MB Consumer Insolvency Trends
Ken Rowan
March 28, 2024
Full site: debtsgo.ca
Data to
February 2024. For data source see notes following.
Manitoba
Monthly Trend
Consumer insolvencies were up sharply by 21.8% from January and are up 26.8% year-over-year.
File Growth
Rural vs Urban
Consumer Proposals
CPs represented 83.0% of all February consumer insolvencies, a sharp increase over January and an all-time high.
Cities
Most Active
10-Year Monthly Highs and Lows
New Highs - none
New Lows - none
Monthly Growth
Yearly Growth
Winnipeg
Forward Sortation Areas
MB has 69 FSAs. Those averaging less than 6 monthly consumer insolvencies are filtered out, leaving 11 FSAs.
Most Actives
| FSA | FSA.Place.Name | City | Current.Month | Mean | Current.Month.Over.Mean |
|---|---|---|---|---|---|
| R0A | Southeastern Manitoba (Lorette) | Rural Area | 14 | 6.5 | 214.0% |
| R2M | Winnipeg (St. Vital North) | Winnipeg | 14 | 7.1 | 196.0% |
| R7A | Brandon Southeast | Brandon | 14 | 8.7 | 161.5% |
| R2V | Winnipeg (Seven Oaks East) | Winnipeg | 13 | 8.7 | 149.9% |
| R3T | Winnipeg (Fort Garry NE / University of Manitoba) | Winnipeg | 12 | 5.4 | 221.2% |
Top % Annual Gainers
| FSA | FSA_Place_Name | City | Trailing.12.Months | YoY Change | YoY Pct Chg |
|---|---|---|---|---|---|
| R2V | Winnipeg (Seven Oaks East) | Winnipeg | 177 | 77 | 77.0% |
| R2X | Winnipeg (Point Douglas West / Inkster East) | Winnipeg | 114 | 39 | 52.0% |
| R0A | Southeastern Manitoba (Lorette) | Rural Area | 105 | 25 | 31.2% |
| R3J | Winnipeg (St. James-Assiniboia SE) | Winnipeg | 110 | 24 | 27.9% |
| R2K | Winnipeg (River East Central) | Winnipeg | 116 | 23 | 24.7% |
Lowest % Annual Gainers
| FSA | FSA_Place_Name | City | Trailing.12.Months | YoY Change | YoY Pct Chg |
|---|---|---|---|---|---|
| R0C | North Interlake (Stonewall) | Rural Area | 81 | -7 | -8.0% |
| R2M | Winnipeg (St. Vital North) | Winnipeg | 99 | 0 | 0.0% |
| R7A | Brandon Southeast | Brandon | 134 | 16 | 13.6% |
| R2C | Winnipeg (Transcona) | Winnipeg | 103 | 13 | 14.4% |
| R2W | Winnipeg (Point Douglas East) | Winnipeg | 147 | 19 | 14.8% |
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