AB Consumer Insolvency Trends
Ken Rowan
March 5, 2024
Full site: debtsgo.ca
Data to
January 2024. For data source see notes following.
Alberta
Monthly Trend
Consumer insolvencies were up 8.0% from December and 18.0% year-over-year.
File Growth
Consumer Proposals
CPs represented 87.1% of all January consumer insolvencies.
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
Calgary & Edmonton
Forward Sortation Areas
AB has 155 FSAs. Those averaging less than 6 monthly consumer insolvencies are filtered out, leaving 76 FSAs.
Most Actives
| FSA | FSA.Place.Name | City | Current.Month | Mean | Files.Over.Mean |
|---|---|---|---|---|---|
| T5T | Edmonton West (West Jasper Place / West Edmonton Mall) | Edmonton | 44 | 26.2 | 168.2% |
| T5Y | Edmonton (Landbank / Oliver / East Lake District) | Edmonton | 35 | 15.9 | 219.8% |
| T6W | Edmonton (Heritage Valley) | Edmonton | 35 | 17.8 | 197.2% |
| T2A | Calgary (Penbrooke Meadows / Marlborough) | Calgary | 34 | 30.3 | 112.3% |
| T4B | Airdrie West | Airdrie | 28 | 18.2 | 153.6% |
| T3J | Calgary (Martindale / Taradale / Falconridge / Saddle Ridge) | Calgary | 27 | 23.6 | 114.6% |
| T2Y | Calgary (Millrise / Somerset / Bridlewood / Evergreen) | Calgary | 26 | 18.5 | 140.8% |
| T3K | Calgary (Sandstone / Harvest Hills / Coventry Hills / Panorama Hills / Beddington) | Calgary | 25 | 19.2 | 130.1% |
| T2Z | Calgary (Douglas Glen / McKenzie Lake / Copperfield / East Shepard) | Calgary | 24 | 18.2 | 132.1% |
| T1Y | Calgary (Rundle / Whitehorn / Monterey Park) | Calgary | 23 | 20.6 | 111.9% |
| T1K | Lethbridge Southeast | Lethbridge | 22 | 12.4 | 177.2% |
| T2X | Calgary (Midnapore / Sundance) | Calgary | 22 | 12.4 | 177.4% |
| T6L | Edmonton (East Mill Woods) | Edmonton | 22 | 17.4 | 126.3% |
| T6T | Edmonton (Meadows) | Edmonton | 22 | 11.8 | 186.8% |
| T7X | Spruce Grove North | Spruce Grove | 21 | 14.8 | 142.1% |
Top % Annual Gainers
| FSA | FSA_Place_Name | City | Trailing.12.Months | YoY Change | YoY Pct Chg |
|---|---|---|---|---|---|
| T2T | Calgary South (Altadore / Bankview / Richmond) | Calgary | 121 | 51 | 72.9% |
| T6X | Edmonton (Ellerslie) | Edmonton | 250 | 92 | 58.2% |
| T4S | Sylvan Lake | Sylvan Lake | 124 | 44 | 55.0% |
| T2X | Calgary (Midnapore / Sundance) | Calgary | 230 | 81 | 54.4% |
| T8H | Sherwood Park Northwest | Sherwood Park | 130 | 45 | 52.9% |
| T7Z | Stony Plain | Stony Plain | 96 | 31 | 47.7% |
| T5W | Edmonton (Central Beverly) | Edmonton | 136 | 43 | 46.2% |
| T6J | Edmonton (Kaskitayo) | Edmonton | 165 | 47 | 39.8% |
| T3H | Calgary (Discovery Ridge / Signal Hill / Aspen Woods / Patterson / Cougar Ridge) | Calgary | 95 | 27 | 39.7% |
| T3M | Calgary (Cranston) | Calgary | 211 | 59 | 38.8% |
| T4R | Red Deer South | Red Deer | 193 | 53 | 37.9% |
| T8V | Grande Prairie Central | Grande Prairie | 202 | 55 | 37.4% |
| T6M | Edmonton Southwest | Edmonton | 158 | 42 | 36.2% |
| T0C | Central Alberta (Stettler) | Rural Area | 204 | 53 | 35.1% |
| T2Z | Calgary (Douglas Glen / McKenzie Lake / Copperfield / East Shepard) | Calgary | 264 | 68 | 34.7% |
Lowest % Annual Gainers
| FSA | FSA_Place_Name | City | Trailing.12.Months | YoY Change | YoY Pct Chg |
|---|---|---|---|---|---|
| T0B | Wainwright Region (Tofield) | Rural Area | 167 | -42 | -20.1% |
| T0H | Northwestern Alberta (High Level) | Rural Area | 176 | -31 | -15.0% |
| T4A | Airdrie East | Airdrie | 80 | -11 | -12.1% |
| T1Y | Calgary (Rundle / Whitehorn / Monterey Park) | Calgary | 244 | -7 | -2.8% |
| T5H | Edmonton (North and East Downtown Fringe) | Edmonton | 143 | -4 | -2.7% |
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