Insolvency statistics in Canada—Fourth quarter of 2022 (part 3)

 

Some insolvency filings do not have an identifiable Economic Region. Previously, a process was used to redistribute these filings among Economic Regions. From 2022 onwards, filings with an unknown Economic Region will be reported as such. Note that in cases where there is a discrepancy between past reports, the most recent report is considered correct.

Table 5: BIA Insolvencies Filed by Consumers by ER
- Volume % Change 12-Month Period Ending
Q4 2022 Q3 2022 Q4 2021 Q3 2022
to
Q3 2022
Q4 2021
to
Q4 2022
12-31-2022 12-31-2021 % Change
Newfoundland and Labrador 492 520 403 -5.4 22.1 1,926 1,739 10.8

Bankruptcies

168 180 145 -6.7 15.9 674 643 4.8

Proposals

324 340 258 -4.7 25.6 1,252 1,096 14.2
Avalon Peninsula 239 293 207 -18.4 15.5 958 885 8.2

Bankruptcies

74 93 76 -20.4 -2.6 316 340 -7.1

Proposals

165 200 131 -17.5 26.0 642 545 17.8
South Coast - Burin Peninsula 41 27 31 51.9 32.3 130 120 8.3

Bankruptcies

19 13 11 46.2 72.7 49 39 25.6

Proposals

22 14 20 57.1 10.0 81 81 0.0
West Coast - Northern Peninsula - Labrador 83 77 74 7.8 12.2 313 301 4.0

Bankruptcies

31 29 24 6.9 29.2 120 93 29.0

Proposals

52 48 50 8.3 4.0 193 208 -7.2
Notre Dame - Central Bonavista Bay 121 108 83 12.0 45.8 466 388 20.1

Bankruptcies

43 37 32 16.2 34.4 168 155 8.4

Proposals

78 71 51 9.9 52.9 298 233 27.9
Unknown 8 15 8 -46.7 0.0 59 45 31.1

Bankruptcies

1 8 2 -87.5 -50.0 21 16 31.3

Proposals

7 7 6 0.0 16.7 38 29 31.0
Prince Edward Island 105 112 107 -6.3 -1.9 443 383 15.7

Bankruptcies

39 38 45 2.6 -13.3 169 168 0.6

Proposals

66 74 62 -10.8 6.5 274 215 27.4
Prince Edward Island 102 107 105 -4.7 -2.9 428 373 14.7

Bankruptcies

38 38 45 0.0 -15.6 162 163 -0.6

Proposals

64 69 60 -7.2 6.7 266 210 26.7
Unknown 3 5 2 -40.0 50.0 15 10 50.0

Bankruptcies

1 0 0 -- -- 7 5 40.0

Proposals

2 5 2 -60.0 0.0 8 5 60.0
Nova Scotia 891 941 690 -5.3 29.1 3,465 3,004 15.3

Bankruptcies

267 316 281 -15.5 -5.0 1,208 1,265 -4.5

Proposals

624 625 409 -0.2 52.6 2,257 1,739 29.8
Cape Breton 154 136 143 13.2 7.7 579 566 2.3

Bankruptcies

47 52 61 -9.6 -23.0 205 246 -16.7

Proposals

107 84 82 27.4 30.5 374 320 16.9
North Shore 158 155 97 1.9 62.9 593 509 16.5

Bankruptcies

39 51 26 -23.5 50.0 195 189 3.2

Proposals

119 104 71 14.4 67.6 398 320 24.4
Annapolis Valley 126 111 78 13.5 61.5 435 369 17.9

Bankruptcies

47 36 37 30.6 27.0 170 174 -2.3

Proposals

79 75 41 5.3 92.7 265 195 35.9
Southern 104 137 84 -24.1 23.8 453 370 22.4

Bankruptcies

34 44 31 -22.7 9.7 155 155 0.0

Proposals

70 93 53 -24.7 32.1 298 215 38.6
Halifax 314 376 276 -16.5 13.8 1,295 1,126 15.0

Bankruptcies

89 126 121 -29.4 -26.4 452 475 -4.8

Proposals

225 250 155 -10.0 45.2 843 651 29.5
Unknown 35 26 12 34.6 191.7 110 64 71.9

Bankruptcies

11 7 5 57.1 120.0 31 26 19.2

Proposals

24 19 7 26.3 242.9 79 38 107.9
New Brunswick 771 823 660 -6.3 16.8 3,125 2,985 4.7

