AB Consumer Insolvency Trends
Ken Rowan
May 3, 2024
Full site: debtsgo.ca
Data to
March 2024. For data source see notes following.
Alberta
Monthly Trend
Consumer insolvencies were down 4.2% from February and up 13.2% year-over-year.
File Growth
Annual Growth Rate
Alberta experienced a stunning decline in its annual rate of growth of consumer insolvencies in March 2024, its lowest 12-month rate of growth since February 2021.
Rural vs Urban
Consumer Proposals
CPs represented 85.2% of all March consumer insolvencies, leading all provinces in March.
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 | 33 | 26.6 | 124.1% |
| T1Y | Calgary (Rundle / Whitehorn / Monterey Park) | Calgary | 30 | 20.7 | 145.0% |
| T4B | Airdrie West | Airdrie | 30 | 18.6 | 161.7% |
| T6W | Edmonton (Heritage Valley) | Edmonton | 30 | 18.2 | 165.1% |
| T6X | Edmonton (Ellerslie) | Edmonton | 29 | 13.0 | 222.4% |
| T2Y | Calgary (Millrise / Somerset / Bridlewood / Evergreen) | Calgary | 27 | 18.8 | 143.8% |
| T3J | Calgary (Martindale / Taradale / Falconridge / Saddle Ridge) | Calgary | 27 | 23.6 | 114.2% |
| T6L | Edmonton (East Mill Woods) | Edmonton | 27 | 17.7 | 152.7% |
| T2A | Calgary (Penbrooke Meadows / Marlborough) | Calgary | 25 | 30.4 | 82.3% |
| T5Y | Edmonton (Landbank / Oliver / East Lake District) | Edmonton | 25 | 16.1 | 155.0% |
| T9K | Fort McMurray Northwest | Fort McMurray | 25 | 14.2 | 176.7% |
| T0C | Central Alberta (Stettler) | Rural Area | 24 | 12.9 | 186.3% |
| T2X | Calgary (Midnapore / Sundance) | Calgary | 22 | 12.7 | 173.8% |
| T6K | Edmonton (West Mill Woods) | Edmonton | 22 | 10.3 | 214.1% |
| T9H | Fort McMurray Outer Central | Fort McMurray | 22 | 11.4 | 192.1% |
Top Annual Gainers (%)
| FSA | FSA_Place_Name | City | Trailing.12.Months | YoY Change | YoY Pct Chg |
|---|---|---|---|---|---|
| T8H | Sherwood Park Northwest | Sherwood Park | 136 | 49 | 56.3% |
| T1J | Lethbridge West and Central | Lethbridge | 142 | 49 | 52.7% |
| T2T | Calgary South (Altadore / Bankview / Richmond) | Calgary | 116 | 40 | 52.6% |
| T4S | Sylvan Lake | Sylvan Lake | 124 | 39 | 45.9% |
| T5Z | Edmonton (West Lake District) | Edmonton | 146 | 45 | 44.6% |
| T6H | Edmonton (Southgate / North Riverbend) | Edmonton | 115 | 34 | 42.0% |
| T2X | Calgary (Midnapore / Sundance) | Calgary | 223 | 63 | 39.4% |
| T5K | Edmonton (South Downtown / South Downtown Fringe) | Edmonton | 108 | 29 | 36.7% |
| T7Z | Stony Plain | Stony Plain | 92 | 24 | 35.3% |
| T3M | Calgary (Cranston) | Calgary | 220 | 57 | 35.0% |
| T3N | Calgary Northeast | Calgary | 195 | 50 | 34.5% |
| T6X | Edmonton (Ellerslie) | Edmonton | 242 | 62 | 34.4% |
| T1V | High River | High River | 94 | 23 | 32.4% |
| T2Z | Calgary (Douglas Glen / McKenzie Lake / Copperfield / East Shepard) | Calgary | 268 | 65 | 32.0% |
| T6K | Edmonton (West Mill Woods) | Edmonton | 173 | 41 | 31.1% |
Lowest Annual Gainers (%)
| FSA | FSA_Place_Name | City | Trailing.12.Months | YoY Change | YoY Pct Chg |
|---|---|---|---|---|---|
| T0B | Wainwright Region (Tofield) | Rural Area | 170 | -38 | -18.3% |
| T0H | Northwestern Alberta (High Level) | Rural Area | 177 | -13 | -6.8% |
| T1Y | Calgary (Rundle / Whitehorn / Monterey Park) | Calgary | 246 | -15 | -5.7% |
| T6L | Edmonton (East Mill Woods) | Edmonton | 247 | -11 | -4.3% |
| T5A | Edmonton (West Clareview / East Londonderry) | Edmonton | 203 | -9 | -4.2% |
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 March 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