | Kelowna Central | Kelowna | 19 | 10.2 | 186.3% |
| V2A | Penticton | Penticton | 19 | 10.7 | 178.3% |
| V2Y | Langley Township Northwest | Langley | 19 | 7.0 | 271.4% |
| V0H | South Okanagan (Summerland) | Rural Area | 17 | 9.4 | 180.1% |
| V2B | Kamloops Northwest | Kamloops | 17 | 11.1 | 153.0% |
| V3A | Langley City | Langley | 17 | 10.9 | 156.0% |
| V0X | Similkameen (Hope) | Rural Area | 16 | 4.4 | 365.7% |
Top % Annual Gainers
| FSA | FSA_Place_Name | City | Trailing.12.Months | YoY Change | YoY Pct Chg |
|---|---|---|---|---|---|
| V2A | Penticton | Penticton | 171 | 64 | 59.8% |
| V2P | Chilliwack Central | Chilliwack | 192 | 65 | 51.2% |
| V3R | Surrey North | Surrey | 257 | 87 | 51.2% |
| V5N | Vancouver (South Grandview-Woodlands / NE Kensington) | Vancouver | 98 | 31 | 46.3% |
| V3J | Coquitlam North | Coquitlam | 111 | 34 | 44.2% |
| V6G | Vancouver (North West End / Stanley Park) | Vancouver | 108 | 32 | 42.1% |
| V2S | Abbotsford Southeast | Abbotsford | 214 | 62 | 40.8% |
| V3T | Surrey Inner Northwest | Surrey | 215 | 62 | 40.5% |
| V0H | South Okanagan (Summerland) | Rural Area | 130 | 35 | 36.8% |
| V1X | Kelowna East Central | Kelowna | 141 | 37 | 35.6% |
| V5X | Vancouver (SE Oakridge / East Marpole / South Sunset) | Vancouver | 92 | 24 | 35.3% |
| V6Y | Richmond Central | Richmond | 100 | 26 | 35.1% |
| V3C | Port Coquitlam South | Port Coquitlam | 93 | 24 | 34.8% |
| V3M | New Westminster Southwest (Includes Annacis Island) | New Westminster | 172 | 42 | 32.3% |
| V3B | Port Coquitlam Central | Port Coquitlam | 144 | 35 | 32.1% |
Lowest % Annual Gainers
| FSA | FSA_Place_Name | City | Trailing.12.Months | YoY Chg | YoY Pct Chg |
|---|---|---|---|---|---|
| V2T | Abbotsford Southwest | Abbotsford | 135 | -13 | -8.8% |
| V0J | Omineca and Yellowhead (Smithers) | Rural Area | 121 | -7 | -5.5% |
| V8Z | Saanich Central | Saanich | 63 | 1 | 1.6% |
| V3N | Burnaby (East Big Bend / Stride Avenue / Edmonds / Cariboo-Armstrong) | Burnaby | 97 | 2 | 2.1% |
| V2M | Prince George West Central | Prince George | 94 | 3 | 3.3% |
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 January 2024, https://open.canada.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