Bankruptcies

210 265 249 -20.8 -15.7 1,027 1,243 -17.4

Proposals

561 558 411 0.5 36.5 2,098 1,742 20.4
Campbellton - Miramichi 179 171 158 4.7 13.3 680 673 1.0

Bankruptcies

48 52 72 -7.7 -33.3 239 289 -17.3

Proposals

131 119 86 10.1 52.3 441 384 14.8
Moncton - Richibucto 206 236 175 -12.7 17.7 868 811 7.0

Bankruptcies

57 75 57 -24.0 0.0 268 328 -18.3

Proposals

149 161 118 -7.5 26.3 600 483 24.2
Saint John - St.Stephen 164 186 156 -11.8 5.1 699 677 3.2

Bankruptcies

45 67 57 -32.8 -21.1 248 277 -10.5

Proposals

119 119 99 0.0 20.2 451 400 12.8
Fredericton - Oromocto 135 125 86 8.0 57.0 515 460 12.0

Bankruptcies

38 35 28 8.6 35.7 149 199 -25.1

Proposals

97 90 58 7.8 67.2 366 261 40.2
Edmundston - Woodstock 69 97 76 -28.9 -9.2 316 328 -3.7

Bankruptcies

16 32 34 -50.0 -52.9 107 144 -25.7

Proposals

53 65 42 -18.5 26.2 209 184 13.6
Unknown 18 8 9 125.0 100.0 47 36 30.6

Bankruptcies

6 4 1 50.0 500.0 16 6 166.7

Proposals

12 4 8 200.0 50.0 31 30 3.3
Quebec 6,398 6,587 5,781 -2.9 10.7 25,432 23,664 7.5

Bankruptcies

2,010 2,311 2,419 -13.0 -16.9 8,793 10,112 -13.0

Proposals

4,388 4,276 3,362 2.6 30.5 16,639 13,552 22.8
Gaspésie - Îles-de-la-Madeleine 82 77 75 6.5 9.3 295 289 2.1

Bankruptcies

17 22 32 -22.7 -46.9 77 128 -39.8

Proposals

65 55 43 18.2 51.2 218 161 35.4
Bas-Saint-Laurent 141 133 172 6.0 -18.0 637 570 11.8

Bankruptcies

39 46 69 -15.2 -43.5 223 251 -11.2

Proposals

102 87 103 17.2 -1.0 414 319 29.8
Capitale-Nationale 604 558 522 8.2 15.7 2,217 2,052 8.0

Bankruptcies

193 187 197 3.2 -2.0 714 838 -14.8

Proposals

411 371 325 10.8 26.5 1,503 1,214 23.8
Chaudière - Appalaches 327 301 278 8.6 17.6 1,204 1,145 5.2

Bankruptcies

91 98 109 -7.1 -16.5 394 471 -16.3

Proposals

236 203 169 16.3 39.6 810 674 20.2
Estrie 226 278 225 -18.7 0.4 987 954 3.5

Bankruptcies

90 118 104 -23.7 -13.5 421 437 -3.7

Proposals

136 160 121 -15.0 12.4 566 517 9.5
Centre-du-Québec 204 210 176 -2.9 15.9 817 729 12.1

Bankruptcies

73 83 74 -12.0 -1.4 331 324 2.2

Proposals

131 127 102 3.1 28.4 486 405 20.0
Montérégie 1,107 1,137 1,021 -2.6 8.4 4,465 4,256 4.9

Bankruptcies

316 368 432 -14.1 -26.9 1,429 1,707 -16.3

Proposals

791 769 589 2.9 34.3 3,036 2,549 19.1
Montréal 1,187 1,192 1,014 -0.4 17.1 4,736 4,334 9.3

