Maritime Consumer Insolvency Trends
Ken Rowan
March 28, 2024
Full site: debtsgo.ca
Data to
February 2024. For data source see notes following.
New Brunswick, Nova Scotia, Prince Edward Island
Monthly Trend
Consumer insolvencies increased slightly in January.
File Growth
Rural vs Urban
Consumer Proposals
CPs represented a decreasing proportion of all consumer insolvencies. In NS CPs increased to 76.6%, in NB CPs fell to 72.9% and in PE CPs fell sharply to 68.5%.
Cities
Most Active
Top % Annual Gainers
Lowest % Annual Gainers
10-Year Monthly Highs and Lows
New Highs - none
New Lows
Major Cities: Monthly Growth
Major Cities: Yearly Growth
Halifax, Dartmouth & Saint John
Forward Sortation Areas
The Maritimes has 195 FSAs. Those averaging less than 6 monthly consumer insolvencies are filtered out, leaving 45 FSAs.
Most Actives
| FSA | FSA.Place.Name | City | Prov | Current.Month | Mean | Current.Month.Over.Mean |
|---|---|---|---|---|---|---|
| B0N | Hants County (Shubenacadie) | Rural Area | NS | 21 | 17.8 | 118.3% |
| B0P | Kings County (Kingston) | Rural Area | NS | 19 | 16.2 | 117.2% |
| E1A | Dieppe Moncton East | Moncton | NB | 19 | 20.7 | 91.8% |
| C1A | Charlottetown SE Prince Edward Island Prov Govt | Charlottetown | PE | 16 | 9.2 | 173.4% |
| B2W | Dartmouth East Central | Dartmouth | NS | 14 | 11.8 | 118.6% |
| B4V | Bridgewater | Bridgewater | NS | 14 | 10.0 | 140.5% |
| B0J | Mainland east shore (Lunenburg) | Rural Area | NS | 13 | 14.8 | 88.1% |
| B3A | Dartmouth Southwest | Dartmouth | NS | 13 | 12.1 | 107.9% |
| E1B | Riverview | Riverview | NB | 13 | 10.2 | 127.6% |
| E2K | Saint John North | Saint John | NB | 13 | 8.5 | 152.5% |
| B0K | Southern Northumberland Strait (Pictou) | Rural Area | NS | 12 | 16.9 | 71.2% |
| B3M | Halifax Bedford Basin | Halifax | NS | 12 | 14.5 | 82.6% |
| B3S | Halifax West | Halifax | NS | 12 | 5.7 | 210.2% |
| C0A | Charlottetown | Rural Area | PE | 11 | 15.3 | 71.9% |
| E1C | Moncton Central | Moncton | NB | 11 | 13.8 | 80.0% |
Top % Annual Gainers
| FSA | FSA_Place_Name | City | Prov | Trailing.12.Months | YoY Change | YoY Pct Chg |
|---|---|---|---|---|---|---|
| B1H | New Waterford | New Waterford | NS | 73 | 31 | 73.8% |
| B6L | Truro | Truro | NS | 74 | 31 | 72.1% |
| B2W | Dartmouth East Central | Dartmouth | NS | 134 | 46 | 52.3% |
| E1V | Miramichi North | Miramichi | NB | 83 | 25 | 43.1% |
| B1A | Glace Bay | Glace Bay | NS | 124 | 37 | 42.5% |
| E4P | Shediac | Shediac | NB | 78 | 23 | 41.8% |
| B1P | Sydney North Central | Sydney | NS | 94 | 25 | 36.2% |
| B3T | Lakeside | Lakeside | NS | 58 | 15 | 34.9% |
| B4V | Bridgewater | Bridgewater | NS | 117 | 28 | 31.5% |
| B0K | Southern Northumberland Strait (Pictou) | Rural Area | NS | 165 | 38 | 29.9% |
Lowest % Annual Gainers
| FSA | FSA_Place_Name | City | Prov | Trailing.12.Months | YoY Chg | YoY Pct Chg |
|---|---|---|---|---|---|---|
| E1X | Tracadie-Sheila | Tracadie-Sheila | NB | 62 | -18 | -22.5% |
| B4N | Kentville | Kentville | NS | 75 | -8 | -9.6% |
| C1N | Summerside | Summerside | PE | 66 | -6 | -8.3% |
| B0S | West Annapolis County (Middleton) | Rural Area | NS | 56 | -3 | -5.1% |
| E3A | Fredericton North | Fredericton | NB | 105 | -3 | -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