AB Consumer Insolvency Trends
Ken Rowan
March 28, 2024
Full site: debtsgo.ca
Data to
February 2024. For data source see notes following.
Alberta
Monthly Trend
Consumer insolvencies were up 5.8% from January and 17.7% year-over-year.
File Growth
Rural vs Urban
Consumer Proposals
CPs represented 87.1% of all February 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 | Current.Month.Over.Mean |
|---|---|---|---|---|---|
| T5T | Edmonton West (West Jasper Place / West Edmonton Mall) | Edmonton | 39 | 26.4 | 147.6% |
| T2A | Calgary (Penbrooke Meadows / Marlborough) | Calgary | 34 | 30.4 | 111.9% |
| T6W | Edmonton (Heritage Valley) | Edmonton | 31 | 18.0 | 172.5% |
| T3J | Calgary (Martindale / Taradale / Falconridge / Saddle Ridge) | Calgary | 27 | 23.6 | 114.2% |
| T4B | Airdrie West | Airdrie | 27 | 18.4 | 146.7% |
| T9K | Fort McMurray Northwest | Fort McMurray | 27 | 14.0 | 193.1% |
| T0M | Central Foothills (Sundre) | Rural Area | 26 | 19.4 | 134.0% |
| T3K | Calgary (Sandstone / Harvest Hills / Coventry Hills / Panorama Hills / Beddington) | Calgary | 24 | 19.3 | 124.2% |
| T3M | Calgary (Cranston) | Calgary | 24 | 12.2 | 197.4% |
| T5H | Edmonton (North and East Downtown Fringe) | Edmonton | 24 | 9.3 | 257.8% |
| T5Y | Edmonton (Landbank / Oliver / East Lake District) | Edmonton | 24 | 16.0 | 149.8% |
| T2Y | Calgary (Millrise / Somerset / Bridlewood / Evergreen) | Calgary | 23 | 18.6 | 123.5% |
| T0C | Central Alberta (Stettler) | Rural Area | 21 | 12.7 | 165.0% |
| T0K | International Border Region (Cardston) | Rural Area | 21 | 11.3 | 185.8% |
| T1Y | Calgary (Rundle / Whitehorn / Monterey Park) | Calgary | 21 | 20.6 | 102.0% |
Top % Annual Gainers
| FSA | FSA_Place_Name | City | Trailing.12.Months | YoY Change | YoY Pct Chg |
|---|---|---|---|---|---|
| T2T | Calgary South (Altadore / Bankview / Richmond) | Calgary | 120 | 47 | 64.4% |
| T8H | Sherwood Park Northwest | Sherwood Park | 138 | 51 | 58.6% |
| T5Z | Edmonton (West Lake District) | Edmonton | 147 | 50 | 51.5% |
| T1J | Lethbridge West and Central | Lethbridge | 140 | 46 | 48.9% |
| T6X | Edmonton (Ellerslie) | Edmonton | 244 | 79 | 47.9% |
| T2X | Calgary (Midnapore / Sundance) | Calgary | 227 | 73 | 47.4% |
| T4S | Sylvan Lake | Sylvan Lake | 122 | 38 | 45.2% |
| T3M | Calgary (Cranston) | Calgary | 224 | 69 | 44.5% |
| T7Z | Stony Plain | Stony Plain | 95 | 29 | 43.9% |
| T0C | Central Alberta (Stettler) | Rural Area | 209 | 63 | 43.2% |
| T3N | Calgary Northeast | Calgary | 199 | 59 | 42.1% |
| T4R | Red Deer South | Red Deer | 198 | 58 | 41.4% |
| T6M | Edmonton Southwest | Edmonton | 160 | 42 | 35.6% |
| T6K | Edmonton (West Mill Woods) | Edmonton | 168 | 43 | 34.4% |
| T3B | Calgary (Montgomery / Bowness / Silver Springs / Greenwood) | Calgary | 141 | 36 | 34.3% |
Lowest % Annual Gainers
| FSA | FSA_Place_Name | City | Trailing.12.Months | YoY Change | YoY Pct Chg |
|---|---|---|---|---|---|
| T0B | Wainwright Region (Tofield) | Rural Area | 173 | -32 | -15.6% |
| T0H | Northwestern Alberta (High Level) | Rural Area | 177 | -26 | -12.8% |
| T4A | Airdrie East | Airdrie | 81 | -8 | -9.0% |
| T7X | Spruce Grove North | Spruce Grove | 207 | -9 | -4.2% |
| T1Y | Calgary (Rundle / Whitehorn / Monterey Park) | Calgary | 246 | -7 | -2.8% |
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