Bankruptcies

389 461 459 -15.6 -15.3 1,791 1,957 -8.5

Proposals

798 731 555 9.2 43.8 2,945 2,377 23.9
Laval 268 270 247 -0.7 8.5 1,037 1,022 1.5

Bankruptcies

103 100 109 3.0 -5.5 395 447 -11.6

Proposals

165 170 138 -2.9 19.6 642 575 11.7
Lanaudière 484 533 405 -9.2 19.5 1,928 1,671 15.4

Bankruptcies

154 177 167 -13.0 -7.8 648 679 -4.6

Proposals

330 356 238 -7.3 38.7 1,280 992 29.0
Laurentides 527 550 475 -4.2 10.9 2,083 1,957 6.4

Bankruptcies

164 194 189 -15.5 -13.2 708 821 -13.8

Proposals

363 356 286 2.0 26.9 1,375 1,136 21.0
Outaouais 336 374 314 -10.2 7.0 1,399 1,321 5.9

Bankruptcies

102 116 122 -12.1 -16.4 441 541 -18.5

Proposals

234 258 192 -9.3 21.9 958 780 22.8
Abitibi - Témiscamingue 146 119 135 22.7 8.1 514 541 -5.0

Bankruptcies

35 33 53 6.1 -34.0 132 211 -37.4

Proposals

111 86 82 29.1 35.4 382 330 15.8
Mauricie 230 288 242 -20.1 -5.0 995 899 10.7

Bankruptcies

101 130 118 -22.3 -14.4 436 457 -4.6

Proposals

129 158 124 -18.4 4.0 559 442 26.5
Saguenay - Lac-Saint-Jean 212 209 205 1.4 3.4 828 862 -3.9

Bankruptcies

66 85 90 -22.4 -26.7 302 419 -27.9

Proposals

146 124 115 17.7 27.0 526 443 18.7
Côte-Nord 67 76 53 -11.8 26.4 280 242 15.7

Bankruptcies

17 16 20 6.3 -15.0 74 104 -28.8

Proposals

50 60 33 -16.7 51.5 206 138 49.3
Nord-du-Québec 12 14 19 -14.3 -36.8 54 54 0.0

Bankruptcies

1 2 3 -50.0 -66.7 9 15 -40.0

Proposals

11 12 16 -8.3 -31.3 45 39 15.4
Unknown 238 268 203 -11.2 17.2 956 766 24.8

Bankruptcies

59 75 72 -21.3 -18.1 268 305 -12.1

Proposals

179 193 131 -7.3 36.6 688 461 49.2
Ontario 9,146 8,966 7,685 2.0 19.0 34,748 30,336 14.5

Bankruptcies

1,724 1,791 1,870 -3.7 -7.8 7,133 7,583 -5.9

Proposals

7,422 7,175 5,815 3.4 27.6 27,615 22,753 21.4
Ottawa 787 781 703 0.8 11.9 2,970 2,713 9.5

Bankruptcies

186 193 244 -3.6 -23.8 807 948 -14.9

Proposals

601 588 459 2.2 30.9 2,163 1,765 22.5
Kingston - Pembroke 340 373 312 -8.8 9.0 1,333 1,220 9.3

Bankruptcies

81 102 86 -20.6 -5.8 359 338 6.2

Proposals

259 271 226 -4.4 14.6 974 882 10.4
Muskoka - Kawarthas 241 244 190 -1.2 26.8 943 815 15.7

Bankruptcies

51 40 54 27.5 -5.6 190 219 -13.2

Proposals

190 204 136 -6.9 39.7 753 596 26.3
Toronto 3,732 3,613 3,044 3.3 22.6 13,944 12,172 14.6

Bankruptcies

614 603 648 1.8 -5.2 2,428 2,626 -7.5

Proposals

3,118 3,010 2,396 3.6 30.1 11,516 9,546 20.6
Kitchener - Waterloo - Barrie 926 907 765 2.1 21.0 3,436 2,986 15.1

Bankruptcies

135 159 175 -15.1 -22.9 625 742 -15.8

Proposals

791 748 590 5.7 34.1 2,811 2,244 25.3
Hamilton - Niagara Peninsula 900 975 785 -7.7 14.6 3,637 2,994 21.5

