Maritime Consumer Insolvency Trends
Ken Rowan
May 3, 2024
Full site: debtsgo.ca
Data to
March 2024. For data source see notes following.
New Brunswick, Nova Scotia, Prince Edward Island
Monthly Trend
Consumer insolvencies remained relatively flat.
File Growth
Annual Growth Rate
The Maritimes experienced a significant decline in its annual rate of growth of consumer insolvencies in March 2024, its lowest 12-month rate of growth since February 2022.
Rural vs Urban
Consumer Proposals
**In NS CPs represented 71.0% of all consumer insolvencies in March, in NB CPs were 79.6% and in PE CPs were 76.0%.
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
Month-over-month consumer insolvencies remained flat from February to March.
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 |
|---|---|---|---|---|---|---|
| E1C | Moncton Central | Moncton | NB | 17 | 13.7 | 123.8% |
| B0K | Southern Northumberland Strait (Pictou) | Rural Area | NS | 15 | 16.8 | 89.2% |
| B0P | Kings County (Kingston) | Rural Area | NS | 15 | 16.1 | 92.9% |
| B0N | Hants County (Shubenacadie) | Rural Area | NS | 14 | 17.7 | 79.0% |
| E1A | Dieppe Moncton East | Moncton | NB | 14 | 20.6 | 67.9% |
| B3A | Dartmouth Southwest | Dartmouth | NS | 13 | 12.0 | 108.1% |
| B3N | Halifax South Central | Halifax | NS | 13 | 5.2 | 248.4% |
| C0A | Charlottetown | Rural Area | PE | 13 | 15.2 | 85.7% |
| E3A | Fredericton North | Fredericton | NB | 12 | 11.9 | 100.8% |
| C1N | Summerside | Summerside | PE | 11 | 7.5 | 147.3% |
| E1B | Riverview | Riverview | NB | 11 | 10.2 | 107.8% |
| E2K | Saint John North | Saint John | NB | 11 | 8.6 | 128.7% |
| B0V | Digby Neck (Digby) | Rural Area | NS | 10 | 3.6 | 281.0% |
| B1A | Glace Bay | Glace Bay | NS | 10 | 11.3 | 88.2% |
| B1P | Sydney North Central | Sydney | NS | 10 | 8.7 | 114.6% |
Top Annual Gainers (%)
| FSA | FSA_Place_Name | City | Prov | Trailing.12.Months | YoY Change | YoY Pct Chg |
|---|---|---|---|---|---|---|
| B1H | New Waterford | New Waterford | NS | 72 | 31 | 75.6% |
| E4P | Shediac | Shediac | NB | 80 | 26 | 48.1% |
| B1P | Sydney North Central | Sydney | NS | 100 | 32 | 47.1% |
| B2W | Dartmouth East Central | Dartmouth | NS | 131 | 40 | 44.0% |
| E1V | Miramichi North | Miramichi | NB | 80 | 21 | 35.6% |
| B6L | Truro | Truro | NS | 66 | 17 | 34.7% |
| B1A | Glace Bay | Glace Bay | NS | 120 | 28 | 30.4% |
| B4V | Bridgewater | Bridgewater | NS | 117 | 27 | 30.0% |
| C0A | Charlottetown | Rural Area | PE | 149 | 31 | 26.3% |
| E2K | Saint John North | Saint John | NB | 109 | 21 | 23.9% |
Lowest Annual Gainers (%)
| FSA | FSA_Place_Name | City | Prov | Trailing.12.Months | YoY Chg | YoY Pct Chg |
|---|---|---|---|---|---|---|
| E1X | Tracadie-Sheila | Tracadie-Sheila | NB | 60 | -20 | -25.0% |
| B0S | West Annapolis County (Middleton) | Rural Area | NS | 51 | -16 | -23.9% |
| E3A | Fredericton North | Fredericton | NB | 100 | -18 | -15.3% |
| B0J | Mainland east shore (Lunenburg) | Rural Area | NS | 131 | -17 | -11.5% |
| E3B | Fredericton South New Brunswick Prov Govt | Fredericton | NB | 132 | -12 | -8.3% |
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