ON Consumer Insolvency Trends
Ken Rowan
March 28, 2024
Full site: debtsgo.ca
Data to
February 2024. For data source see notes following.
Ontario
Monthly Trend
Consumer insolvencies were up 2.5% from January and are up 26.0% year-over-year.
File Growth
Rural vs Urban
Consumer Proposals
CPs represented 83.5% of all February consumer insolvencies, an all-time high.
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 - none
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 | Current.Month.Over.Mean |
|---|---|---|---|---|---|
| K0K | Quinte Shores | Rural Area | 41 | 26.6 | 154.1% |
| L7A | Brampton West | Brampton | 34 | 20.2 | 168.0% |
| L9T | Milton | Milton | 32 | 18.1 | 176.5% |
| M1B | Scarborough (Malvern / Rouge River) | Toronto | 32 | 20.6 | 155.5% |
| L4N | Barrie South | Barrie | 31 | 34.8 | 89.1% |
| M1K | Scarborough (Kennedy Park / Ionview / East Birchmount Park) | Toronto | 31 | 16.1 | 192.4% |
| L6Y | Brampton South | Brampton | 30 | 19.9 | 150.9% |
| L1G | Oshawa Central | Oshawa | 29 | 15.2 | 190.5% |
| M3N | North York (Jane and Finch) | Toronto | 26 | 18.8 | 138.7% |
| M6M | York (Del Ray / Keelsdale / Mount Dennis / Silverthorne) | Toronto | 26 | 15.4 | 168.4% |
| L3V | Orillia | Orillia | 25 | 17.0 | 147.5% |
| M9V | Etobicoke (South Steeles / Silverstone / Humbergate / Jamestown / Mount Olive … ) | Toronto | 24 | 17.6 | 136.2% |
| M2J | North York (Fairview / Henry Farm / Oriole) | Toronto | 23 | 14.5 | 158.8% |
| M2R | Willowdale West | Willowdale | 23 | 16.3 | 141.0% |
| N0M | Middlesex (Clinton) | Rural Area | 23 | 11.4 | 201.9% |
Top % Annual Gainers
| FSA | FSA_Place_Name | City | Trailing.12.Months | YoY Change | YoY Pct Chg |
|---|---|---|---|---|---|
| N5R | St. Thomas South | St. Thomas | 164 | 72 | 78.3% |
| L0S | Niagara Regional Municipality (Fonthill) | Rural Area | 126 | 55 | 77.5% |
| L2N | St. Catharines Northwest | St. Catharines | 118 | 51 | 76.1% |
| N2L | Waterloo South | Waterloo | 114 | 48 | 72.7% |
| P7E | Thunder Bay South Central | Thunder Bay | 103 | 43 | 71.7% |
| L3X | Newmarket Southwest | Newmarket | 116 | 48 | 70.6% |
| K7A | Smiths Falls | Smiths Falls | 80 | 33 | 70.2% |
| N6J | London (Southcrest / East Westmount / West Highland) | London | 164 | 67 | 69.1% |
| M2J | North York (Fairview / Henry Farm / Oriole) | Toronto | 255 | 101 | 65.6% |
| L1K | Oshawa East | Oshawa | 155 | 59 | 61.5% |
| L4R | Midland | Midland | 98 | 37 | 60.7% |
| N2E | Kitchener Southwest | Kitchener | 169 | 63 | 59.4% |
| N0M | Middlesex (Clinton) | Rural Area | 162 | 60 | 58.8% |
| K0M | Kawartha lakes and Haliburton County (Bobcaygeon) | Rural Area | 144 | 53 | 58.2% |
| M3C | Don Mills South (Flemingdon Park) | Don Mills | 163 | 59 | 56.7% |
Lowest % Annual Gainers
| FSA | FSA_Place_Name | City | Trailing.12.Months | YoY Change | YoY Pct Chg |
|---|---|---|---|---|---|
| P0L | Cochrane Region (Hearst) | Rural Area | 63 | -30 | -32.3% |
| L8P | Hamilton (Durand / Kirkendall / Chedoke Park) | Hamilton | 85 | -16 | -15.8% |
| K1K | Ottawa (Overbrook) | Ottawa | 142 | -15 | -9.6% |
| N8S | Windsor (Riverside) | Windsor ON | 88 | -9 | -9.3% |
| M9A | Etobicoke (Islington Avenue) | Toronto | 98 | -8 | -7.5% |
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