Bankruptcies

173 208 188 -16.8 -8.0 790 763 3.5

Proposals

727 767 597 -5.2 21.8 2,847 2,231 27.6
London 505 498 468 1.4 7.9 2,021 1,752 15.4

Bankruptcies

104 103 110 1.0 -5.5 440 443 -0.7

Proposals

401 395 358 1.5 12.0 1,581 1,309 20.8
Windsor - Sarnia 452 447 384 1.1 17.7 1,854 1,558 19.0

Bankruptcies

97 110 91 -11.8 6.6 421 363 16.0

Proposals

355 337 293 5.3 21.2 1,433 1,195 19.9
Stratford - Bruce Peninsula 148 131 112 13.0 32.1 519 506 2.6

Bankruptcies

41 33 30 24.2 36.7 146 142 2.8

Proposals

107 98 82 9.2 30.5 373 364 2.5
Northeast 149 123 138 21.1 8.0 495 508 -2.6

Bankruptcies

36 42 42 -14.3 -14.3 143 175 -18.3

Proposals

113 81 96 39.5 17.7 352 333 5.7
Northwest 498 514 455 -3.1 9.5 2,031 1,875 8.3

Bankruptcies

124 140 136 -11.4 -8.8 528 551 -4.2

Proposals

374 374 319 0.0 17.2 1,503 1,324 13.5
Unknown 468 360 329 30.0 42.2 1,565 1,237 26.5

Bankruptcies

82 58 66 41.4 24.2 256 273 -6.2

Proposals

386 302 263 27.8 46.8 1,309 964 35.8
Manitoba 740 754 653 -1.9 13.3 2,770 2,506 10.5

Bankruptcies

202 207 202 -2.4 0.0 734 780 -5.9

Proposals

538 547 451 -1.6 19.3 2,036 1,726 18.0
Southeast 47 43 33 9.3 42.4 170 158 7.6

Bankruptcies

12 10 10 20.0 20.0 43 61 -29.5

Proposals

35 33 23 6.1 52.2 127 97 30.9
South Central 16 21 18 -23.8 -11.1 75 93 -19.4

Bankruptcies

3 3 4 0.0 -25.0 13 25 -48.0

Proposals

13 18 14 -27.8 -7.1 62 68 -8.8
Southwest 68 97 73 -29.9 -6.8 301 270 11.5

Bankruptcies

23 17 28 35.3 -17.9 81 89 -9.0

Proposals

45 80 45 -43.8 0.0 220 181 21.5
North Central 21 28 23 -25.0 -8.7 80 83 -3.6

Bankruptcies

8 5 13 60.0 -38.5 19 36 -47.2

Proposals

13 23 10 -43.5 30.0 61 47 29.8
Winnipeg 459 432 384 6.3 19.5 1,678 1,466 14.5

Bankruptcies

121 131 116 -7.6 4.3 452 440 2.7

Proposals

338 301 268 12.3 26.1 1,226 1,026 19.5
Interlake 39 32 30 21.9 30.0 138 125 10.4

Bankruptcies

7 8 8 -12.5 -12.5 28 48 -41.7

Proposals

32 24 22 33.3 45.5 110 77 42.9
Parklands 18 23 18 -21.7 0.0 73 79 -7.6

Bankruptcies

5 8 3 -37.5 66.7 20 26 -23.1

Proposals

13 15 15 -13.3 -13.3 53 53 0.0
North 22 31 34 -29.0 -35.3 86 105 -18.1

Bankruptcies

5 9 9 -44.4 -44.4 23 24 -4.2

Proposals

17 22 25 -22.7 -32.0 63 81 -22.2
Unknown 50 47 40 6.4 25.0 169 127 33.1

Bankruptcies

18 16 11 12.5 63.6 55 31 77.4

Proposals

32 31 29 3.2 10.3 114 96 18.8
Saskatchewan 803 787 706 2.0 13.7 3,116 2,722 14.5

Bankruptcies

143 170 175 -15.9 -18.3 642 742 -13.5

Proposals

660 617 531 7.0 24.3 2,474 1,980 24.9
Regina - Moose Mountain 233 221 218 5.4 6.9 956 886 7.9

