QC Consumer Insolvency Trends
Ken Rowan
May 3, 2024
Full site: debtsgo.ca
Data to
March 2024. For data source see notes following.
Quebec
Monthly Trend
Consumer insolvencies were down 3.6% from February and are up 18.3% year-over-year.
File Growth
Annual Growth Rate
Quebec experienced a significant decline in its annual rate of growth of consumer insolvencies in March 2024, its lowest 12-month rate of growth since April 2022.
Rural vs Urban
Consumer Proposals
CPs represented 72.3% of all consumer insolvencies 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
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 | 88 | 71.9 | 122.3% |
| J0L | Monteregie-Nord (Saint-Antoine-Sur-Richelieu) | Rural Area | 42 | 32.8 | 127.9% |
| J8P | Gatineau Southeast | Gatineau | 36 | 25.3 | 142.4% |
| G0S | Chaudiere-Nord (Saint-Joseph-De-Beauce) | Rural Area | 33 | 20.3 | 162.4% |
| G0R | Appalaches (La Pocatiere) | Rural Area | 30 | 21.7 | 138.0% |
| J7Y | Saint-Jerome North | Saint-Jerome | 30 | 19.3 | 155.4% |
| G0L | Bas-St-Laurent-Ouest (Trois-Pistoles) | Rural Area | 24 | 16.7 | 143.6% |
| J3B | Saint-Jean-sur-Richelieu Central | Saint-Jean-sur-Richelieu | 24 | 20.9 | 115.1% |
| J6E | Joliette | Joliette | 24 | 22.2 | 107.9% |
| G0A | Capitale-Nationale (Stoneham) | Rural Area | 23 | 27.4 | 84.1% |
| H7N | Laval-des-Rapides | Laval-des-Rapides | 23 | 20.5 | 112.4% |
| J2B | Drummondville South | Drummondville | 23 | 15.8 | 145.6% |
| J7Z | Saint-Jerome Southeast | Saint-Jerome | 22 | 20.8 | 105.6% |
| J8T | Gatineau Southwest | Gatineau | 22 | 21.4 | 102.7% |
| H1L | Mercier North | Montreal | 21 | 17.3 | 121.5% |
Top Annual Gainers (%)
| FSA | FSA_Place_Name | City | Trailing.12.Months | YoY Change | YoY Pct Chg |
|---|---|---|---|---|---|
| H1P | Saint-Leonard North | Montreal | 79 | 35 | 79.5% |
| H7P | Fabreville | Fabreville | 126 | 55 | 77.5% |
| J8N | Val-des-Monts | Val-des-Monts | 58 | 25 | 75.8% |
| J7J | Mirabel Northeast | Mirabel | 152 | 64 | 72.7% |
| H7L | Sainte-Rose | Sainte-Rose | 95 | 39 | 69.6% |
| J8V | Gatineau Northwest | Gatineau | 79 | 32 | 68.1% |
| J5K | Saint-Colomban | Saint-Colomban | 66 | 26 | 65.0% |
| G0X | Mauricie (Parent) | Rural Area | 241 | 90 | 59.6% |
| J2K | Cowansville | Cowansville | 90 | 31 | 52.5% |
| J3Y | Saint-Hubert Central | Saint-Hubert | 232 | 78 | 50.6% |
| G4X | Gaspe | Gaspe | 92 | 30 | 48.4% |
| H1R | Saint-Leonard West | Montreal | 127 | 41 | 47.7% |
| G1P | Quebec City West | Quebec City | 81 | 26 | 47.3% |
| J7G | Sainte-Therese-de-Blainville South | Sainte-Therese-de-Blainville | 78 | 25 | 47.2% |
| J2X | Saint-Jean-sur-Richelieu East | Saint-Jean-sur-Richelieu | 101 | 32 | 46.4% |
Lowest Annual Gainers (%)
| FSA | FSA_Place_Name | City | Trailing.12.Months | YoY Change | YoY Pct Chg |
|---|---|---|---|---|---|
| G0V | Saguenay-Lac-St-Jean (Alouette) | Rural Area | 46 | -19 | -29.2% |
| H1X | Rosemont Central | Rosemont | 105 | -20 | -16.0% |
| J5T | Lavaltrie | Lavaltrie | 59 | -9 | -13.2% |
| G0M | Region de Beauce (Saint-Prosper-De-Dorchester) | Rural Area | 95 | -14 | -12.8% |
| J4B | Boucherville | Boucherville | 49 | -6 | -10.9% |
| H7X | Sainte-Dorothee | Sainte-Dorothee | 50 | -6 | -10.7% |
| G6V | Levis North | Levis | 126 | -12 | -8.7% |
| H1W | Hochelaga | Hochelaga | 118 | -9 | -7.1% |
| J1H | Sherbrooke Central | Sherbrooke | 144 | -10 | -6.5% |
| G1M | Quebec City North Central | Quebec City | 132 | -9 | -6.4% |
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