ON Consumer Insolvency Trends
Ken Rowan
May 3, 2024
Full site: debtsgo.ca
Data to
March 2024. For data source see notes following.
Ontario
Monthly Trend
Consumer insolvencies were up 3.3% from February and up 23.1% year-over-year.
File Growth
Annual Growth Rate
Rural vs Urban
Consumer Proposals
CPs represented 81.4% of all March consumer insolvencies.
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
Toronto, Mississauga & Brampton
Forward Sortation Areas
ON has 524 FSAs. Those 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 |
|---|---|---|---|---|---|
| M2R | Willowdale West | Willowdale | 40 | 16.5 | 242.7% |
| K0K | Quinte Shores | Rural Area | 39 | 26.6 | 146.7% |
| L4N | Barrie South | Barrie | 37 | 34.7 | 106.7% |
| L4M | Barrie North | Barrie | 36 | 17.9 | 201.4% |
| M3N | North York (Jane and Finch) | Toronto | 33 | 18.8 | 175.4% |
| L7A | Brampton West | Brampton | 32 | 20.3 | 157.8% |
| M1B | Scarborough (Malvern / Rouge River) | Toronto | 31 | 20.5 | 151.0% |
| L6Y | Brampton South | Brampton | 30 | 19.9 | 150.4% |
| L6R | Brampton Northwest | Brampton | 29 | 16.2 | 179.2% |
| L1J | Oshawa Southwest | Oshawa | 28 | 18.3 | 152.9% |
| L6T | Brampton East | Brampton | 28 | 15.7 | 178.1% |
| L6X | Brampton Southwest | Brampton | 28 | 18.1 | 154.3% |
| L9T | Milton | Milton | 26 | 18.2 | 143.0% |
| L1G | Oshawa Central | Oshawa | 24 | 15.3 | 156.8% |
| M1P | Scarborough (Dorset Park / Wexford Heights / Scarborough Town Centre) | Toronto | 24 | 12.8 | 187.6% |
Top Annual Gainers (%)
| FSA | FSA_Place_Name | City | Trailing.12.Months | YoY Change | YoY Pct Chg |
|---|---|---|---|---|---|
| N2L | Waterloo South | Waterloo | 120 | 64 | 114.3% |
| K7A | Smiths Falls | Smiths Falls | 87 | 44 | 102.3% |
| N5R | St. Thomas South | St. Thomas | 156 | 77 | 97.5% |
| L2N | St. Catharines Northwest | St. Catharines | 115 | 55 | 91.7% |
| L0S | Niagara Regional Municipality (Fonthill) | Rural Area | 130 | 62 | 91.2% |
| M2J | North York (Fairview / Henry Farm / Oriole) | Toronto | 253 | 116 | 84.7% |
| P7E | Thunder Bay South Central | Thunder Bay | 103 | 47 | 83.9% |
| L3X | Newmarket Southwest | Newmarket | 115 | 52 | 82.5% |
| L4P | Keswick | Keswick | 136 | 61 | 81.3% |
| L1Z | Ajax East | Ajax | 87 | 39 | 81.2% |
| N0M | Middlesex (Clinton) | Rural Area | 163 | 73 | 81.1% |
| N6J | London (Southcrest / East Westmount / West Highland) | London | 160 | 71 | 79.8% |
| N6E | London (South White Oaks / Central Westminster / East Longwoods / West Brockley) | London | 134 | 59 | 78.7% |
| M6A | North York (Lawrence Manor / Lawrence Heights) | Toronto | 136 | 59 | 76.6% |
| L4H | Woodbridge North | Woodbridge | 143 | 62 | 76.5% |
Lowest Annual Gainers (%)
| FSA | FSA_Place_Name | City | Trailing.12.Months | YoY Change | YoY Pct Chg |
|---|---|---|---|---|---|
| P0L | Cochrane Region (Hearst) | Rural Area | 65 | -24 | -27.0% |
| L8P | Hamilton (Durand / Kirkendall / Chedoke Park) | Hamilton | 84 | -9 | -9.7% |
| N2A | Kitchener East | Kitchener | 75 | -4 | -5.1% |
| N8S | Windsor (Riverside) | Windsor ON | 85 | -4 | -4.5% |
| N8Y | Windsor East (East Walkerville) | Windsor ON | 112 | -2 | -1.8% |
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 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