Bankruptcies

45 55 55 -18.2 -18.2 218 234 -6.8

Proposals

188 166 163 13.3 15.3 738 652 13.2
Swift Current - Moose Jaw 59 77 63 -23.4 -6.3 248 252 -1.6

Bankruptcies

12 19 14 -36.8 -14.3 62 81 -23.5

Proposals

47 58 49 -19.0 -4.1 186 171 8.8
Saskatoon - Biggar 247 239 220 3.3 12.3 934 798 17.0

Bankruptcies

37 53 56 -30.2 -33.9 180 203 -11.3

Proposals

210 186 164 12.9 28.0 754 595 26.7
Yorkton - Melville 61 55 58 10.9 5.2 210 214 -1.9

Bankruptcies

9 19 17 -52.6 -47.1 53 50 6.0

Proposals

52 36 41 44.4 26.8 157 164 -4.3
Prince Albert 156 152 112 2.6 39.3 586 437 34.1

Bankruptcies

32 21 27 52.4 18.5 102 136 -25.0

Proposals

124 131 85 -5.3 45.9 484 301 60.8
Northern 18 16 15 12.5 20.0 58 56 3.6

Bankruptcies

3 1 3 200.0 0.0 6 17 -64.7

Proposals

15 15 12 0.0 25.0 52 39 33.3
Unknown 29 27 20 7.4 45.0 124 79 57.0

Bankruptcies

5 2 3 150.0 66.7 21 21 0.0

Proposals

24 25 17 -4.0 41.2 103 58 77.6
Alberta 3,791 3,676 3,428 3.1 10.6 14,883 13,954 6.7

Bankruptcies

591 559 632 5.7 -6.5 2,378 2,733 -13.0

Proposals

3,200 3,117 2,796 2.7 14.4 12,505 11,221 11.4
Lethbridge - Medicine Hat 297 273 239 8.8 24.3 1,136 975 16.5

Bankruptcies

56 41 39 36.6 43.6 198 191 3.7

Proposals

241 232 200 3.9 20.5 938 784 19.6
Camrose - Drumheller 152 162 142 -6.2 7.0 641 593 8.1

Bankruptcies

23 28 32 -17.9 -28.1 122 151 -19.2

Proposals

129 134 110 -3.7 17.3 519 442 17.4
Calgary 1,166 1,095 1,047 6.5 11.4 4,491 4,292 4.6

Bankruptcies

196 188 201 4.3 -2.5 804 920 -12.6

Proposals

970 907 846 6.9 14.7 3,687 3,372 9.3
Banff - Jasper - Rocky Mountain House 73 55 69 32.7 5.8 284 268 6.0

Bankruptcies

12 8 11 50.0 9.1 51 54 -5.6

Proposals

61 47 58 29.8 5.2 233 214 8.9
Red Deer 223 246 207 -9.3 7.7 894 887 0.8

Bankruptcies

35 39 37 -10.3 -5.4 136 156 -12.8

Proposals

188 207 170 -9.2 10.6 758 731 3.7
Edmonton 1,202 1,185 1,076 1.4 11.7 4,766 4,463 6.8

Bankruptcies

185 185 209 0.0 -11.5 745 849 -12.2

Proposals

1,017 1,000 867 1.7 17.3 4,021 3,614 11.3
Athabasca - Grande Prairie - Peace River 215 200 222 7.5 -3.2 818 846 -3.3

Bankruptcies

31 21 48 47.6 -35.4 112 159 -29.6

Proposals

184 179 174 2.8 5.7 706 687 2.8
Wood Buffalo - Cold Lake 167 175 144 -4.6 16.0 680 585 16.2

Bankruptcies

18 18 13 0.0 38.5 82 87 -5.7

Proposals

149 157 131 -5.1 13.7 598 498 20.1
Unknown 296 285 282 3.9 5.0 1,173 1,045 12.2

Bankruptcies

35 31 42 12.9 -16.7 128 166 -22.9

Proposals

261 254 240 2.8 8.8 1,045 879 18.9
British Columbia 2,725 2,666 2,121 2.2 28.5 10,157 8,699 16.8

