QC Consumer Insolvency Trends
Ken Rowan
March 5, 2024
Full site: debtsgo.ca
Data to
January 2024. For data source see notes following.
Quebec
Monthly Trend
Consumer insolvencies were up 29.4% from December and are up 20.9% year-over-year.
File Growth
Consumer Proposals
CPs represented 70.0% of all consumer insolvencies in January, the lowest participation rate of all provinces.
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
Montreal & Quebec City
Forward Sortation Areas
QC has 417 FSAs. Those averaging less than 6 monthly consumer insolvencies are filtered out, leaving 195 FSAs.
Most Actives
| FSA | FSA.Place.Name | City | Current.Month | Mean | Files.Over.Mean |
|---|---|---|---|---|---|
| J0K | Lanaudiere-Nord (Saint-Esprit) | Rural Area | 75 | 72.1 | 104.0% |
| J6E | Joliette | Joliette | 40 | 22.1 | 180.8% |
| J0T | Laurentides-Nord (Montcalm) | Rural Area | 26 | 23.7 | 109.7% |
| J0L | Monteregie-Nord (Saint-Antoine-Sur-Richelieu) | Rural Area | 25 | 33.0 | 75.8% |
| G0A | Capitale-Nationale (Stoneham) | Rural Area | 24 | 27.4 | 87.6% |
| J7Z | Saint-Jerome Southeast | Saint-Jerome | 24 | 21.0 | 114.5% |
| H7N | Laval-des-Rapides | Laval-des-Rapides | 23 | 20.6 | 111.7% |
| G0R | Appalaches (La Pocatiere) | Rural Area | 22 | 21.6 | 101.8% |
| J8P | Gatineau Southeast | Gatineau | 22 | 25.2 | 87.2% |
| G1E | Beauport South | Beauport | 21 | 15.4 | 136.1% |
| J3Y | Saint-Hubert Central | Saint-Hubert | 21 | 21.5 | 97.7% |
| J7K | Mascouche Extremities | Mascouche | 21 | 15.0 | 140.2% |
| G0C | Gaspe-Sud (New Richmond) | Rural Area | 20 | 17.2 | 116.1% |
| G0S | Chaudiere-Nord (Saint-Joseph-De-Beauce) | Rural Area | 20 | 20.1 | 99.3% |
| J4J | Longueuil Central | Longueuil | 20 | 18.9 | 106.0% |
Top % Annual Gainers
| FSA | FSA_Place_Name | City | Trailing.12.Months | YoY Change | YoY Pct Chg |
|---|---|---|---|---|---|
| J8N | Val-des-Monts | Val-des-Monts | 53 | 25 | 89.3% |
| H7L | Sainte-Rose | Sainte-Rose | 92 | 43 | 87.8% |
| H4R | Saint-Laurent Central | Saint-Laurent | 65 | 28 | 75.7% |
| J2K | Cowansville | Cowansville | 90 | 38 | 73.1% |
| G8B | Alma Southeast | Alma | 115 | 47 | 69.1% |
| H1P | Saint-Leonard North | Montreal | 72 | 29 | 67.4% |
| G7S | Jonquiere Northeast | Jonquiere | 53 | 21 | 65.6% |
| J7R | Saint-Eustache Southwest | Saint-Eustache | 191 | 75 | 64.7% |
| J3H | Beloeil East | Beloeil | 66 | 25 | 61.0% |
| J7G | Sainte-Therese-de-Blainville South | Sainte-Therese-de-Blainville | 79 | 29 | 58.0% |
| J7J | Mirabel Northeast | Mirabel | 145 | 53 | 57.6% |
| H3W | Cotes-des-Neiges Southwest | Cote-des-Neiges | 96 | 35 | 57.4% |
| H7P | Fabreville | Fabreville | 114 | 41 | 56.2% |
| J3Y | Saint-Hubert Central | Saint-Hubert | 234 | 84 | 56.0% |
| J2B | Drummondville South | Drummondville | 246 | 88 | 55.7% |
Lowest % Annual Gainers
| FSA | FSA_Place_Name | City | Trailing.12.Months | YoY Change | YoY Pct Chg |
|---|---|---|---|---|---|
| G0V | Saguenay-Lac-St-Jean (Alouette) | Rural Area | 48 | -17 | -26.2% |
| J5T | Lavaltrie | Lavaltrie | 54 | -17 | -23.9% |
| G7B | La Baie | La Baie | 52 | -13 | -20.0% |
| H7X | Sainte-Dorothee | Sainte-Dorothee | 47 | -9 | -16.1% |
| J1G | Sherbrooke East | Sherbrooke | 71 | -9 | -11.2% |
| H1K | Anjou East | Anjou | 115 | -14 | -10.9% |
| H1X | Rosemont Central | Rosemont | 106 | -10 | -8.6% |
| J2H | Granby East | Granby | 49 | -4 | -7.5% |
| H8R | Saint-Pierre | Saint-Pierre | 120 | -9 | -7.0% |
| H1N | Mercier Southeast | Montreal | 108 | -6 | -5.3% |
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