QC Consumer Insolvency Trends
Ken Rowan
March 28, 2024
Full site: debtsgo.ca
Data to
February 2024. For data source see notes following.
Quebec
Monthly Trend
Consumer insolvencies were up 14.3% from January and are up 21.2% year-over-year.
File Growth
Rural vs Urban
Consumer Proposals
CPs represented 71.3% of all consumer insolvencies in February, 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 - none
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 | Current.Month.Over.Mean |
|---|---|---|---|---|---|
| J0K | Lanaudiere-Nord (Saint-Esprit) | Rural Area | 73 | 72.0 | 101.4% |
| H1G | Montreal North North | Montreal | 35 | 22.7 | 154.4% |
| J8P | Gatineau Southeast | Gatineau | 32 | 25.3 | 126.3% |
| J0L | Monteregie-Nord (Saint-Antoine-Sur-Richelieu) | Rural Area | 31 | 32.9 | 94.3% |
| G0A | Capitale-Nationale (Stoneham) | Rural Area | 30 | 27.4 | 109.3% |
| G0X | Mauricie (Parent) | Rural Area | 30 | 19.4 | 154.8% |
| J6E | Joliette | Joliette | 30 | 22.2 | 135.2% |
| J0B | Estrie-Est (Stanstead) | Rural Area | 27 | 18.9 | 142.7% |
| J0T | Laurentides-Nord (Montcalm) | Rural Area | 27 | 23.6 | 114.2% |
| G0C | Gaspe-Sud (New Richmond) | Rural Area | 26 | 17.4 | 149.9% |
| G0R | Appalaches (La Pocatiere) | Rural Area | 26 | 21.7 | 119.9% |
| G0S | Chaudiere-Nord (Saint-Joseph-De-Beauce) | Rural Area | 25 | 20.2 | 123.7% |
| J3B | Saint-Jean-sur-Richelieu Central | Saint-Jean-sur-Richelieu | 25 | 20.9 | 119.7% |
| G1J | Quebec City Lower Riverbank | Quebec City | 24 | 11.9 | 201.5% |
| H8R | Saint-Pierre | Saint-Pierre | 23 | 13.1 | 175.2% |
Top % Annual Gainers
| FSA | FSA_Place_Name | City | Trailing.12.Months | YoY Change | YoY Pct Chg |
|---|---|---|---|---|---|
| H1P | Saint-Leonard North | Montreal | 76 | 35 | 85.4% |
| J8V | Gatineau Northwest | Gatineau | 82 | 36 | 78.3% |
| J8N | Val-des-Monts | Val-des-Monts | 54 | 23 | 74.2% |
| J2K | Cowansville | Cowansville | 93 | 38 | 69.1% |
| H7L | Sainte-Rose | Sainte-Rose | 92 | 37 | 67.3% |
| J7J | Mirabel Northeast | Mirabel | 150 | 59 | 64.8% |
| J3Y | Saint-Hubert Central | Saint-Hubert | 237 | 89 | 60.1% |
| J1X | Magog | Magog | 150 | 56 | 59.6% |
| G1P | Quebec City West | Quebec City | 81 | 30 | 58.8% |
| H7P | Fabreville | Fabreville | 121 | 44 | 57.1% |
| G7S | Jonquiere Northeast | Jonquiere | 53 | 19 | 55.9% |
| J7R | Saint-Eustache Southwest | Saint-Eustache | 185 | 66 | 55.5% |
| G0X | Mauricie (Parent) | Rural Area | 240 | 84 | 53.8% |
| J5K | Saint-Colomban | Saint-Colomban | 61 | 21 | 52.5% |
| J2B | Drummondville South | Drummondville | 249 | 85 | 51.8% |
Lowest % Annual Gainers
| FSA | FSA_Place_Name | City | Trailing.12.Months | YoY Change | YoY Pct Chg |
|---|---|---|---|---|---|
| G0V | Saguenay-Lac-St-Jean (Alouette) | Rural Area | 47 | -16 | -25.4% |
| H7X | Sainte-Dorothee | Sainte-Dorothee | 45 | -12 | -21.1% |
| G6V | Levis North | Levis | 122 | -15 | -10.9% |
| H1X | Rosemont Central | Rosemont | 106 | -11 | -9.4% |
| G1M | Quebec City North Central | Quebec City | 127 | -13 | -9.3% |
| H1N | Mercier Southeast | Montreal | 107 | -9 | -7.8% |
| G0W | Region de Mistassini (Chambord) | Rural Area | 92 | -6 | -6.1% |
| H2G | Petite-Patrie Northeast | Petite-Patrie | 52 | -3 | -5.5% |
| G7B | La Baie | La Baie | 57 | -3 | -5.0% |
| J1G | Sherbrooke East | Sherbrooke | 77 | -3 | -3.8% |
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