Bankruptcies

464 442 468 5.0 -0.9 1,819 2,173 -16.3

Proposals

2,261 2,224 1,653 1.7 36.8 8,338 6,526 27.8
Vancouver Island and Coast 468 527 394 -11.2 18.8 1,901 1,588 19.7

Bankruptcies

84 94 87 -10.6 -3.4 344 373 -7.8

Proposals

384 433 307 -11.3 25.1 1,557 1,215 28.1
Lower Mainland - Southwest 1,401 1,347 1,060 4.0 32.2 5,171 4,461 15.9

Bankruptcies

213 209 237 1.9 -10.1 912 1,140 -20.0

Proposals

1,188 1,138 823 4.4 44.3 4,259 3,321 28.2
Thompson - Okanagan 371 342 295 8.5 25.8 1,344 1,206 11.4

Bankruptcies

74 65 57 13.8 29.8 250 297 -15.8

Proposals

297 277 238 7.2 24.8 1,094 909 20.4
Kootenay 97 84 71 15.5 36.6 302 287 5.2

Bankruptcies

19 17 19 11.8 0.0 56 79 -29.1

Proposals

78 67 52 16.4 50.0 246 208 18.3
Cariboo 107 112 87 -4.5 23.0 428 356 20.2

Bankruptcies

30 21 23 42.9 30.4 106 98 8.2

Proposals

77 91 64 -15.4 20.3 322 258 24.8
North Coast 26 30 21 -13.3 23.8 117 79 48.1

Bankruptcies

2 0 3 -- -33.3 10 15 -33.3

Proposals

24 30 18 -20.0 33.3 107 64 67.2
Nechako 27 23 19 17.4 42.1 88 69 27.5

Bankruptcies

9 1 5 800.0 80.0 14 13 7.7

Proposals

18 22 14 -18.2 28.6 74 56 32.1
Northeast 41 57 45 -28.1 -8.9 205 204 0.5

Bankruptcies

9 10 8 -10.0 12.5 37 55 -32.7

Proposals

32 47 37 -31.9 -13.5 168 149 12.8
Unknown 187 144 129 29.9 45.0 601 449 33.9

Bankruptcies

24 25 29 -4.0 -17.2 90 103 -12.6

Proposals

163 119 100 37.0 63.0 511 346 47.7
Northwest Territories 7 11 16 -36.4 -56.3 56 53 5.7

Bankruptcies

0 0 4 -- -100.0 3 9 -66.7

Proposals

7 11 12 -36.4 -41.7 53 44 20.5
Northwest Territories 7 10 15 -30.0 -53.3 55 52 5.8

Bankruptcies

0 0 4 -- -100.0 3 9 -66.7

Proposals

7 10 11 -30.0 -36.4 52 43 20.9
Unknown 0 1 1 -100.0 -100.0 1 1 0.0

Bankruptcies

0 0 0 -- -- 0 0 --

Proposals

0 1 1 -100.0 -100.0 1 1 0.0
Yukon 9 14 11 -35.7 -18.2 50 34 47.1

Bankruptcies

2 2 2 0.0 0.0 6 9 -33.3

Proposals

7 12 9 -41.7 -22.2 44 25 76.0
Yukon 8 12 11 -33.3 -27.3 46 33 39.4

Bankruptcies

1 2 2 -50.0 -50.0 5 8 -37.5

Proposals

7 10 9 -30.0 -22.2 41 25 64.0
Unknown 1 2 0 -50.0 -- 4 1 300.0

Bankruptcies

1 0 0 -- -- 1 1 0.0

Proposals

0 2 0 -100.0 -- 3 0 --
Nunavut 7 3 5 133.3 40.0 13 13 0.0

Bankruptcies

0 0 0 -- -- 0 1 -100.0

Proposals

7 3 5 133.3 40.0 13 12 8.3
Nunavut 7 3 5 133.3 40.0 13 13 0.0

Bankruptcies

0 0 0 -- -- 0 1 -100.0

Proposals

7 3 5 133.3 40.0 13 12 8.3
Unknown 0 0 0 -- -- 0 0 --

Bankruptcies

0 0 0 -- -- 0 0 --

Proposals

0 0 0 -- -- 0 0 --