BC Consumer Insolvency Trends
Ken Rowan
March 28, 2024
Full site: debtsgo.ca
Data to
February 2024. For data source see notes following.
BC
Monthly Trend
Consumer insolvencies rose by 1.0% from January and by 26.1% year-over-year.
File Growth
Rural vs Urban
Consumer Proposals
CPs represented 85.5% of all February 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 | Current.Month.Over.Mean |
|---|---|---|---|---|---|
| V3S | Surrey East | Surrey | 28 | 17.7 | 157.9% |
| V3A | Langley City | Langley | 20 | 11.0 | 182.2% |
| V0E | Central Okanagan and High Country (Revelstoke) | Rural Area | 19 | 12.9 | 146.9% |
| V2Y | Langley Township Northwest | Langley | 19 | 7.1 | 267.3% |
| V2A | Penticton | Penticton | 18 | 10.7 | 167.7% |
| V2B | Kamloops Northwest | Kamloops | 18 | 11.2 | 161.1% |
| V2P | Chilliwack Central | Chilliwack | 18 | 11.2 | 160.5% |
| V9A | Esquimalt | Esquimalt | 18 | 12.8 | 140.7% |
| V0R | Central Island (Chemainus) | Rural Area | 17 | 14.0 | 121.5% |
| V1J | Fort St. John | Fort St. John | 16 | 6.8 | 235.3% |
| V3R | Surrey North | Surrey | 16 | 15.8 | 101.4% |
| V3W | Surrey Upper West | Surrey | 16 | 16.3 | 98.2% |
| V4N | Surrey Northeast | Surrey | 16 | 13.1 | 121.8% |
| V0H | South Okanagan (Summerland) | Rural Area | 15 | 9.5 | 158.3% |
| V0J | Omineca and Yellowhead (Smithers) | Rural Area | 15 | 7.6 | 197.2% |
Top % Annual Gainers
| FSA | FSA_Place_Name | City | Trailing.12.Months | YoY Change | YoY Pct Chg |
|---|---|---|---|---|---|
| V5N | Vancouver (South Grandview-Woodlands / NE Kensington) | Vancouver | 101 | 39 | 62.9% |
| V2A | Penticton | Penticton | 178 | 65 | 57.5% |
| V0H | South Okanagan (Summerland) | Rural Area | 138 | 49 | 55.1% |
| V2P | Chilliwack Central | Chilliwack | 197 | 64 | 48.1% |
| V3R | Surrey North | Surrey | 257 | 81 | 46.0% |
| V3J | Coquitlam North | Coquitlam | 114 | 35 | 44.3% |
| V2Y | Langley Township Northwest | Langley | 127 | 35 | 38.0% |
| V1X | Kelowna East Central | Kelowna | 143 | 38 | 36.2% |
| V0N | North Island | Rural Area | 153 | 39 | 34.2% |
| V3A | Langley City | Langley | 180 | 45 | 33.3% |
| V3C | Port Coquitlam South | Port Coquitlam | 96 | 22 | 29.7% |
| V5X | Vancouver (SE Oakridge / East Marpole / South Sunset) | Vancouver | 92 | 21 | 29.6% |
| V4T | Westbank | Westbank | 111 | 25 | 29.1% |
| V3B | Port Coquitlam Central | Port Coquitlam | 147 | 32 | 27.8% |
| V0R | Central Island (Chemainus) | Rural Area | 189 | 41 | 27.7% |
Lowest % Annual Gainers
| FSA | FSA_Place_Name | City | Trailing.12.Months | YoY Chg | YoY Pct Chg |
|---|---|---|---|---|---|
| V0J | Omineca and Yellowhead (Smithers) | Rural Area | 121 | -13 | -9.7% |
| V2T | Abbotsford Southwest | Abbotsford | 137 | -9 | -6.2% |
| V9R | Nanaimo South | Nanaimo | 134 | 3 | 2.3% |
| V2X | Maple Ridge West | Maple Ridge | 160 | 6 | 3.9% |
| V5R | Vancouver (South Renfrew-Collingwood) | Vancouver | 124 | 6 | 5.1% |
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 February 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