Regional Observations In Ontario, the declared asset value of $918,185,949 entering receivership during 2024 more than doubled the $437,526,577 asset value recorded in 2023. In terms of volume, 371 receiverships occurred in 2024, representing a 73.4% year-over-year increase (see Figure 13). In Québec, although the number of receiverships also rose significantly, by 95.7% over the same period (see Figure 14), the declared asset value declined from $633,845,971 to $104,578,221. We will, therefore, continue to watch whether the declared asset value entering receivership in Ontario continues to rise, while monitoring the increase of presumably smaller-scale receiverships in Québec. In British Columbia, Q4 2024 had a considerable value of declared assets in receivership – a total of $1,543,422,069 in assets. This asset value propelled British Columbia to record a far higher annual value of declared assets in receivership, an annual total of $2,036,928,567. In 2024, British Columbia surpassed records of all jurisdictions over the past few years. This figure reported from British Columbia comes just shy of Ontario's total declared asset values in 2019 and 2020, when businesses reacted to the shock of the pandemic. Aligned with activities in Ontario, Québec and British Columbia, Alberta had a total value of $183,665,454 in declared assets in receivership, being a 78.2% year-over-year increase, and a 110% increase in number of receiverships over the same period (see Figure 16).
Figure 13: Ontario Receiverships by Volume
Figure 13: Ontario Receiverships by Volume
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Davies | dwpv.com
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