MB Consumer Insolvency Trends
Ken Rowan
May 3, 2024
Full site: debtsgo.ca
Data to
March 2024. For data source see notes following.
Manitoba
Monthly Trend
Consumer insolvencies were up 0.3% from February and up 22.7% year-over-year.
File Growth
Annual Growth Rate
Rural vs Urban
Consumer Proposals
CPs represented 78.5% of all March consumer insolvencies.
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 |
|---|---|---|---|---|---|
| R2G | Winnipeg (River East North) | Winnipeg | 15 | 6.6 | 225.8% |
| R2V | Winnipeg (Seven Oaks East) | Winnipeg | 15 | 8.8 | 171.4% |
| R2X | Winnipeg (Point Douglas West / Inkster East) | Winnipeg | 14 | 6.3 | 220.5% |
| R2K | Winnipeg (River East Central) | Winnipeg | 13 | 8.2 | 158.9% |
| R2P | Winnipeg (Seven Oaks West) | Winnipeg | 13 | 6.1 | 214.6% |
Top Annual Gainers (%)
| FSA | FSA_Place_Name | City | Trailing.12.Months | YoY Change | YoY Pct Chg |
|---|---|---|---|---|---|
| R2V | Winnipeg (Seven Oaks East) | Winnipeg | 175 | 63 | 56.2% |
| R3J | Winnipeg (St. James-Assiniboia SE) | Winnipeg | 116 | 33 | 39.8% |
| R0A | Southeastern Manitoba (Lorette) | Rural Area | 106 | 27 | 34.2% |
| R2G | Winnipeg (River East North) | Winnipeg | 117 | 29 | 33.0% |
| R2X | Winnipeg (Point Douglas West / Inkster East) | Winnipeg | 112 | 27 | 31.8% |
Lowest Annual Gainers (%)
| FSA | FSA_Place_Name | City | Trailing.12.Months | YoY Change | YoY Pct Chg |
|---|---|---|---|---|---|
| R0C | North Interlake (Stonewall) | Rural Area | 80 | -14 | -14.9% |
| R2C | Winnipeg (Transcona) | Winnipeg | 95 | 1 | 1.1% |
| R2W | Winnipeg (Point Douglas East) | Winnipeg | 139 | 4 | 3.0% |
| R7A | Brandon Southeast | Brandon | 128 | 4 | 3.2% |
| R2M | Winnipeg (St. Vital North) | Winnipeg | 102 | 8 | 8.5% |
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 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