Insolvency Now (Issue 11): 2019-2024 Data Trends

RECEIVERSHIPS BY PROVINCE

The declared asset value entering receivership in Ontario in 2024 passed the totals from 2023 within the first five months (see Figure 13). However, the volume of receiverships is similar to the number in 2023 over the same time period. Saskatchewan had an unusual May in 2024, with four receiverships with a combined declared asset value of $4,096,429 (that province had not had more than two receiverships since 2021); and in the first four months had no receiverships (see Figure 14). Manitoba had six receiverships totalling $6,422,600 in April; five in June totalling $30,307,195; but zero in every other month so far this year (see Figure 15). As shown in Figure 16, in 2024, British Columbia had a total number of receiverships representing 60% of the number from 2023 within the same time frame for the first five months but has since had 15 across June (three) and July (12), ending up with 32 for the year so far (only three less within the same period for the entire year in 2023).

Figure 13: Ontario Receiverships

Figure 13: Ontario Receiverships

Ontario Receiverships

10 15 20 25 30 35 40 45

0 5

Jan Feb Mar

Ap r

May June Jul

Aug Sep Oct Nov Dec

2019

2020

2021

2022

2023

2024

Alt Text: This graph depicts Ontario receiverships. The X axis displays the months, the Y axis displays the number of receiverships and the coloured lines on the graph represent the years. Graph highlights are detailed in the text above. For further explanation of the data, please contact us. Figure 14: Saskatchewan Receiverships

Saskatchewan Receiverships

12

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