ON Consumer Insolvency Trends
Ken Rowan
March 5, 2024
Full site: debtsgo.ca
Data to
January 2024. For data source see notes following.
Ontario
Monthly Trend
Consumer insolvencies were up 22.4% from December and are up 25.7% year-over-year.
File Growth
Consumer Proposals
CPs represented 82.9% of all January consumer insolvencies.
Greater Toronto Area
Toronto Region: City of Toronto, Don Mills, Downsview, Weston, Willowdale. Peel Region: Bolton, Brampton, Caledon, Mississauga. Durham Region: Ajax, Courtice, Oshawa, Pickering, Port Perry, Uxbridge, Whitby. Halton Region: Acton, Burlington, Georgetown, Milton, Oakville, Orangeville. York Region: Aurora, Concord, Holland Landing, Keswick, King City, Maple, Markham, Newmarket, Richmond Hill, Stouffville, Thornhill, Woodbridge.
Cities
Most Active
Top % Annual Gainers
Lowest % Annual Gainers
10-Year Monthly Highs and Lows
New Highs
New Lows
Major Cities: Monthly Growth
Major Cities: Yearly Growth
City of Toronto, Mississauga & Brampton
Forward Sortation Areas
ON has 524 FSAs. FSAs having an average of less than 6 monthly consumer insolvencies are filtered out, leaving 232 FSAs.
Most Actives
| FSA | FSA.Place.Name | City | Current.Month | Mean | Files.Over.Mean |
|---|---|---|---|---|---|
| L4N | Barrie South | Barrie | 49 | 34.8 | 140.7% |
| L7A | Brampton West | Brampton | 41 | 20.1 | 203.9% |
| M3N | North York (Jane and Finch) | Toronto | 32 | 18.7 | 171.4% |
| L1J | Oshawa Southwest | Oshawa | 30 | 18.4 | 163.4% |
| K0K | Quinte Shores | Rural Area | 29 | 26.6 | 109.2% |
| M1B | Scarborough (Malvern / Rouge River) | Toronto | 29 | 20.5 | 141.5% |
| L6P | Brampton North | Brampton | 26 | 14.2 | 183.7% |
| L6X | Brampton Southwest | Brampton | 26 | 18.2 | 142.9% |
| L9T | Milton | Milton | 26 | 18.0 | 144.4% |
| L5N | Mississauga (Lisgar / Meadowvale) | Mississauga | 25 | 15.3 | 163.5% |
| M6M | York (Del Ray / Keelsdale / Mount Dennis / Silverthorne) | Toronto | 25 | 15.4 | 162.6% |
| L3V | Orillia | Orillia | 23 | 16.9 | 136.4% |
| K0A | National Capital Region (Almonte) | Rural Area | 22 | 22.4 | 98.2% |
| P0M | Algoma | Rural Area | 22 | 19.8 | 111.1% |
| L1G | Oshawa Central | Oshawa | 21 | 15.1 | 139.1% |
Top % Annual Gainers
| FSA | FSA_Place_Name | City | Trailing.12.Months | YoY Change | YoY Pct Chg |
|---|---|---|---|---|---|
| N5R | St. Thomas South | St. Thomas | 161 | 65 | 67.7% |
| P7E | Thunder Bay South Central | Thunder Bay | 100 | 40 | 66.7% |
| L0S | Niagara Regional Municipality (Fonthill) | Rural Area | 123 | 43 | 53.8% |
| N6J | London (Southcrest / East Westmount / West Highland) | London | 160 | 56 | 53.8% |
| N2L | Waterloo South | Waterloo | 112 | 39 | 53.4% |
| M2J | North York (Fairview / Henry Farm / Oriole) | Toronto | 245 | 84 | 52.2% |
| L3X | Newmarket Southwest | Newmarket | 109 | 36 | 49.3% |
| L2N | St. Catharines Northwest | St. Catharines | 112 | 36 | 47.4% |
| L1K | Oshawa East | Oshawa | 148 | 47 | 46.5% |
| N7M | Chatham Southeast | Chatham, ON | 144 | 45 | 45.5% |
| L6Z | Brampton West Central | Brampton | 122 | 38 | 45.2% |
| N2E | Kitchener Southwest | Kitchener | 167 | 52 | 45.2% |
| K7A | Smiths Falls | Smiths Falls | 74 | 23 | 45.1% |
| L4A | Stouffville | Stouffville | 100 | 31 | 44.9% |
| L4R | Midland | Midland | 94 | 29 | 44.6% |
Lowest % Annual Gainers
| FSA | FSA_Place_Name | City | Trailing.12.Months | YoY Change | YoY Pct Chg |
|---|---|---|---|---|---|
| P0L | Cochrane Region (Hearst) | Rural Area | 65 | -37 | -36.3% |
| L8P | Hamilton (Durand / Kirkendall / Chedoke Park) | Hamilton | 87 | -21 | -19.4% |
| M9A | Etobicoke (Islington Avenue) | Toronto | 95 | -19 | -16.7% |
| N8S | Windsor (Riverside) | Windsor ON | 87 | -15 | -14.7% |
| N1E | Guelph North | Guelph | 114 | -19 | -14.3% |
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